Austria: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Austria

In 2021, the Austrian titanium dioxide pigments market decreased by -1.2% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption saw a relatively flat trend pattern. Titanium dioxide pigments consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Titanium Dioxide Pigments Production in Austria

In value terms, titanium dioxide pigments production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 377% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Titanium Dioxide Pigments Exports

Exports from Austria

For the third consecutive year, Austria recorded growth in shipments abroad of titanium dioxide pigments and colouring preparations, which increased by 29% to X tons in 2021. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 47%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, titanium dioxide pigments exports soared to $X in 2021. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 80% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Finland (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of titanium dioxide pigments exports from Austria, with a combined 46% share of total exports. These countries were followed by Poland, Hungary, Bulgaria, Russia, Spain, South Africa, Romania, the UK, Italy and Argentina, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +508.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Germany ($X) and the Czech Republic ($X) appeared to be the largest markets for titanium dioxide pigments exported from Austria worldwide, together comprising 45% of total exports. These countries were followed by Poland, Hungary, Bulgaria, Russia, South Africa, Spain, Romania, Italy, the UK and Argentina, which together accounted for a further 42%.

Argentina, with a CAGR of +303.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average titanium dioxide pigments export price stood at $X per ton in 2021, growing by 2.1% against the previous year. Overall, the export price, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2014 an increase of 22%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Bulgaria ($X per ton), while the average price for exports to Hungary ($X per ton) and the UK ($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 Poland (-0.9%), while the prices for the other major destinations experienced a decline.

Titanium Dioxide Pigments Imports

Imports into Austria

In 2021, approx. X tons of titanium dioxide pigments and colouring preparations were imported into Austria; leveling off at 2020. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, titanium dioxide pigments imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 30%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest titanium dioxide pigments supplier to Austria, accounting for a 38% share of total imports. Moreover, titanium dioxide pigments imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+23.0% per year) and Belgium (+11.0% per year).

In value terms, Germany ($X) constituted the largest supplier of titanium dioxide pigments and colouring preparations to Austria, comprising 43% of total imports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total imports. It was followed by the Czech Republic, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+9.7% per year) and the Czech Republic (+18.5% per year).

Import Prices by Country

In 2021, the average titanium dioxide pigments import price amounted to $X per ton, surging by 8.3% against the previous year. Over the period under review, the import price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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