Singapore: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Singapore

The Singaporean titanium dioxide market shrank modestly to $X in 2022, approximately equating the previous year. In general, consumption saw a relatively flat trend pattern. Titanium dioxide consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Titanium Dioxide Production in Singapore

In value terms, titanium dioxide production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Titanium Dioxide Exports

Exports from Singapore

In 2022, the amount of titanium dioxide exported from Singapore shrank notably to X tons, reducing by X% compared with 2021. Over the period under review, exports saw a significant decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, titanium dioxide exports dropped markedly to $X in 2022. Overall, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), Myanmar (X tons) and Malaysia (X tons) were the main destinations of titanium dioxide exports from Singapore, with a combined X% share of total exports. South Korea, Pakistan, Bangladesh, Taiwan (Chinese), Japan, Vietnam and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X), Myanmar ($X) and Pakistan ($X) were the largest markets for titanium dioxide exported from Singapore worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Pakistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average titanium dioxide export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Indonesia ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Imports

Imports into Singapore

In 2022, approx. X tons of titanium dioxide were imported into Singapore; waning by X% compared with 2021. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, titanium dioxide imports reduced dramatically to $X in 2022. In general, imports faced a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of titanium dioxide imports to Singapore, together comprising X% of total imports. The United States, Canada, Australia and South Korea lagged somewhat behind, together accounting for a further X%.

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

In value terms, Japan ($X), the United States ($X) and China ($X) appeared to be the largest titanium dioxide suppliers to Singapore, together comprising X% of total imports. Canada, Malaysia, Australia and South Korea lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, recorded 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

The average titanium dioxide import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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