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

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

In 2023, after two years of growth, there was significant decline in the East Asian ferro-titanium and ferro-silico-titanium market, when its value decreased by X% to $X. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

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

In value terms, ferro-titanium and ferro-silico-titanium production amounted to $X in 2023 estimated in export price. Over the period under review, production faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports in Eastern Asia

In 2023, shipments abroad of ferro-titanium and ferro-silico-titanium decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell sharply in the following year.

In value terms, ferro-titanium and ferro-silico-titanium exports fell dramatically to $X in 2023. In general, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

China dominates exports structure, amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by South Korea (X tons), creating a X% share of total exports.

China was also the fastest-growing in terms of the ferro-titanium and ferro-silico-titanium exports, with a CAGR of X% from 2012 to 2023. South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest ferro-titanium and ferro-silico-titanium supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports in Eastern Asia

In 2023, supplies from abroad of ferro-titanium and ferro-silico-titanium decreased by X% to X tons, falling for the fourth consecutive year after six years of growth. Over the period under review, imports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, ferro-titanium and ferro-silico-titanium imports dropped remarkably to $X in 2023. Overall, imports, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then contracted markedly in the following year.

Imports by Country

Japan (X tons) and South Korea (X tons) dominates imports structure, together making up X% of total imports. Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Hong Kong SAR (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 Eastern Asia were Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports. Hong Kong SAR lagged somewhat behind, comprising a further X%.

Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the import price in Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform