Belgium: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Belgium

The Belgian titanium dioxide market declined to $X in 2021, waning by -11.1% against the previous year. Overall, consumption continues to indicate a abrupt curtailment. Titanium dioxide consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Titanium Dioxide Production in Belgium

In value terms, titanium dioxide production shrank to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. Titanium dioxide production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Titanium Dioxide Exports

Exports from Belgium

In 2021, shipments abroad of titanium dioxide decreased by -5.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a noticeable descent. The most prominent rate of growth was recorded in 2019 with an increase of 101% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, titanium dioxide exports dropped modestly to $X in 2021. Over the period under review, exports saw a pronounced downturn. The pace of growth was the most pronounced in 2020 with an increase of 98% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main destinations of titanium dioxide exports from Belgium, together accounting for 64% of total exports. These countries were followed by France, Japan, the Netherlands and Denmark, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +7.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the United States ($X) and China ($X) were the largest markets for titanium dioxide exported from Belgium worldwide, with a combined 60% share of total exports. These countries were followed by France, Japan, the Netherlands and Denmark, which together accounted for a further 31%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +7.4%, 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 a decline.

Export Prices by Country

In 2021, the average titanium dioxide export price amounted to $X per ton, rising by 3.4% against the previous year. Overall, the export price, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Germany ($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 Denmark (+1.4%), while the prices for the other major destinations experienced a decline.

Titanium Dioxide Imports

Imports into Belgium

After two years of growth, purchases abroad of titanium dioxide decreased by -13.8% to X tons in 2021. Over the period under review, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 74% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, titanium dioxide imports declined to $X in 2021. In general, imports saw a pronounced slump. The pace of growth appeared the most rapid in 2020 when imports increased by 59%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of titanium dioxide to Belgium, with a 63% share of total imports. Moreover, titanium dioxide imports from France exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Canada (X tons), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.9% per year) and Canada (+123.1% per year).

In value terms, France ($X) constituted the largest supplier of titanium dioxide to Belgium, comprising 63% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Canada, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from France stood at -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.8% per year) and Canada (+124.9% per year).

Import Prices by Country

The average titanium dioxide import price stood at $X per ton in 2021, growing by 6% against the previous year. In general, the import price, however, showed a slight descent. The pace of growth appeared the most rapid in 2016 when the average import price increased by 42% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Netherlands ($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 UK (+13.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :