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Titanium ore: top exporters and importers (2024)

In 2024, world trade in titanium ore totaled $3.7 billion (7 million tonnes). The top exporters were Mozambique (26%), South Africa (15%) and Australia (13%); the top importers were China (40%), Japan (10%) and the United States (10%). Compared with 2019, the value rose 29%.

Summary

World trade
$3.7billion
Tonnes
7million tonnes
Price per tonne
$520
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Mozambique$949 million · 25.9%
  2. South Africa$555 million · 15.1%
  3. Australia$483 million · 13.2%
  4. Norway$223 million · 6.1%
  5. Sierra Leone$176 million · 4.8%
  6. Madagascar$173 million · 4.7%
  7. Senegal$168 million · 4.6%
  8. Canada$162 million · 4.4%
  9. India$140 million · 3.8%
  10. Kenya$106 million · 2.9%
  11. Ukraine$91 million · 2.5%
  12. Nigeria$77 million · 2.1%
  13. China$66 million · 1.8%
  14. Vietnam$61 million · 1.7%
  15. Egypt$44 million · 1.2%
  16. Netherlands$30 million · 0.82%
    re-exports
  17. Malaysia$30 million · 0.81%
  18. Indonesia$28 million · 0.76%
  19. United States$19 million · 0.53%
  20. South Korea$14 million · 0.38%

World supply

Mozambique went from 0% to 25.9% of world exports of titanium ore

In 2024, Mozambique accounted for 25.9% of recorded world exports and the three largest exporters together for 54.1%. HHI: 1,236 out of 10,000; equivalent to 8 exporters of the same size.

Share of recorded exports, not of production: a country that produces a lot and consumes almost all of it may export little

Trend in supply

Share of world exports of the largest exporter and of the three largest

Share (%)

  • Largest exporter each year 25.9%
  • Three largest 54.1%

Source: CEPII BACI

Show the numbers
Year19952024
Largest exporter each year50.5%25.9%
Three largest74.2%54.1%

Countries where Mozambique sells more than half of what they buy

Countries that buy more than half of this product from its largest exporter, with its share.

Top importers

  1. China$1.5 billion · 40.4%
  2. Japan$352 million · 9.6%
  3. United States$349 million · 9.5%
  4. Germany$218 million · 6%
  5. United Kingdom$145 million · 4%
  6. Belgium$143 million · 3.9%
    re-exports
  7. Mexico$106 million · 2.9%
  8. Saudi Arabia$103 million · 2.8%
  9. Canada$95 million · 2.6%
  10. Norway$90 million · 2.5%
  11. Netherlands$80 million · 2.2%
    re-exports
  12. Malaysia$73 million · 2%
  13. South Korea$60 million · 1.6%
  14. India$58 million · 1.6%
  15. Russia$33 million · 0.91%
  16. Spain$26 million · 0.71%
  17. Czechia$26 million · 0.7%
  18. Kazakhstan$22 million · 0.61%
  19. Brazil$22 million · 0.59%
  20. Poland$21 million · 0.57%

Trend

Who sells it

Mozambique has been the top exporter since 2024

Value in USD millions. The five largest exporters in 2024.

  • Mozambique 949
  • South Africa 555
  • Australia 483
  • Norway 223
  • Sierra Leone 176

Source: CEPII BACI

Show the numbers
Country19952024
Mozambique0949
South Africa92.5555
Australia332483
Norway63.6223
Sierra Leone5.9176

Price

Implied price

The price per tonne rose 170% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $520

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$193
1996$220
1997$236
1998$233
1999$242
2000$260
2001$233
2002$239
2003$261
2004$226
2005$263
2006$258
2007$285
2008$300
2009$296
2010$322
2011$369
2012$498
2013$459
2014$35
2015$340
2016$409
2017$323
2018$349
2019$378
2020$365
2021$430
2022$586
2023$488
2024$520

What it includes

  • 2614 · Titanium ore

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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