Africa: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Africa

After two years of decline, the African titanium dioxide market increased by 15% to $X in 2021. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Titanium Dioxide Production in Africa

In value terms, titanium dioxide production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a mild shrinkage. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Titanium Dioxide Exports

Exports in Africa

Titanium dioxide exports declined to X tons in 2021, dropping by -14% on 2020. Overall, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 98% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, titanium dioxide exports fell to $X in 2021. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of 58% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, recording X tons, which was near 57% of total exports in 2021. Tunisia (X tons) ranks second in terms of the total exports with an 8.5% share, followed by Mali (7.3%), Morocco (5.5%), Kenya (5.3%) and Mauritius (5%). Sierra Leone (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to titanium dioxide exports from South Africa stood at -4.0%. At the same time, Tunisia (+39.7%) and Morocco (+1.8%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +39.7% from 2012-2021. By contrast, Sierra Leone (-3.5%), Mali (-4.3%), Mauritius (-6.9%) and Kenya (-8.5%) illustrated a downward trend over the same period. While the share of Tunisia (+8.2 p.p.) and Morocco (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Mauritius (-1.6 p.p.) and Kenya (-2.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest titanium dioxide supplier in Africa, comprising 53% of total exports. The second position in the ranking was taken by Tunisia ($X), with an 8.8% share of total exports. It was followed by Kenya, with an 8.3% share.

In South Africa, titanium dioxide exports shrank by an average annual rate of -9.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Tunisia (+29.0% per year) and Kenya (-1.7% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, picking up by 6.6% against the previous year. In general, the export price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2017 an increase of 24%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+7.4%), while the other leaders experienced a decline in the export price figures.

Titanium Dioxide Imports

Imports in Africa

In 2021, the amount of titanium dioxide imported in Africa declined rapidly to X tons, falling by -19.8% compared with the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 60%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, titanium dioxide imports dropped to $X in 2021. In general, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Nigeria (X tons) and South Africa (X tons) were the main importers of titanium dioxide in 2021, resulting at approx. 38% and 32% of total imports, respectively. It was distantly followed by Egypt (X tons), committing an 8.9% share of total imports. Algeria (X tons), Tanzania (X tons), Mauritania (X tons) and Uganda (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uganda (with a CAGR of +5.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium dioxide importing markets in Africa were South Africa ($X), Nigeria ($X) and Egypt ($X), together accounting for 74% of total imports. These countries were followed by Algeria, Tanzania, Uganda and Mauritania, which together accounted for a further 12%.

Mauritania, with a CAGR of +24.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, surging by 6.5% against the previous year. Overall, the import price, however, showed a noticeable setback. The pace of growth was the most pronounced in 2017 an increase of 18%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Algeria ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritania (+19.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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