Thailand: Titanium Market 2024

Titanium Market Size in Thailand

In 2022, the Thai titanium market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Titanium Production in Thailand

In value terms, titanium production contracted slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Titanium Exports

Exports from Thailand

For the third year in a row, Thailand recorded decline in overseas shipments of titanium sponge, powders, ingots and slabs, which decreased by X% to X kg in 2022. Overall, exports, however, saw a remarkable increase. 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 tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, titanium exports declined sharply to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for titanium exports from Thailand, with a X% share of total exports. Moreover, titanium exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), threefold. Japan (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for titanium sponge, powders, ingots and slabs exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average titanium export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price saw a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Imports

Imports into Thailand

Titanium imports into Thailand contracted sharply to X tons in 2022, with a decrease of X% compared with the previous year. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, titanium imports dropped sharply to $X in 2022. Overall, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then fell rapidly in the following year.

Imports by Country

In 2022, Estonia (X tons) constituted the largest supplier of titanium to Thailand, with a X% share of total imports. Moreover, titanium imports from Estonia exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Estonia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

In value terms, the largest titanium suppliers to Thailand were Japan ($X), Estonia ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, Estonia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average titanium import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, showed a abrupt decline. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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