
China - Titanium Dioxide Pigments and Colouring Preparations - Market Analysis, Forecast, Size, Trends and Insights
Titanium Dioxide Pigment Price in China Bottoms at $2,408 per Ton
China Titanium Dioxide Pigments Export Price in September 2022
In September 2022, the titanium dioxide pigments price stood at $2,408 per ton (FOB, China), which is down by -9.8% against the previous month. Over the period under review, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in March 2022 when the average export price increased by 1% m-o-m. Over the period under review, the average export prices attained the peak figure at $3,054 per ton in April 2022; however, from May 2022 to September 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In September 2022, the countries with the highest prices were Russia ($2,560 per ton) and Colombia ($2,466 per ton), while the average price for exports to India ($2,235 per ton) and Canada ($2,323 per ton) were amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-2.2%), while the prices for the other major destinations experienced a decline.
China Titanium Dioxide Pigments Export Prices by Type
Average prices varied noticeably for the major types of exported product. In September 2022, the product with the highest price was pigments and preparations based on titanium dioxide (excluding those containing more than 80 % by weight of titanium dioxide) ($2,885 per ton), while the average price for exports of pigments and preparations based on titanium dioxide containing more than 80 % by weight of titanium dioxide amounted to $2,404 per ton.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: titanium dioxide pigments (excluding those containing more than 80 % by weight of titanium dioxide) (-0.7%).
China Titanium Dioxide Pigments Exports
In September 2022, shipments abroad of titanium dioxide pigments and colouring preparations decreased by -7.7% to 97K tons, falling for the second month in a row after two months of growth. In general, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in March 2022 with an increase of 43% m-o-m. As a result, the exports attained the peak of 146K tons. From April 2022 to September 2022, the growth of the exports remained at a lower figure.
In value terms, titanium dioxide pigments exports contracted markedly to $234M (IndexBox estimates) in September 2022. Over the period under review, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in March 2022 when exports increased by 44% month-to-month. As a result, the exports attained the peak of $443M. From April 2022 to September 2022, the growth of the exports remained at a somewhat lower figure.
China Titanium Dioxide Pigments Exports by Type
Pigments and preparations based on titanium dioxide containing more than 80 % by weight of titanium dioxide (96K tons) was the largest type of titanium dioxide pigments exported from China, accounting for a 99% share of total exports. It was followed by pigments and preparations based on titanium dioxide (excluding those containing more than 80 % by weight of titanium dioxide) (976 tons), with a 1% share of total exports.
From January 2022 to September 2022, the average monthly rate of growth in terms of the volume of export of pigments and preparations based on titanium dioxide containing more than 80 % by weight of titanium dioxide totaled -4.7%.
In value terms, pigments and preparations based on titanium dioxide containing more than 80 % by weight of titanium dioxide ($231M) remains the largest type of titanium dioxide pigments exported from China, comprising 99% of total exports. The second position in the ranking was taken by pigments and preparations based on titanium dioxide (excluding those containing more than 80 % by weight of titanium dioxide) ($2.8M), with a 1.2% share of total exports.
From January 2022 to September 2022, the average monthly growth rate of the export volume of pigments and preparations based on titanium dioxide containing more than 80 % by weight of titanium dioxide totaled -7.3%.
China Titanium Dioxide Pigments Exports by Country
India (15K tons) was the main destination for titanium dioxide pigments exports from China, accounting for a 15% share of total exports. Moreover, titanium dioxide pigments exports to India exceeded the volume sent to the second major destination, Brazil (7.4K tons), twofold. The third position in this ranking was taken by Russia (7.4K tons), with a 7.6% share.
From January 2022 to September 2022, the average monthly growth rate of volume to India was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Brazil (-4.2% per month) and Russia (+8.4% per month).
In value terms, India ($33M), Russia ($19M) and Brazil ($18M) constituted the largest markets for titanium dioxide pigments exported from China worldwide, with a combined 30% share of total exports. Egypt, South Korea, Vietnam, Indonesia, Canada, Turkey, the United Arab Emirates, Thailand, Malaysia and Colombia lagged somewhat behind, together comprising a further 36%.
Among the main countries of destination, Canada, with a CAGR of +7.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
This report provides an in-depth analysis of the titanium dioxide pigments market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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