Australia: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Australia

In 2021, after six years of growth, there was significant decline in the Australian titanium dioxide pigments market, when its value decreased by -25.1% to $X. In general, consumption, however, showed a relatively flat trend pattern. Titanium dioxide pigments consumption peaked at $X in 2020, and then contracted dramatically in the following year.

Titanium Dioxide Pigments Production in Australia

In value terms, titanium dioxide pigments production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 23%. Titanium dioxide pigments production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Titanium Dioxide Pigments Exports

Exports from Australia

In 2021, after three years of decline, there was significant growth in overseas shipments of titanium dioxide pigments and colouring preparations, when their volume increased by 22% to X tons. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, titanium dioxide pigments exports soared to $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 32%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

India (X tons), China (X tons) and South Korea (X tons) were the main destinations of titanium dioxide pigments exports from Australia, together comprising 47% of total exports. These countries were followed by Thailand, the United States, the Philippines, Indonesia, Vietnam, Belgium, Malaysia, Japan, New Zealand and Pakistan, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +33.1%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and South Korea ($X) constituted the largest markets for titanium dioxide pigments exported from Australia worldwide, with a combined 46% share of total exports. These countries were followed by Thailand, the United States, the Philippines, Indonesia, Vietnam, Belgium, Malaysia, Japan, New Zealand and Pakistan, which together accounted for a further 42%.

Among the main countries of destination, the United States, with a CAGR of +30.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average titanium dioxide pigments export price amounted to $X per ton, increasing by 7.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 18% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per ton) and Vietnam ($X per ton), while the average price for exports to Belgium ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Titanium Dioxide Pigments Imports

Imports into Australia

In 2021, the amount of titanium dioxide pigments and colouring preparations imported into Australia declined modestly to X tons, flattening at 2020. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +19.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 31%. Imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, titanium dioxide pigments imports skyrocketed to $X in 2021. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 55%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of titanium dioxide pigments to Australia, accounting for a 39% share of total imports. Moreover, titanium dioxide pigments imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+54.3% per year) and Saudi Arabia (+33.0% per year).

In value terms, China ($X) constituted the largest supplier of titanium dioxide pigments and colouring preparations to Australia, comprising 39% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 16% share of total imports. It was followed by Saudi Arabia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+65.0% per year) and Saudi Arabia (+31.2% per year).

Import Prices by Country

The average titanium dioxide pigments import price stood at $X per ton in 2021, growing by 19% against the previous year. Overall, the import price, however, recorded a mild shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for the United States ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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