Status of Titanium Alloy Industry Chain

The domestic titanium industry is highly concentrated. According to the statistical data of the Titanium, Zirconium, and Hafnium Department, Nonferrous Metal Society of China, in 2020, The sales volume of titanium materials of the top 10 major titanium material manufacturers in China accounts for 80% of the total sales volume, the sales volume of titanium materials of the top five major titanium material manufacturers accounted for 60% of the total sales volume, with a slight increase year-on-year. In the aerospace field, with the rapid growth of the demand for titanium in recent years, the concentration of the titanium industry in the aerospace field has decreased. In the aerospace field, in 2020, the sales of titanium materials of the top five domestic enterprises accounted for 72% of the total sales, and the sales of titanium materials of the top three enterprises accounted for 60% of the total sales.

According to the statistics of the Titanium, Zirconium, and Hafnium Department, Nonferrous Metal Society of China, there are more than 30 major domestic suppliers of titanium ingots and titanium materials.

In 2020, 33 major titanium ingot manufacturers in China produced 119900 tons of ingots, with a year-on-year increase of 35.2%, and 32 major titanium material manufacturers in China produced 97000 tons of titanium materials, a year-on-year increase of 28.9%, accounting for more than 50% of the global titanium material output.

According to the import and export data of domestic titanium materials, in 2020, the export volume of titanium materials is much larger than the import volume, and the import and export volume both decreased year on year. In 2020, the import volume of titanium materials was 6139 tons, a year-on-year decrease of 24.4%, and the export volume reached 15246 tons, a year-on-year decrease of 27.1%.

By item, in 2020, only titanium alloy wires used in high-end fields such as aerospace kept growing, reflecting that domestic titanium materials are still difficult to meet domestic demand in high-end fasteners and other fields; In 2020, although the import volume of titanium alloy thin plate and thick plate decreased slightly, it was basically stable, reflecting that China's titanium alloy thin plate and thick plate in the high-end field still depended on foreign countries.

At present, the batch stability of titanium alloy bars and wires for aviation fasteners, titanium alloy wide and thick slabs for ships, and other products for high-end demand in China still lags behind that of foreign countries, and they still need to be imported, With the continuous upgrading of equipment and technology of domestic titanium leading enterprises, there is a certain space for import substitution.

In terms of average price, in 2020, the average price of imported titanium materials will be 73900 US dollars/ton, and that of exported titanium materials will be 27500 US dollars/ton. The average price of imported and exported titanium materials may also reflect that there are more high-end titanium materials in the imported titanium materials, while the exports are mainly low-end titanium materials.