Market for Titanium Ore and Concentrate in the United Arab Emirates
Market Overview
The titanium ore and concentrate market in the United Arab Emirates fell to $
in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded significant growth. Over the period under review, the market hit record highs at $ in 2019; however, from to , consumption failed to regain momentum.
In value terms, titanium ore and concentrate production shrank to $ in estimated in export price. Overall, the total production indicated a buoyant expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against indices. The most prominent rate of growth was recorded in 2011 when the production volume increased by %. Titanium ore and concentrate production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded significant growth. Over the period under review, the market hit record highs at $ in 2019; however, from to , consumption failed to regain momentum.In value terms, titanium ore and concentrate production shrank to $
in estimated in export price. Overall, the total production indicated a buoyant expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against indices. The most prominent rate of growth was recorded in 2011 when the production volume increased by %. Titanium ore and concentrate production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.Consumption
In , approx. tons of titanium ores and concentrates were consumed in the United Arab Emirates; with a decrease of -% compared with the previous year. In general, consumption, however, posted a significant increase. Over the period under review, consumption hit record highs at tons in 2019; however, from to , consumption remained at a lower figure.
The revenue of the titanium ore and concentrate market in the United Arab Emirates shrank to $ in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed significant growth. Titanium ore and concentrate consumption peaked at $ in 2019; however, from to , consumption failed to regain momentum.
, approx. tons of titanium ores and concentrates were consumed in the United Arab Emirates; with a decrease of -% compared with the previous year. In general, consumption, however, posted a significant increase. Over the period under review, consumption hit record highs at tons in 2019; however, from to , consumption remained at a lower figure.The revenue of the titanium ore and concentrate market in the United Arab Emirates shrank to $
in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed significant growth. Titanium ore and concentrate consumption peaked at $ in 2019; however, from to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for titanium ores and concentrates in the United Arab Emirates, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Trade Balance
The United Arab Emirates remains a net importer of titanium ore and concentrate; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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