MERCOSUR: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in MERCOSUR

The MERCOSUR titanium ore and concentrate market surged to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, saw a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Titanium Ores and Concentrates in MERCOSUR

In value terms, titanium ore and concentrate production amounted to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Titanium Ores and Concentrates

Exports in MERCOSUR

In 2022, the amount of titanium ores and concentrates exported in MERCOSUR declined dramatically to X tons, reducing by X% against 2021. Over the period under review, exports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, titanium ore and concentrate exports shrank remarkably to $X in 2022. Overall, exports continue to indicate a noticeable descent. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Brazil (X tons), together recording X% of total export.

Brazil was also the fastest-growing in terms of the titanium ores and concentrates exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest titanium ore and concentrate supplier in MERCOSUR.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at X%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to X% per year.

Imports of Titanium Ores and Concentrates

Imports in MERCOSUR

In 2022, purchases abroad of titanium ores and concentrates increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a deep contraction. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, titanium ore and concentrate imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. Argentina (X tons) and Colombia (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to titanium ore and concentrate imports into Brazil stood at X%. At the same time, Colombia (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported titanium ores and concentrates in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports.

In Brazil, titanium ore and concentrate imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, titanium ore and concentrate import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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