Colombia: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Colombia

In 2022, the Colombian titanium dioxide pigments market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a notable 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, consumption increased by X% against 2020 indices. Titanium dioxide pigments consumption peaked in 2022 and is likely to continue growth in years to come.

Titanium Dioxide Pigments Exports

Exports from Colombia

For the fourth year in a row, Colombia recorded growth in shipments abroad of titanium dioxide pigments and colouring preparations, which increased by X% to X tons in 2022. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, titanium dioxide pigments exports skyrocketed to $X in 2022. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Venezuela (X tons) was the main destination for titanium dioxide pigments exports from Colombia, with a X% share of total exports. Moreover, titanium dioxide pigments exports to Venezuela exceeded the volume sent to the second major destination, Ecuador (X tons), eightfold. Guatemala (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Venezuela amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Guatemala (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Venezuela totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Guatemala (X% per year).

Export Prices by Country

The average titanium dioxide pigments export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

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

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Titanium Dioxide Pigments Imports

Imports into Colombia

Titanium dioxide pigments imports into Colombia rose markedly to X tons in 2022, surging by X% against 2021 figures. 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 pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, titanium dioxide pigments imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a temperate increase 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 most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of titanium dioxide pigments imports to Colombia, together accounting for X% of total imports. Chile, Canada, Germany, Norway, Spain and Finland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium dioxide pigments suppliers to Colombia were China ($X), the United States ($X) and Mexico ($X), with a combined X% share of total imports. Chile, Germany, Canada, Norway, Spain and Finland lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, recorded the highest growth rate of 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, increasing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Finland ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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