Eastern Europe: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Eastern Europe

In 2022, the East European titanium dioxide market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when the market value increased by X%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Titanium Dioxide Production in Eastern Europe

In value terms, titanium dioxide production declined slightly to $X in 2022 estimated in export price. Overall, production saw a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Titanium Dioxide Exports

Exports in Eastern Europe

In 2022, the amount of titanium dioxide exported in Eastern Europe declined sharply to X tons, which is down by X% against the previous year. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, titanium dioxide exports fell remarkably to $X in 2022. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Poland (X tons) ranks second in terms of the total exports with a X% share, followed by Belarus (X%). The following exporters - Hungary (X tons), Russia (X tons) and Lithuania (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to titanium dioxide exports from the Czech Republic stood at X%. At the same time, Hungary (X%), Poland (X%), Lithuania (X%), Russia (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the Czech Republic, Poland, Belarus, Hungary, Russia and Lithuania increased by X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest titanium dioxide supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with an X% share of total exports. It was followed by Belarus, with a X% share.

In the Czech Republic, titanium dioxide 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: Poland (X% per year) and Belarus (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a moderate increase 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. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Lithuania ($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 more modest paces of growth.

Titanium Dioxide Imports

Imports in Eastern Europe

In 2022, supplies from abroad of titanium dioxide decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. Overall, imports recorded a perceptible setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, titanium dioxide imports reduced to $X in 2022. In general, imports recorded a perceptible setback. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) was the major importer of titanium dioxide, creating X% of total imports. Poland (X tons) took the second position in the ranking, distantly followed by Belarus (X tons), Romania (X tons), the Czech Republic (X tons) and Hungary (X tons). All these countries together took approx. X% share of total imports. Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Poland ($X), Russia ($X) and Belarus ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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