The current status of the titanium forgings market is mainly reflected in production, market demand, technological innovation and international competitiveness.
Production and market demand
In 2023, my country produced a total of 159,100 tons of titanium processed materials, a year-on-year increase of 5.3%. Among them, titanium forgings, as an important part of titanium processed materials, also maintained a steady growth in production. Although the domestic market is calm, the export growth momentum is strong. In the first half of this year, the export volume of titanium materials increased by 44% year-on-year. This growth is mainly due to the active exploration of overseas markets by domestic enterprises to seek new development opportunities.
Technological innovation and international competitiveness
In terms of technological innovation, the continuous improvement of domestic titanium production technology and the continuous expansion of industrial scale have provided a more solid guarantee for market supply. Specifically in the field of titanium forgings, technological innovation and product upgrading are the key to enhancing corporate competitiveness and adapting to changes in market demand. In addition, market competition has stimulated a variety of innovation models, such as a win-win development model, which effectively avoids duplicate construction and vicious competition.
International competitiveness
Faced with the calmness of the domestic market, domestic enterprises have turned their attention to overseas markets to seek new development opportunities. In the first half of this year, my country's titanium exports increased significantly, showing the strong competitiveness of China's titanium industry in the international market. This improvement in international competitiveness is not only due to the improvement of product quality and technology, but also due to the flexible response and active development of enterprises in the international market.
