Get the latest insights on price movement and trends analysis of Titanium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Titanium Price Trends for the First Half of 2023
Titanium is a precious metal with fundamental usage in the ornaments, engineering, and aerospace industries. With its limited availability, the price point is usually high for this metal. However, its usage dictated its market trendss during the said period of H1’23.
In the Chinese market, the peak period of post-lockdown recovery was going on, which pushed Titanium prices up initially at the beginning of the first quarter. But as the quarters shifted, the demands started declining, attributed to the high global inflation rates, since the export queries for various related products decreased substantially.
The European and American markets experienced depreciation for the entire period. A change in end consumer behavior with regard to buying expensive jewellery also was the reason. A more necessity-centric purchasing approach caused the Titanium market to slide.
According to Procurement Resource, given the dull demands from end consumer markets, the Titanium prices are not likely to go up anytime soon.
Titanium Price Trends for the Second Half of 2022
The prices of titanium metal in the global market saw a fluctuating trends. During the initial months, the metal prices were favorable due to the high demand and supply shortage in the market. But the ripple effects of the Russia-Ukraine war showcased its effect on the market. Russia is a significant exporter of metals in the global market, thus restriction on trade with it adversely affected the market. The demand from the end-user industries was also weak, and the doom of the global recession shadowed the prices of titanium.
Titanium metal and its derivatives also declined due to the rise in the production of energy cost prices, especially in the European region. The uncertainties in the market, low demand, energy price fluctuations, reduced inquiries, sea-saw production costs, bearish sentiments observed in the North American region, and oversupply problems, all contributed majorly to keeping the prices of titanium metals towards the negative side of the growth curve.
According to Procurement Resource, the price trendss for titanium metals are expected to oscillate further in the upcoming quarter considering the declining demand, the weak market of the automobile industry, and declining production costs.
Titanium Price Trends For the First Half of 2022
The ongoing Russia-Ukraine war has massive ramifications for the global economy. Owing to various trade restrictions, high production costs and supply chain issues the prices of metal soared globally. The western retaliatory sanction against Russian exports coupled with the absence of Ukrainian exports, the prices of titanium metal skyrocketed.
The US imports 37% of its titanium requirements from Russia. With the sanctions against the biggest supplier of titanium metal: VSMPO-Avisma, the prices of titanium metal surged uncontrollably. Japan fulfils 1/5 of the world’s titanium needs. With the Russian and Ukrainian exports out of the picture, the Japanese exports came under pressure.
The two biggest suppliers Toho and Osaka Titanium corporations were running at their maximum capacity and were still not able to keep up with the demand causing the price trendss of titanium to inflate further. The prices of titanium metal averaged 7.68 USD/kg in January and peaked during May averaging 19.28 USD/kg.
However, the prices began to stabilize in the global market due to the muted demands, cautious buying activity and increased speculations about a global recession. The titanium prices stabilized and averaged 13.90 USD/kg towards the end of the second quarter.
Procurement Resource provides latest prices of Titanium. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Titanium is a chemical element. In appearance, it is a lustrous transition metal with a silver colour, low density, and high strength. Titanium shows resistance against corrosion in sea water, aqua regia, and chlorine. The element occurs within several mineral deposits, principally rutile and ilmenite, that are extensively distributed in the earth's crust and lithosphere.
|Industrial Uses||Apparel and jewellery, Pigments, additives and coatings, Building materials, Aerospace and marine industry, Rotors and compressor blades, Hydraulic system components and nacelles, Automotive applications, Sporting goods, Nuclear waste storage|
|Synonyms||7440-32-6, Oremet, Titanium alloy|
|Supplier Database||VSMPO-AVISMA Corporation, Osaka Titanium Technologies Co., Ltd., Toho Titanium Co., Ltd., The Chemours Company, Western Metal Materials Co., Ltd (WMM), Allegheny Technologies Incorporated (ATI)|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The commercial production of Titanium utilises the Kroll process, a pyrometallurgical industrial process deployed to manufacture metallic Titanium. Firstly, Titanium is separated from its ores through the chloride process, followed by the treatment of the product with chlorine gas, which produces TiCl4 along with other volatile chlorides, Finally, TiCl4 is separated via the fractional distillation and the metal is obtained by the reduction of TiCl4 with magnesium metal.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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