MENA: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in MENA

The MENA's titanium ore and concentrate market contracted to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Production of Titanium Ores and Concentrates in MENA

In value terms, titanium ore and concentrate production reached $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Titanium Ores and Concentrates

Exports in MENA

In 2022, shipments abroad of titanium ores and concentrates decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2019 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, titanium ore and concentrate exports contracted markedly to $X in 2022. Over the period under review, exports, however, showed notable growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. 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

In 2022, Egypt (X tons) represented the key exporter of titanium ores and concentrates, achieving X% of total exports. It was distantly followed by the United Arab Emirates (X tons), Turkey (X tons) and Saudi Arabia (X tons), together constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to titanium ore and concentrate exports from Egypt stood at X%. At the same time, Turkey (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Egypt, Turkey and Saudi Arabia increased by X, X and X percentage points, respectively.

In value terms, Egypt ($X) emerged as the largest titanium ore and concentrate supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In Egypt, titanium ore and concentrate exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price recorded a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

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 Egypt (X%), while the other leaders experienced more modest paces of growth.

Imports of Titanium Ores and Concentrates

Imports in MENA

In 2022, imports of titanium ores and concentrates in MENA declined dramatically to X tons, waning by X% against 2021. Overall, imports continue to indicate a mild slump. 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 failed to regain momentum.

In value terms, titanium ore and concentrate imports contracted to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

Saudi Arabia represented the major importer of titanium ores and concentrates in MENA, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Turkey (X tons), creating a X% share of total imports. Iran (X tons) took a little 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 ($X) constitutes the largest market for imported titanium ores and concentrates in MENA, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia amounted to X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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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