Key Market Indicators
Demand for Titanium in New Zealand is set to reach $402,510 by 2026. This represents a 2.6% compound annual growth rate (CAGR) since 2021, when it was valued at $344,940. This demand has been growing since 1994, at an average 6.6% year-on-year. In 2021, New Zealand ranked 41st in the world for Titanium demand, with Morocco taking the lead at $344,940. France, the United Kingdom and Italy came in second, third and fourth respectively. Supply of Titanium in New Zealand is set to reach 2,280 kilograms by 2026. This is a decrease of 4.6% year-on-year on average since 2021, when it was 2,990 kilograms. Since 2006, New Zealand's supply has been falling, at an average 2.8% year-on-year. In 2021, Hungary outstripped New Zealand at 2,990 kilograms, placing New Zealand in 52nd place. The United States, Kazakhstan and Germany took the second, third and fourth spots respectively.
