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

Ferro-Titanium And Ferro-Silico-Titanium Market Size in ASEAN

In 2023, the ASEAN ferro-titanium and ferro-silico-titanium market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then dropped markedly in the following year.

Ferro-Titanium And Ferro-Silico-Titanium Production in ASEAN

In value terms, ferro-titanium and ferro-silico-titanium production fell modestly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth remained at a lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports in ASEAN

In 2023, shipments abroad of ferro-titanium and ferro-silico-titanium increased by X% to X tons, rising for the fifth consecutive year after three years of decline. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked in 2023 and is likely to continue growth in years to come.

In value terms, ferro-titanium and ferro-silico-titanium exports skyrocketed to $X in 2023. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2022 with an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

Exports by Country

The shipments of the one major exporters of ferro-titanium and ferro-silico-titanium, namely Singapore, represented more than two-thirds of total export.

Singapore 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. From 2012 to 2023, the share of Singapore increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) also remains the largest ferro-titanium and ferro-silico-titanium supplier in ASEAN.

From 2012 to 2023, the average annual growth rate of value in Singapore amounted to X%.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price, however, saw a notable increase. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then declined slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2023, the rate of growth in terms of prices for Singapore amounted to X% per year.

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports in ASEAN

After two years of growth, overseas purchases of ferro-titanium and ferro-silico-titanium decreased by X% to X tons in 2023. In general, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then shrank in the following year.

In value terms, ferro-titanium and ferro-silico-titanium imports contracted significantly to $X in 2023. Overall, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then contracted rapidly in the following year.

Imports by Country

Malaysia was the largest importing country with an import of about X tons, which recorded X% of total imports. Indonesia (X tons) held the second position in the ranking, distantly followed by Vietnam (X tons). All these countries together took near X% share of total imports. Thailand (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to ferro-titanium and ferro-silico-titanium imports into Malaysia stood at X%. At the same time, Vietnam (X%), Indonesia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Indonesia and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported ferro-titanium and ferro-silico-titanium in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Malaysia totaled X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the import price, however, enjoyed a noticeable expansion. 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 declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform