Australia: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Australia

The Australian titanium dioxide pigments market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption showed a prominent increase. Titanium dioxide pigments consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Titanium Dioxide Pigments Production in Australia

In value terms, titanium dioxide pigments production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 remained at a lower figure.

Titanium Dioxide Pigments Exports

Exports from Australia

In 2022, exports of titanium dioxide pigments and colouring preparations from Australia fell dramatically to X tons, dropping by X% against 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, titanium dioxide pigments exports contracted to $X in 2022. The total export value 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 throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

India (X tons), South Korea (X tons) and China (X tons) were the main destinations of titanium dioxide pigments exports from Australia, together comprising X% of total exports. Belgium, the United States, Thailand, the Philippines, Vietnam, Indonesia, Malaysia, Japan, Taiwan (Chinese) and New Zealand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for titanium dioxide pigments and colouring preparations exports from Australia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

Export Prices by Country

The average titanium dioxide pigments export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were New Zealand ($X per ton) and Thailand ($X per ton), while the average price for exports to Belgium ($X per ton) and Japan ($X per ton) were amongst the lowest.

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

Titanium Dioxide Pigments Imports

Imports into Australia

In 2022, approx. X tons of titanium dioxide pigments and colouring preparations were imported into Australia; dropping by X% against the previous year's figure. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, titanium dioxide pigments imports dropped to $X in 2022. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of titanium dioxide pigments to Australia, accounting for a X% share of total imports. Moreover, titanium dioxide pigments imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest titanium dioxide pigments suppliers to Australia were China ($X), Saudi Arabia ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. The United States, Mexico, Thailand, Malaysia and the UK lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average titanium dioxide pigments import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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