Global Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size

In 2023, the global titanium dioxide pigments market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the global market remained at a somewhat lower figure.

Titanium Dioxide Pigments Production

In value terms, titanium dioxide pigments production expanded markedly to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, global production growth remained at a somewhat lower figure.

Titanium Dioxide Pigments Exports

Exports

In 2023, shipments abroad of titanium dioxide pigments and colouring preparations decreased by X% to X tons, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the global exports remained at a lower figure.

In value terms, titanium dioxide pigments exports dropped to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the global exports failed to regain momentum.

Exports by Country

China was the largest exporter of titanium dioxide pigments and colouring preparations in the world, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. Belgium (X tons) held the second position in the ranking, followed by the United States (X tons) and Germany (X tons). All these countries together held near X% share of total exports. The UK (X tons), Taiwan (Chinese) (X tons), Australia (X tons), Canada (X tons), Saudi Arabia (X tons), the Netherlands (X tons) and Spain (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, the Netherlands (X%), Canada (X%), Taiwan (Chinese) (X%) and Spain (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Belgium and the UK experienced a relatively flat trend pattern. By contrast, Australia (X%), Germany (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 Belgium, Germany and the United States saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, 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

In 2023, the average titanium dioxide pigments export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then fell in the following year.

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

From 2012 to 2023, 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

In 2023, supplies from abroad of titanium dioxide pigments and colouring preparations decreased by X% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of global imports remained at a somewhat lower figure.

In value terms, titanium dioxide pigments imports fell to $X in 2023. Overall, total imports indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X%. Global imports peaked at $X in 2022, and then contracted in the following year.

Imports by Country

India (X tons) and Belgium (X tons) represented roughly X% of total imports in 2023. It was followed by the United States (X tons), Germany (X tons) and Turkey (X tons), together generating a X% share of total imports. The following importers - Italy (X tons), South Korea (X tons), Brazil (X tons), France (X tons), Indonesia (X tons), Vietnam (X tons), China (X tons) and Mexico (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, India ($X), Belgium ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of global imports.

Among the main importing countries, Belgium, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the average titanium dioxide pigments import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price showed a mild shrinkage. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, 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