Titanium Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Titanium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

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 trends 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.

Please Login or Subscribe to explore our dashboard.

About

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.

Product Details

Report Features Details
Product Name Titanium
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
Chemical Formula Ti
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.

Production Process

  • Production of Titanium via Kroll Process

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.

Methodology

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).

Table Of Contents

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.


Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.


Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences which help us to enhance our services. For further information review our Privacy Policy