Year-by-year annual average price for titanium in USD/metric ton, sourced from U.S. Geological Survey, Mineral Commodity Summaries 2025. Titanium sponge (99.5%+ Ti); aerospace-grade feedstock price.
Titanium is essential for aerospace and defense manufacturing — commercial aircraft contain up to 15% titanium by weight. Medical implants require titanium's unique biocompatibility. Demand is driven primarily by Aerospace structural components and airframes, Military aircraft and naval vessels, Medical implants (hip, knee, dental). Supply is concentrated in China, Japan, Russia, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Titanium prices.
Titanium prices fell -4.2% from 2023's $12,000 per USD/metric ton to $11,500 per USD/metric ton in 2024.
Titanium prices fell -7.7% from 2022's $13,000 per USD/metric ton to $12,000 per USD/metric ton in 2023.
Titanium prices rose +13.0% from 2021's $11,500 per USD/metric ton to $13,000 per USD/metric ton in 2022. That was the highest 2022 reading in 10 years.
Titanium prices rose +6.5% from 2020's $10,800 per USD/metric ton to $11,500 per USD/metric ton in 2021.
Titanium prices fell -3.6% from 2019's $11,200 per USD/metric ton to $10,800 per USD/metric ton in 2020.
Movement summaries above are calculated directly from the annual averages shown in the table. Critical Minerals HQ does not attribute price moves to specific events except where backed by sourced reporting.
| Year | Average Price (USD/metric ton) | YoY Change |
|---|---|---|
| 2024 | $11,500 | -4.2% |
| 2023 | $12,000 | -7.7% |
| 2022 | $13,000 | +13.0% |
| 2021 | $11,500 | +6.5% |
| 2020 | $10,800 | -3.6% |
| 2019 | $11,200 | -2.6% |
| 2018 | $11,500 | +4.5% |
| 2017 | $11,000 | +4.8% |
| 2016 | $10,500 | -8.7% |
| 2015 | $11,500 | -4.2% |
| 2014 | $12,000 | +0.0% |
| 2013 | $12,000 | -4.0% |
| 2012 | $12,500 | -3.8% |
| 2011 | $13,000 | +13.0% |
| 2010 | $11,500 | +4.5% |
| 2009 | $11,000 | -26.7% |
| 2008 | $15,000 | +15.4% |
| 2007 | $13,000 | +8.3% |
| 2006 | $12,000 | +20.0% |
| 2005 | $10,000 | +17.6% |
| 2004 | $8,500 | +13.3% |
| 2003 | $7,500 | +7.1% |
| 2002 | $7,000 | -2.8% |
| 2001 | $7,200 | +2.9% |
| 2000 | $7,000 | — |
Source: U.S. Geological Survey, Mineral Commodity Summaries 2025. Titanium sponge (99.5%+ Ti); aerospace-grade feedstock price
The most recent annual average we track is $11,500 per USD/metric ton for 2024. Live spot prices are shown on the Titanium live-price page.
down -4.2% — from $12,000 per USD/metric ton in 2023 to $11,500 per USD/metric ton in 2024.
up +2.7% — from $11,200 per USD/metric ton in 2019 to $11,500 per USD/metric ton in 2024.
down -4.2% — from $12,000 per USD/metric ton in 2014 to $11,500 per USD/metric ton in 2024.
Titanium is essential for aerospace and defense manufacturing — commercial aircraft contain up to 15% titanium by weight. Medical implants require titanium's unique biocompatibility. Demand is driven primarily by Aerospace structural components and airframes, Military aircraft and naval vessels, Medical implants (hip, knee, dental). Supply is concentrated in China, Japan, Russia, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Titanium prices.
The highest annual average titanium price in our recorded series was $15,000 per USD/metric ton in 2008.
U.S. Geological Survey, Mineral Commodity Summaries 2025. Titanium sponge (99.5%+ Ti); aerospace-grade feedstock price