Middle East: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in the Middle East

The Middle Eastern titanium dioxide market rose sharply to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Titanium Dioxide Production in the Middle East

In value terms, titanium dioxide production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Titanium Dioxide Exports

Exports in the Middle East

In 2022, shipments abroad of titanium dioxide increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, titanium dioxide exports rose sharply to $X in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia was the largest exporter of titanium dioxide in the Middle East, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), constituting a X% share of total exports. Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Saudi Arabia ($X) remains the largest titanium dioxide supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Saudi Arabia, titanium dioxide exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Jordan (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Titanium Dioxide Imports

Imports in the Middle East

In 2022, overseas purchases of titanium dioxide increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, imports recorded a pronounced increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, titanium dioxide imports expanded rapidly to $X in 2022. Total imports indicated a temperate 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons), Turkey (X tons) and the United Arab Emirates (X tons) represented the major importer of titanium dioxide in the Middle East, mixing up X% of total import. Iran (X tons) ranks next in terms of the total imports with an X% share, followed by Israel (X%).

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

In value terms, Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, saw 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 more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Israel ($X per ton) and Turkey ($X per ton), while Iran ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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