Overview of the Market for Titanium, unwrought, incl. sponge, powders, ingots and slabs in Singapore
In value terms, production of titanium, unwrought, incl. sponge, powders, ingots and slabs stood at $ in estimated in export prices. Over the period under review, production recorded a significant contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by % y-o-y. Over the period under review, production attained the maximum level at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.
The size of the market for titanium, unwrought, incl. sponge, powders, ingots and slabs in Singapore contracted markedly to $ in , with a decrease of -% 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, saw resilient growth. The pace of growth was the most pronounced in 2011 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to , consumption failed to regain the momentum.