Key Market Indicators
Korea is set to be a major player in the titanium industry in the coming years. Exports are projected to reach 2.8 million kilograms by 2026, an increase of 2.4% year on year. This is an increase of 3.6% from the 1993 rate. The Netherlands overtook Korea in 2021, with 2.4 million kilograms, but the country still ranked 13th. The US, Kazakhstan and Germany followed in the rankings. Korean titanium imports are also set to increase, reaching $65.9 million by 2026. This equates to a 1.1% year on year increase. Since 1993, demand has grown by 10%. Russia was the top importer in 2021, with $61.9 million, while France, the UK and Italy followed in the rankings.