Austria: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Austria

The Austrian titanium dioxide market soared to $X in 2021, picking up by 16% against the previous year. In general, consumption recorded a buoyant increase. Titanium dioxide consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Titanium Dioxide Production in Austria

In value terms, titanium dioxide production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 127%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Titanium Dioxide Exports

Exports from Austria

In 2021, overseas shipments of titanium dioxide were finally on the rise to reach X tons after two years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 240% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, titanium dioxide exports surged to $X in 2021. Overall, exports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2017 when exports increased by 133% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Hungary (X tons), Germany (X tons) and Bulgaria (X tons) were the main destinations of titanium dioxide exports from Austria, with a combined 68% share of total exports. Belgium, the Czech Republic, the UK, Slovenia and the United States lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +50.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for titanium dioxide exported from Austria were Belgium ($X), Germany ($X) and Hungary ($X), together comprising 76% of total exports. These countries were followed by Bulgaria, the Czech Republic, the UK, the United States and Slovenia, which together accounted for a further 18%.

Slovenia, with a CAGR of +47.9%, saw the highest rates of growth with regard to 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 export price stood at $X per ton in 2021, dropping by -14.4% against the previous year. Over the period under review, the export price, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 129% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Imports

Imports into Austria

In 2021, purchases abroad of titanium dioxide was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 110% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, titanium dioxide imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 74% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest titanium dioxide supplier to Austria, accounting for a 60% share of total imports. Moreover, titanium dioxide imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. The third position in this ranking was held by Japan (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+193.8% per year) and Japan (+2.2% per year).

In value terms, Germany ($X) constituted the largest supplier of titanium dioxide to Austria, comprising 49% of total imports. The second position in the ranking was held by Japan ($X), with a 24% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.8% per year) and China (+5.8% per year).

Import Prices by Country

In 2021, the average titanium dioxide import price amounted to $X per ton, rising by 14% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 24%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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