Peru: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Peru

In 2022, the Peruvian titanium dioxide pigments market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value 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. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Titanium Dioxide Pigments Production in Peru

In value terms, titanium dioxide pigments production dropped to $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 attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Titanium Dioxide Pigments Exports

Exports from Peru

In 2022, titanium dioxide pigments exports from Peru skyrocketed to X tons, rising by X% compared with the previous year's figure. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, titanium dioxide pigments exports skyrocketed to $X in 2022. Overall, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

El Salvador (X tons), Mexico (X tons) and Chile (X tons) were the main destinations of titanium dioxide pigments exports from Peru, with a combined X% share of total exports.

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

In value terms, the largest markets for titanium dioxide pigments exported from Peru were El Salvador ($X), Mexico ($X) and Chile ($X), with a combined X% share of total exports.

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

Export Prices by Country

In 2022, the average titanium dioxide pigments export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced reduction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Portugal ($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 Portugal (X%), while the prices for the other major destinations experienced mixed trend patterns.

Titanium Dioxide Pigments Imports

Imports into Peru

In 2022, imports of titanium dioxide pigments and colouring preparations into Peru dropped to X tons, which is down by X% on the previous year's figure. 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 most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, titanium dioxide pigments imports skyrocketed to $X in 2022. In general, total imports indicated a measured 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 hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Chile (X tons) were the main suppliers of titanium dioxide pigments imports to Peru, with a combined X% share of total imports. Mexico, Vietnam, Colombia, Germany, Brazil and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest titanium dioxide pigments suppliers to Peru were China ($X), the United States ($X) and Chile ($X), with a combined X% share of total imports. Mexico, Germany, Colombia, Brazil, Belgium and Vietnam lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw 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. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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