EU: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in the EU

In 2022, the EU titanium dioxide pigments market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Titanium Dioxide Pigments Production in the EU

In value terms, titanium dioxide pigments production stood at $X in 2022 estimated in export price. In general, production, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Titanium Dioxide Pigments Exports

Exports in the EU

After three years of growth, overseas shipments of titanium dioxide pigments and colouring preparations decreased by X% to X tons in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped rapidly in the following year.

In value terms, titanium dioxide pigments exports reduced to $X in 2022. Over the period under review, exports, however, showed a slight expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, Belgium (X tons), distantly followed by Germany (X tons), Spain (X tons), France (X tons) and Slovenia (X tons) represented the largest exporters of titanium dioxide pigments and colouring preparations, together committing X% of total exports. The following exporters - the Czech Republic (X tons) and Luxembourg (X tons) - together made up X% of total exports.

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

In value terms, the largest titanium dioxide pigments supplying countries in the European Union were Belgium ($X), Germany ($X) and France ($X), with a combined X% share of total exports. Spain, Slovenia, the Czech Republic and Luxembourg lagged somewhat behind, together comprising a further X%.

Luxembourg, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($X per ton) and Slovenia ($X per ton), while the Czech Republic ($X per ton) and Spain ($X per ton) were amongst the lowest.

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

Titanium Dioxide Pigments Imports

Imports in the EU

In 2022, after two years of growth, there was decline in purchases abroad of titanium dioxide pigments and colouring preparations, when their volume decreased by X% to X tons. Total imports indicated a buoyant 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 increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X%. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, titanium dioxide pigments imports reached $X in 2022. Total imports indicated a tangible 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 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Belgium (X tons) was the key importer of titanium dioxide pigments and colouring preparations, committing X% of total imports. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by Italy (X%), France (X%), the Netherlands (X%), Spain (X%) and Poland (X%).

Belgium was also the fastest-growing in terms of the titanium dioxide pigments and colouring preparations imports, with a CAGR of X% from 2012 to 2022. At the same time, the Netherlands (X%), Poland (X%), Spain (X%), France (X%) and Italy (X%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. While the share of Belgium (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of France (X p.p.), Italy (X p.p.) and Germany (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 the European Union were Belgium ($X), Germany ($X) and Italy ($X), together accounting for X% of total imports.

Among the main importing countries, Belgium, with a CAGR of X%, recorded the highest growth rate of 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 the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a slight contraction. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import 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 importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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