U.S.: Ferro-Titanium And Ferro-Silico-Titanium Market 2024

Ferro-Titanium And Ferro-Silico-Titanium Market Size in the U.S.

The U.S. ferro-titanium and ferro-silico-titanium market rose significantly to $X in 2023, picking up by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Ferro-Titanium And Ferro-Silico-Titanium Production in the U.S.

In value terms, ferro-titanium and ferro-silico-titanium production rose notably to $X in 2023. In general, production continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Ferro-titanium and ferro-silico-titanium production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports from the U.S.

In 2023, the amount of ferro-titanium and ferro-silico-titanium exported from the United States declined remarkably to X tons, waning by X% on the previous year. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, ferro-titanium and ferro-silico-titanium exports reduced sharply to $X in 2023. Overall, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for ferro-titanium and ferro-silico-titanium exports from the United States, with a X% share of total exports. Moreover, ferro-titanium and ferro-silico-titanium exports to Canada exceeded the volume sent to the second major destination, Brazil (X tons), fivefold. The third position in this ranking was taken by Mexico (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Mexico (X% per year).

In value terms, Canada ($X) remains the key foreign market for ferro-titanium and ferro-silico-titanium exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Mexico (X% per year).

Export Prices by Country

The average ferro-titanium and ferro-silico-titanium export price stood at $X per ton in 2023, almost unchanged from the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports into the U.S.

In 2023, the amount of ferro-titanium and ferro-silico-titanium imported into the United States shrank to X tons, declining by X% on the previous year. In general, imports, however, saw noticeable growth. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, ferro-titanium and ferro-silico-titanium imports shrank to $X in 2023. Overall, imports, however, continue to indicate a notable expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2022, and then shrank in the following year.

Imports by Country

The UK (X tons), Estonia (X tons) and Canada (X tons) were the main suppliers of ferro-titanium and ferro-silico-titanium imports to the United States, together comprising X% of total imports. Latvia, Ukraine and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Canada ($X) and Estonia ($X) were the largest ferro-titanium and ferro-silico-titanium suppliers to the United States, together accounting for X% of total imports. Latvia, Ukraine and Poland lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average ferro-titanium and ferro-silico-titanium import price amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2022, and then dropped slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Canada ($X per ton) and the UK ($X per ton), while the price for Latvia ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform