CIS: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in CIS

The CIS titanium dioxide market declined modestly to $X in 2022, stabilizing at the previous year. Over the period under review, consumption continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Titanium Dioxide Production in CIS

In value terms, titanium dioxide production reduced slightly to $X in 2022 estimated in export price. In general, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Titanium Dioxide Exports

Exports in CIS

In 2022, approx. X tons of titanium dioxide were exported in the CIS; increasing by X% on the year before. Over the period under review, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, titanium dioxide exports surged to $X in 2022. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Armenia was the major exporter of titanium dioxide in the CIS, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Belarus (X tons) and Russia (X tons), together achieving a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Armenia ($X) emerged as the largest titanium dioxide supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

In Armenia, titanium dioxide exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, surging by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price 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, titanium dioxide export price increased by X% against 2018 indices. The growth pace was the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (X%), while the other leaders experienced mixed trends in the export price figures.

Titanium Dioxide Imports

Imports in CIS

In 2022, supplies from abroad of titanium dioxide was finally on the rise to reach X tons after four years of decline. In general, imports, however, saw a mild setback. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, titanium dioxide imports surged to $X in 2022. Overall, imports, however, continue to indicate a noticeable setback. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) represented the main importer of titanium dioxide, constituting X% of total imports. Belarus (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (X%) and Armenia (X%).

From 2012 to 2022, average annual rates of growth with regard to titanium dioxide imports into Russia stood at X%. At the same time, Armenia (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Belarus experienced a relatively flat trend pattern. From 2012 to 2022, the share of Armenia and Uzbekistan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Belarus ($X) and Uzbekistan ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Armenia lagged somewhat behind, accounting for a further X%.

Armenia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then fell notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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