China's Titanium Wire Market Has Vast Space

First, the titanium wire industry chain
Titanium wire industry chain upstream for the titanium ore, titanium ore is a mineral containing a large number of titanium ores, China's main use of ilmenite, rutile and titanium magnetite. Titanium wire is widely used in aerospace, petrochemical, medical and health, automotive, construction, and sports and leisure goods and many other fields.
Second, China's titanium wire industry production status analysis
Pure titanium is a silver-white metal, it has many excellent properties. Mechanical strength but similar to steel, twice as big as aluminium, five times bigger than magnesium. Titanium is resistant to high temperature, melting point 1942K, nearly 1000K higher than gold, nearly 500K higher than steel.In recent years, China's production of titanium processed material has been growing, as of 2020 China's production of titanium processed material was 97,000 tonnes, an increase of 28.9% year-on-year.
Titanium wire has good organisational properties with high dimensional accuracy, straightness and other characteristics, according to the China Nonferrous Metals Industry Association of 33 enterprises data statistics, as of 2020 China's titanium wire production of 1198 tons, an increase of 55%.
Related report: Huajing Industry Research Institute released the "2021-2026 China titanium market development outlook forecast and investment strategy consulting report".
Third, China's titanium wire import and export status analysis
In terms of import and export volume, China's titanium wire exports are larger than imports, and China's titanium wire imports rose overall in 2015-2020, with increasing foreign dependence. According to statistics, from January to May 2021, China's titanium wire imports were 82.48 tonnes, a year-on-year decline of 8.48%, and exports were 171.69 tonnes, a year-on-year decline of 42.22%.
In terms of import and export amount, according to statistics, as of January-May 2021 China's titanium wire import amounted to 8.5604 million US dollars, an increase of 25.51% year-on-year, and export amounted to 5.814 million US dollars, a year-on-year decline of 41.54%.
From the distribution of China's titanium wire imports from the source of imports, the United States is the main source of imports of titanium wire in China, in 2020, imports of U.S. titanium wire 16,134,500 U.S. dollars, accounting for 82.51% of the total amount of imports; followed by imports of titanium wire from Japan, the Netherlands, Germany, imports accounted for 13.42%, 1.47% and 0.84%, respectively.
From the distribution of China's titanium wire export destination exports, Canada is the main export destination of China's titanium wire, titanium wire exported to Canada in 2020 12,220,600 U.S. dollars, accounting for 69.5% of the total exports. Exported to the United States 955,400 U.S. dollars, exported to Japan 807,700 U.S. dollars.
Guangdong Province, Jiangsu Province, Shaanxi Province is China's titanium wire main import area, according to statistics, in 2020, Guangdong Province titanium wire imports of 9,169,500 U.S. dollars, Jiangsu Province titanium wire imports of 3,779,100 U.S. dollars, Shaanxi Province titanium wire imports of 3,391,800 U.S. dollars.
From the titanium wire export value of China's provinces and cities, the titanium wire export value of Shaanxi Province in 2020 is 15,177,200 U.S. dollars, accounting for 86.3% of the total export value, ranking steadily in the first place in the country.
Fourth, titanium wire industry barriers to entry analysis
"Fourteen-Five" period of China's titanium wire industry main barriers to entry are technical barriers, financial barriers, policy barriers and other barriers, other barriers mainly include downstream customers tend to choose their own trusted enterprises, new entrants to obtain the trust of downstream customers need a longer period of time, need to invest in the cost of more than the first entrants.