Middle East: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in the Middle East

The Middle Eastern titanium ore and concentrate market fell to $X in 2022, waning by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then fell in the following year.

Production of Titanium Ores and Concentrates in the Middle East

In value terms, titanium ore and concentrate production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Titanium Ores and Concentrates

Exports in the Middle East

In 2022, approx. X tons of titanium ores and concentrates were exported in the Middle East; reducing by X% compared with the previous year. In general, exports saw a deep setback. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, titanium ore and concentrate exports shrank dramatically to $X in 2022. Over the period under review, exports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of titanium ores and concentrates, namely the United Arab Emirates, Turkey and Saudi Arabia, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Imports of Titanium Ores and Concentrates

Imports in the Middle East

In 2022, the amount of titanium ores and concentrates imported in the Middle East fell dramatically to X tons, with a decrease of X% against the year before. Overall, imports recorded a slight downturn. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, titanium ore and concentrate imports contracted to $X in 2022. Over the period under review, imports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) was the major importer of titanium ores and concentrates, constituting X% of total imports. It was distantly followed by Turkey (X tons), comprising a X% share of total imports. Iran (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported titanium ores and concentrates in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports.

In Saudi Arabia, titanium ore and concentrate imports contracted 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: Turkey (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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