Asia: Ferro-Titanium And Ferro-Silico-Titanium Market 2024

Ferro-Titanium And Ferro-Silico-Titanium Market Size in Asia

In 2023, the Asian ferro-titanium and ferro-silico-titanium market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2022, and then shrank notably in the following year.

Ferro-Titanium And Ferro-Silico-Titanium Production in Asia

In value terms, ferro-titanium and ferro-silico-titanium production amounted to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports in Asia

In 2023, the amount of ferro-titanium and ferro-silico-titanium exported in Asia contracted markedly to X tons, with a decrease of X% against the previous year. Over the period under review, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked at X tons in 2022, and then shrank dramatically in the following year.

In value terms, ferro-titanium and ferro-silico-titanium exports dropped notably to $X in 2023. Overall, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then fell markedly in the following year.

Exports by Country

In 2023, India (X tons), distantly followed by China (X tons), the United Arab Emirates (X tons) and Singapore (X tons) represented the key exporters of ferro-titanium and ferro-silico-titanium, together creating X% of total exports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Singapore (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports. Singapore and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Singapore, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then reduced dramatically in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports in Asia

In 2023, overseas purchases of ferro-titanium and ferro-silico-titanium increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. In general, imports saw a moderate expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, ferro-titanium and ferro-silico-titanium imports shrank remarkably to $X in 2023. Total imports indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2022, and then contracted dramatically in the following year.

Imports by Country

In 2023, Japan (X tons) and South Korea (X tons) were the key importers of ferro-titanium and ferro-silico-titanium in Asia, together comprising X% of total imports. Turkey (X tons) held the next position in the ranking, followed by India (X tons) and Iran (X tons). All these countries together held near X% share of total imports. The United Arab Emirates (X tons), Saudi Arabia (X tons) and Malaysia (X tons) followed a long way behind the leaders.

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

In value terms, the largest ferro-titanium and ferro-silico-titanium importing markets in Asia were Japan ($X), South Korea ($X) and Turkey ($X), together comprising X% of total imports. India, Iran, Malaysia, the United Arab Emirates and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Iran, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then fell markedly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform