Estonia: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Estonia

After two years of growth, the Estonian titanium dioxide pigments market decreased by X% to $X in 2022. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then declined dramatically in the following year.

Titanium Dioxide Pigments Production in Estonia

In value terms, titanium dioxide pigments production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a remarkable increase. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Titanium Dioxide Pigments Exports

Exports from Estonia

For the fourth consecutive year, Estonia recorded growth in shipments abroad of titanium dioxide pigments and colouring preparations, which increased by X% to X tons in 2022. Overall, exports showed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, titanium dioxide pigments exports surged to $X in 2022. Over the period under review, exports enjoyed resilient growth. 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 in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons) was the main destination for titanium dioxide pigments exports from Estonia, with a X% share of total exports. Moreover, titanium dioxide pigments exports to Russia exceeded the volume sent to the second major destination, Belarus (X tons), fourfold. Finland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Finland (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Finland (X% per year).

Export Prices by Country

The average titanium dioxide pigments export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, export price indicated a pronounced increase 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 decreased by X% against 2017 indices. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the 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 Belarus ($X per ton), while the average price for exports to Ireland ($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 Germany (X%), while the prices for the other major destinations experienced a decline.

Titanium Dioxide Pigments Imports

Imports into Estonia

In 2022, overseas purchases 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, total imports indicated a mild 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 increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then contracted slightly in the following year.

In value terms, titanium dioxide pigments imports expanded rapidly to $X in 2022. Over the period under review, imports, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Germany (X tons), Finland (X tons) and Lithuania (X tons) were the main suppliers of titanium dioxide pigments imports to Estonia, together accounting for X% of total imports. Slovenia, Sweden, the UK, Portugal and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Finland ($X) and Lithuania ($X) were the largest titanium dioxide pigments suppliers to Estonia, together accounting for X% of total imports. Slovenia, Sweden, the UK, Belgium and Portugal lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Slovenia, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 attained the maximum at $X per ton in 2018; afterwards, it flattened through to 2022.

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 Finland ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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