Australia and Oceania: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Australia and Oceania

The titanium dioxide market in Australia and Oceania soared to $X in 2021, surging by 26% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Titanium Dioxide Production in Australia and Oceania

In value terms, titanium dioxide production soared to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. 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 Australia and Oceania

In 2021, overseas shipments of titanium dioxide decreased by -93.7% to X tons, falling for the fourth consecutive year after three years of growth. In general, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 39% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, titanium dioxide exports fell significantly to $X in 2021. Over the period under review, exports showed a dramatic setback. The pace of growth appeared the most rapid in 2016 with an increase of 19%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, finishing at X tons, which was near 88% of total exports in 2021. It was distantly followed by New Zealand (X tons), mixing up a 9.1% share of total exports. Fiji (X tons) took a minor share of total exports.

Exports from Australia decreased at an average annual rate of -31.6% from 2012 to 2021. At the same time, Fiji (+2.4%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +2.4% from 2012-2021. By contrast, New Zealand (-15.3%) illustrated a downward trend over the same period. New Zealand (+7.6 p.p.) and Fiji (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -10% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest titanium dioxide supplier in Australia and Oceania, comprising 87% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 9.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled -32.2%. In the other countries, the average annual rates were as follows: New Zealand (-16.6% per year) and Fiji (+4.4% per year).

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, growing by 39% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Fiji (+2.0%), while the other leaders experienced a decline in the export price figures.

Titanium Dioxide Imports

Imports in Australia and Oceania

In 2021, overseas purchases of titanium dioxide increased by 45% to X tons, rising for the second consecutive year after four years of decline. In general, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of 134%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, titanium dioxide imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt slump. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Australia (X tons) was the largest importer of titanium dioxide, making up 63% of total imports. It was distantly followed by New Zealand (X tons), mixing up a 33% share of total imports. Fiji (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by New Zealand (with a CAGR of -5.8%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Australia ($X), New Zealand ($X) and Fiji ($X) were the countries with the highest levels of imports in 2021, together comprising 99% of total imports.

New Zealand, with a CAGR of -6.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, jumping by 52% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Fiji ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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