Latin America and the Caribbean: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Latin America and the Caribbean

The Latin American titanium dioxide market dropped to $X in 2022, waning by X% against the previous year. In general, consumption saw a mild reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Titanium Dioxide Production in Latin America and the Caribbean

In value terms, titanium dioxide production reduced to $X in 2022 estimated in export price. In general, production, however, saw a slight setback. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Titanium Dioxide Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of titanium dioxide were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, titanium dioxide exports soared to $X in 2022. Over the period under review, exports, however, saw a noticeable setback. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Chile represented the key exporter of titanium dioxide in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Guatemala (X tons) ranks second in terms of the total exports with a X% share, followed by Mexico (X%), Brazil (X%) and Peru (X%). The following exporters - Costa Rica (X tons) and Antigua and Barbuda (X tons) - each amounted to an X% share of total exports.

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

In value terms, Chile ($X), Guatemala ($X) and Mexico ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Chile, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Costa Rica ($X per ton) was amongst the lowest.

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

Titanium Dioxide Imports

Imports in Latin America and the Caribbean

Titanium dioxide imports reduced rapidly to X tons in 2022, with a decrease of X% compared with the previous year. Over the period under review, imports saw a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, titanium dioxide imports declined to $X in 2022. In general, imports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil represented the major importing country with an import of around X tons, which reached X% of total imports. Mexico (X tons) held the second position in the ranking, distantly followed by El Salvador (X tons). All these countries together took near X% share of total imports. Colombia (X tons), Guatemala (X tons), Chile (X tons), Argentina (X tons), Ecuador (X tons) and Peru (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, El Salvador (X%), Peru (X%), Guatemala (X%) and Colombia (X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Ecuador (X%), Argentina (X%), Mexico (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), El Salvador (X p.p.), Guatemala (X p.p.), Colombia (X p.p.) and Peru (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (X p.p.) and Chile (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported titanium dioxide in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, titanium dioxide imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Chile ($X per ton) and Colombia ($X per ton), while Guatemala ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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