Report Update: May 1, 2024

Thailand - Titanium Dioxide - Market Analysis, Forecast, Size, Trends And Insights

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Titanium Dioxide Price in Thailand - 2023

Titanium Dioxide Price in Thailand (CIF) - 2022

In 2022, the average titanium dioxide import price amounted to $2,861 per ton, declining by -6.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. The import price peaked at $3,140 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,267 per ton), while the price for China ($2,579 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Titanium Dioxide Price in Thailand (FOB) - 2022

In 2022, the average titanium dioxide export price amounted to $2,534 per ton, with an increase of 9.8% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the peak figure at $4,695 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($8,594 per ton), while the average price for exports to Cambodia stood at $2,072 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Imports in Thailand

In 2022, approx. 3.4K tons of titanium dioxide were imported into Thailand; which is down by -10.4% compared with the year before. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 26%. As a result, imports attained the peak of 3.8K tons, and then reduced in the following year.

In value terms, titanium dioxide imports declined dramatically to $9.8M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, imports attained the peak of $12M, and then shrank markedly in the following year.

Import of Titanium Dioxide in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.9	3.7	7.3	6.4	18.0%
Japan	0.8	1.2	2.4	1.6	26.0%
South Korea	0.3	0.2	0.3	0.6	26.0%
United States	0.2	0.5	0.6	0.4	26.0%
United Kingdom	0.2	0.3	0.5	0.3	14.5%
Germany	2.3	1.5	0.1	0.2	-55.7%
Others	0.4	0.5	0.5	0.4	0.0%
Total	8.0	7.9	11.7	9.8	7.0%

Top Suppliers of Titanium Dioxide to Thailand in 2022:

China (2467.7 tons)
Japan (489.0 tons)
South Korea (176.5 tons)
United States (103.6 tons)
United Kingdom (68.5 tons)
Germany (42.0 tons)

Titanium Dioxide Exports in Thailand

In 2022, the amount of titanium dioxide exported from Thailand plummeted to 97 tons, which is down by -44.8% against the previous year's figure. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 855%. As a result, the exports reached the peak of 176 tons, and then fell dramatically in the following year.

In value terms, titanium dioxide exports declined rapidly to $246K in 2022. In general, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 369%. As a result, the exports reached the peak of $406K, and then contracted sharply in the following year.

Export of Titanium Dioxide in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cambodia	47.9	27.7	357	201	61.3%
Vietnam	0.6	26.6	22.9	40.3	306.5%
Japan	N/A	14.6	N/A	N/A	0%
Myanmar	32.2	6.0	6.0	N/A	-56.8%
Netherlands	89.3	N/A	N/A	N/A	0%
Others	8.9	11.6	19.9	5.2	-16.4%
Total	179	86.5	406	246	11.2%

Top Export Markets for Titanium Dioxide from Thailand in 2022:

Cambodia (96.9 tons)
Vietnam (4.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the titanium dioxide market in Thailand. 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.

Product coverage:

Prodcom 20121150 - Titanium oxides

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023