China's titanium processing industry development status analysis, high-end titanium still need a large number of imports

Titanium processing material output

In 2020, the sudden outbreak of COVID-19 had a severe impact on the world economy. The global economy, trade and investment suffered a severe setback, and the economic growth of major economies such as the United States, the European Union, Japan and China was divided.

In 2020, international aviation enterprises such as Boeing and Airbus, which have the largest demand for titanium materials, were affected by the once-in-a-century epidemic, and their orders were greatly reduced, which led to a sharp decline in international demand for titanium industry. Russia, for example, produced only 26,000 tons of titanium processed materials in the whole year, down 23.5 percent from 2019. But China's titanium industry stands out, titanium processing material output reached nearly 100,000 tons, accounting for more than 50% of the global titanium processing material output.

In terms of titanium product structure, according to statistical data, the output of titanium and titanium alloy plate in 2020 is 57,609 tons, an increase of 47.5% year-on-year, accounting for 59.2% of the total output of titanium materials in the year, of which the output of titanium belt coil accounts for more than half; The output of bar was 15,547 tons, up 16.9% year on year, accounting for about 16.0% of the annual titanium production; The production of pipes was 9,488 tons, down 6.5% from the same period last year, accounting for 9.8% of the annual titanium production. The output of forgings was 5660 tons, an increase of 7.3% year on year, accounting for 5.8% of the annual output of titanium materials, among which the output of titanium wire was 1198, the largest increase of 55%, and the output of other titanium products also increased by 11.2% year on year.