Titanium is an important structural metal developed in the 1950s, titanium tube refers to titanium as the raw material for tubing, titanium tube is lightweight, high strength, and superior mechanical properties. It is widely used in heat exchange equipment, such as tube heat exchanger, coil heat exchanger, serpentine tube heat exchanger, condenser, evaporator and conveying piping. Many nuclear power industry take titanium tube as its standard tube.
According to statistics, China's titanium ore resources are very rich, in 2021 China's titanium ore production is 2.857 million tonnes, accounting for 35% of the global titanium ore production, South Africa's production is 1 million tonnes, accounting for 12% of the world.
Titanium tube is one of the very important varieties in the titanium material family, and it is very widely used. From 2017-2021, China's titanium tube production is on the rise as a whole, and China's titanium tube production in 2021 is 15,402 tonnes, which is a substantial increase from 2020, with a growth rate of 62.33%.
Affected by the high cost, the apparent demand for titanium tubes in China has fluctuated and increased in the past five years, and the demand for titanium tubes in China's titanium tubes industry was 12,359 tonnes in 2023, an increase of more than 55% compared with 2022. With titanium in the ocean engineering, chemical industry, military industry, aerospace, medical and other fields of vigorous promotion, titanium tube demand into a period of rapid growth.
As the competitiveness of domestic titanium tube continues to improve, the trend of domestic substitution is obvious. The number of titanium tube exports is gradually greater than the number of imports, 2018-2023 titanium tube industry imports declined significantly, the number of exports is overall in the upward trend. 2023 first half of the number of titanium tube imports of 589 tonnes, the number of exports than the number of imports of more than 1,389 tonnes.
