Scandinavia: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Scandinavia

The Scandinavia titanium dioxide pigments market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption recorded a mild descent. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Titanium Dioxide Pigments Production in Scandinavia

In value terms, titanium dioxide pigments production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a abrupt descent. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Titanium Dioxide Pigments Exports

Exports in Scandinavia

In 2022, overseas shipments of titanium dioxide pigments and colouring preparations decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a drastic downturn. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, titanium dioxide pigments exports expanded slightly to $X in 2022. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Norway (X tons) was the largest exporter of titanium dioxide pigments and colouring preparations, committing X% of total exports. It was distantly followed by Sweden (X tons), mixing up a X% share of total exports.

Norway was also the fastest-growing in terms of the titanium dioxide pigments and colouring preparations exports, with a CAGR of X% from 2012 to 2022. At the same time, Sweden (X%) displayed positive paces of growth. From 2012 to 2022, the share of Norway and Sweden increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest titanium dioxide pigments supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Norway totaled X%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Titanium Dioxide Pigments Imports

Imports in Scandinavia

Titanium dioxide pigments imports reduced markedly to X tons in 2022, waning by X% on 2021. In general, imports showed a relatively flat trend pattern. 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 tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, titanium dioxide pigments imports contracted slightly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X tons) was the main importer of titanium dioxide pigments and colouring preparations, generating X% of total imports. It was distantly followed by Finland (X tons) and Norway (X tons), together creating a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to titanium dioxide pigments imports into Sweden stood at X%. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2022. While the share of Finland (X p.p.) and Norway (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported titanium dioxide pigments and colouring preparations in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

In Sweden, titanium dioxide pigments imports plunged by 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: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. 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 noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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