Portugal: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Portugal

The Portuguese titanium dioxide pigments market dropped modestly to $X in 2022, leveling off at the previous year. In general, the total consumption indicated a strong 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, consumption increased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Titanium Dioxide Pigments Production in Portugal

In value terms, titanium dioxide pigments production contracted dramatically to $X in 2022 estimated in export price. Over the period under review, production faced a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Titanium dioxide pigments production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Titanium Dioxide Pigments Exports

Exports from Portugal

For the fourth year in a row, Portugal recorded growth in overseas shipments of titanium dioxide pigments and colouring preparations, which increased by X% to X tons in 2022. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, titanium dioxide pigments exports expanded sharply to $X in 2022. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for titanium dioxide pigments exports from Portugal, with a X% share of total exports. Moreover, titanium dioxide pigments exports to Spain exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by Angola (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Angola (X% per year).

In value terms, Spain ($X) remains the key foreign market for titanium dioxide pigments and colouring preparations exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Angola (X% per year).

Export Prices by Country

The average titanium dioxide pigments export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, export price indicated a mild expansion 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. Based on 2022 figures, titanium dioxide pigments export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Angola ($X per ton) and Mozambique ($X per ton), while the average price for exports to Spain ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Pigments Imports

Imports into Portugal

In 2022, supplies from abroad of titanium dioxide pigments and colouring preparations decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a prominent 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, titanium dioxide pigments imports reached $X in 2022. Overall, total imports indicated buoyant growth 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 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Belgium (X tons) and Spain (X tons) were the main suppliers of titanium dioxide pigments imports to Portugal, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (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 Portugal were Belgium ($X), China ($X) and Spain ($X), with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average titanium dioxide pigments import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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