Latvia: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Latvia

The Latvian titanium dioxide pigments market expanded remarkably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, saw a deep contraction. Titanium dioxide pigments consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Titanium Dioxide Pigments Production in Latvia

In value terms, titanium dioxide pigments production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Titanium Dioxide Pigments Exports

Exports from Latvia

For the sixth consecutive year, Latvia 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 significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, titanium dioxide pigments exports totaled $X in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Uzbekistan (X tons), Russia (X tons) and Lithuania (X tons) were the main destinations of titanium dioxide pigments exports from Latvia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for titanium dioxide pigments and colouring preparations exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports. It was followed by Lithuania, 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: Uzbekistan (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2022, the average titanium dioxide pigments export price amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, continues to indicate a notable increase. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Uzbekistan ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Pigments Imports

Imports into Latvia

For the third year in a row, Latvia recorded growth in supplies from abroad of titanium dioxide pigments and colouring preparations, which increased by X% to X tons in 2022. Overall, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, titanium dioxide pigments imports expanded rapidly to $X in 2022. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Belgium (X tons), China (X tons) and Lithuania (X tons) were the main suppliers of titanium dioxide pigments imports to Latvia, with a combined X% share of total imports. The Netherlands, Germany, the UK, the Czech Republic, Slovenia, Poland and Ukraine 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 the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium dioxide pigments suppliers to Latvia were China ($X), Belgium ($X) and Lithuania ($X), together accounting for X% of total imports. The Netherlands, Germany, the UK, the Czech Republic, Slovenia, Poland and Ukraine lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw 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

In 2022, the average titanium dioxide pigments import price amounted to $X per ton, 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 in 2022 and is expected to retain 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 Poland ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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