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

Ferro-Titanium And Ferro-Silico-Titanium Market Size in the EU

After two years of growth, the EU ferro-titanium and ferro-silico-titanium market decreased by X% to $X in 2023. Over the period under review, consumption, however, recorded a pronounced decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Production in the EU

In value terms, ferro-titanium and ferro-silico-titanium production rose remarkably to $X in 2023 estimated in export price. Overall, production, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports in the EU

In 2023, shipments abroad of ferro-titanium and ferro-silico-titanium increased by X% to X tons, rising for the third year in a row after three years of decline. Total exports indicated resilient growth from 2012 to 2023: its volume 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. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in years to come.

In value terms, ferro-titanium and ferro-silico-titanium exports declined remarkably to $X in 2023. In general, exports posted prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then fell sharply in the following year.

Exports by Country

In 2023, the Netherlands (X tons) and Estonia (X tons) were the major exporters of ferro-titanium and ferro-silico-titanium in the European Union, together finishing at approx. X% of total exports. It was distantly followed by Latvia (X tons), Germany (X tons), Poland (X tons) and France (X tons), together achieving a X% share of total exports. Spain (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 key exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-titanium and ferro-silico-titanium supplying countries in the European Union were the Netherlands ($X), Estonia ($X) and Latvia ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Latvia, with a CAGR of X%, saw 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

In 2023, the export price in the European Union amounted to $X per ton, which is down by X% against the previous year. In general, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then contracted dramatically in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in France ($X per ton) and Germany ($X per ton), while Latvia ($X per ton) and Estonia ($X per ton) were amongst the lowest.

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

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports in the EU

In 2023, the amount of ferro-titanium and ferro-silico-titanium imported in the European Union was estimated at X tons, picking up by X% on the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, ferro-titanium and ferro-silico-titanium imports contracted remarkably to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then reduced markedly in the following year.

Imports by Country

In 2023, the Netherlands (X tons) and Germany (X tons) represented the major importers of ferro-titanium and ferro-silico-titanium in the European Union, together finishing at near X% of total imports. Latvia (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Estonia (X%), Austria (X%), France (X%), Italy (X%), Poland (X%), Spain (X%) and Belgium (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 largest ferro-titanium and ferro-silico-titanium importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), with a combined X% share of total imports. Latvia, Austria, Estonia, Italy, Belgium, Spain and Poland lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in the European Union stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then contracted sharply in the following year.

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

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

Source: IndexBox Platform