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Turkey - Titanium Dioxide Pigments and Colouring Preparations - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Turkey - Titanium Dioxide Pigments and Colouring Preparations - Market Analysis, Forecast, Size, Trends and Insights

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Sep 12, 2023

Price of Turkey's Titanium Dioxide Pigments Surges to $3,031/Ton

Turkey Titanium Dioxide Pigments Import Price in July 2023

In July 2023, the titanium dioxide pigments price amounted to $3,031 per ton (CIF, Turkey), picking up by 3.1% against the previous month. Overall, the import price, however, showed a mild decline. The most prominent rate of growth was recorded in May 2023 an increase of 4.6% month-to-month. The import price peaked at $3,652 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the UK ($4,050 per ton), while the price for China ($2,484 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Turkey Titanium Dioxide Pigments Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Titanium Dioxide Pigments in Turkey (USD per ton)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
United Kingdom3,6763,7014,0045,0704,1094,5624,2624,1044,0414,8654,5724,6114,050
Belgium3,9393,9873,9253,9163,9384,0533,9183,8233,8353,7403,9023,5123,778
Germany3,8193,9683,9453,8283,9194,2614,1074,2344,0143,7203,7793,3823,734
Netherlands3,2983,3723,3043,1713,2993,3743,3283,4243,4163,5333,4543,4303,432
Saudi Arabia3,1983,3723,5023,0693,0883,2633,4573,3372,9363,2233,2383,5963,231
Israel3,2292,9143,0632,7133,2122,8032,7792,6092,6662,5362,4602,6832,654
China3,5303,2723,2162,8812,5672,2912,2692,2152,2302,3102,3582,4312,484
Average3,6523,4953,4973,4743,1042,9192,8022,8802,7792,7952,9242,9393,031

Turkey Titanium Dioxide Pigments Import Prices by Type

Average prices varied noticeably amongst the major supplied products. In July 2023, the product with the highest price was pigments and preparations based on titanium dioxide (excluding those containing more than 80 % by weight of titanium dioxide) ($3,165 per ton), while the price for pigments and preparations based on titanium dioxide containing more than 80 % by weight of titanium dioxide amounted to $3,013 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by titanium dioxide pigments (excluding those containing more than 80 % by weight of titanium dioxide) (-1.5%).

Turkey Titanium Dioxide Pigments Imports

In July 2023, the amount of titanium dioxide pigments and colouring preparations imported into Turkey amounted to 16K tons, picking up by 13% against June 2023 figures. In general, total imports indicated a measured expansion from July 2022 to July 2023: its volume increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, imports decreased by -24.8% against May 2023 indices. The most prominent rate of growth was recorded in December 2022 with an increase of 41% m-o-m.

In value terms, titanium dioxide pigments imports skyrocketed to $47M (IndexBox estimates) in July 2023. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 with an increase of 39% against the previous month. As a result, imports reached the peak of $60M. From June 2023 to July 2023, the growth of imports failed to regain momentum.

Turkey Titanium Dioxide Pigments Imports by Type

In July 2023, pigments and preparations based on titanium dioxide containing more than 80 % by weight of titanium dioxide (14K tons) constituted the largest type of titanium dioxide pigments supplied to Turkey, accounting for a 88% share of total imports. Moreover, pigments and preparations based on titanium dioxide containing more than 80 % by weight of titanium dioxide exceeded the figures recorded for the second-largest type, pigments and preparations based on titanium dioxide (excluding those containing more than 80 % by weight of titanium dioxide) (1.9K tons), sevenfold.

From July 2022 to July 2023, the average monthly growth rate of the volume of import of pigments and preparations based on titanium dioxide containing more than 80 % by weight of titanium dioxide totaled +2.2%.

In value terms, pigments and preparations based on titanium dioxide containing more than 80 % by weight of titanium dioxide ($41M) constituted the largest type of titanium dioxide pigments supplied to Turkey, comprising 87% of total imports. The second position in the ranking was held by pigments and preparations based on titanium dioxide (excluding those containing more than 80 % by weight of titanium dioxide) ($6M), with a 13% share of total imports.

Turkey Titanium Dioxide Pigments Imports by Country

In July 2023, China (6.1K tons) constituted the largest supplier of titanium dioxide pigments to Turkey, accounting for a 40% share of total imports. Moreover, titanium dioxide pigments imports from China exceeded the figures recorded by the second-largest supplier, Mexico (2.6K tons), twofold. The third position in this ranking was held by Germany (1.3K tons), with an 8.1% share.

From July 2022 to July 2023, the average monthly growth rate of volume from China amounted to +3.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+3.8% per month) and Germany (+2.4% per month).

In value terms, the largest titanium dioxide pigments suppliers to Turkey were China ($15M), Mexico ($8.5M) and Germany ($4.7M), with a combined 60% share of total imports. the UK, Belgium, the Netherlands, Israel, Saudi Arabia, Slovenia and India lagged somewhat behind, together comprising a further 33%.

Among the main suppliers, India, with a CAGR of +28.6%, saw 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.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the titanium dioxide pigments market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20122415 - Pigments and preparations based on titanium dioxide containing . .80 % by weight of titanium dioxide
  • Prodcom 20122419 - Pigments and preparations based on titanium dioxide (excluding those containing . .80 % by weight of titanium dioxide)

Country coverage:

  • Turkey

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Turkey
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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