Asia-Pacific: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Asia-Pacific

In 2022, the Asia-Pacific titanium dioxide pigments market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Titanium Dioxide Pigments Production in Asia-Pacific

In value terms, titanium dioxide pigments production totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Titanium Dioxide Pigments Exports

Exports in Asia-Pacific

In 2022, overseas shipments of titanium dioxide pigments and colouring preparations decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced slightly in the following year.

In value terms, titanium dioxide pigments exports fell modestly to $X in 2022. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

China prevails in exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Australia (X tons) and Taiwan (Chinese) (X tons), together making up a X% share of total exports. Malaysia (X tons), Japan (X tons) and India (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the titanium dioxide pigments and colouring preparations exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Taiwan (Chinese) (X%) and Australia (X%) displayed positive paces of growth. India and Japan experienced a relatively flat trend pattern. China (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, India, Japan, Taiwan (Chinese) and Australia saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest titanium dioxide pigments supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, titanium dioxide pigments exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Titanium Dioxide Pigments Imports

Imports in Asia-Pacific

In 2022, the amount of titanium dioxide pigments and colouring preparations imported in Asia-Pacific shrank to X tons, with a decrease of X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, titanium dioxide pigments imports fell modestly to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, India (X tons), distantly followed by China (X tons), South Korea (X tons), Indonesia (X tons), Vietnam (X tons), Thailand (X tons) and Singapore (X tons) represented the key importers of titanium dioxide pigments and colouring preparations, together constituting X% of total imports. The following importers - Japan (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons), the Philippines (X tons), Pakistan (X tons) and Bangladesh (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to titanium dioxide pigments imports into India stood at X%. At the same time, Vietnam (X%), Bangladesh (X%), the Philippines (X%), Singapore (X%), Pakistan (X%), Indonesia (X%), Taiwan (Chinese) (X%), South Korea (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Malaysia and Japan experienced a relatively flat trend pattern. By contrast, China (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Vietnam (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.), Malaysia (X p.p.), Japan (X p.p.), South Korea (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest titanium dioxide pigments importing markets in Asia-Pacific were India ($X), China ($X) and South Korea ($X), with a combined X% share of total imports. Vietnam, Thailand, Indonesia, Singapore, Taiwan (Chinese), Japan, Malaysia, the Philippines, Pakistan and Bangladesh lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in China ($X per ton) and Vietnam ($X per ton), while Bangladesh ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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