Global Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size

In 2022, the global titanium dioxide pigments market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a relatively flat trend pattern. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Titanium Dioxide Pigments Production

In value terms, titanium dioxide pigments production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Titanium Dioxide Pigments Exports

Exports

After three years of growth, overseas shipments of titanium dioxide pigments and colouring preparations decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, titanium dioxide pigments exports shrank to $X in 2022. Overall, total exports indicated measured 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

China represented the largest exporting country with an export of about X tons, which finished at X% of total exports. Belgium (X tons) ranks second in terms of the total exports with an X% share, followed by the United States (X%), Germany (X%) and the UK (X%). Australia (X tons), Canada (X tons), Taiwan (Chinese) (X tons), Spain (X tons), France (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

China 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, Spain (X%), Canada (X%), the UK (X%), Belgium (X%), Taiwan (Chinese) (X%) and Australia (X%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, France (X%), Saudi Arabia (X%) and the United States (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the global exports, while Germany and the United States saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest titanium dioxide pigments supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Belgium ($X), with an X% share of global exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and the United States (X% per year).

Export Prices by Country

The average titanium dioxide pigments export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

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

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

Titanium Dioxide Pigments Imports

Imports

After two years of growth, purchases abroad of titanium dioxide pigments and colouring preparations decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Global imports peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, titanium dioxide pigments imports expanded modestly to $X in 2022. Overall, total imports indicated measured 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 2018 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Belgium (X tons), India (X tons), the United States (X tons), Germany (X tons), Italy (X tons), Turkey (X tons), France (X tons), China (X tons), South Korea (X tons), Brazil (X tons), Mexico (X tons) and Russia (X tons) represented roughly X% of total imports in 2022. Indonesia (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest titanium dioxide pigments importing markets worldwide were India ($X), Belgium ($X) and Germany ($X), together accounting for X% of global imports.

Among the main importing countries, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global 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, rising by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Belgium ($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 other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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