Benelux: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Benelux

In 2021, the Benelux titanium dioxide pigments market decreased by -43.2% to $X, falling for the second consecutive year after five years of growth. Over the period under review, consumption showed a abrupt descent. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Titanium Dioxide Pigments Production in Benelux

In value terms, titanium dioxide pigments production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible downturn. The pace of growth was the most pronounced in 2018 with an increase of 50% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Titanium Dioxide Pigments Exports

Exports in Benelux

In 2021, shipments abroad of titanium dioxide pigments and colouring preparations increased by 24% to X tons, rising for the fourth consecutive year after four years of decline. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 98%. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, titanium dioxide pigments exports skyrocketed to $X in 2021. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 96% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Belgium represented the key exporting country with an export of around X tons, which amounted to 70% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a 23% share, followed by Luxembourg (6.5%).

From 2012 to 2021, average annual rates of growth with regard to titanium dioxide pigments exports from Belgium stood at +4.1%. At the same time, Luxembourg (+273.3%) and the Netherlands (+32.7%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +273.3% from 2012-2021. From 2012 to 2021, the share of the Netherlands and Luxembourg increased by +20 and +6.5 percentage points, respectively.

In value terms, Belgium ($X) remains the largest titanium dioxide pigments supplier in Benelux, comprising 69% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 24% share of total exports.

In Belgium, titanium dioxide pigments exports increased at an average annual rate of +1.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+35.0% per year) and Luxembourg (+254.5% per year).

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, increasing by 7.7% against the previous year. Over the period under review, the export price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of 25%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($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 Netherlands (+1.7%), while the other leaders experienced a decline in the export price figures.

Titanium Dioxide Pigments Imports

Imports in Benelux

In 2021, approx. X tons of titanium dioxide pigments and colouring preparations were imported in Benelux; jumping by 23% compared with 2020. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 122%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, titanium dioxide pigments imports skyrocketed to $X in 2021. In general, imports showed a strong expansion. The growth pace was the most rapid in 2018 with an increase of 108%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Belgium represented the major importing country with an import of about X tons, which recorded 76% of total imports. The Netherlands (X tons) ranks second in terms of the total imports with an 18% share, followed by Luxembourg (5.8%).

From 2012 to 2021, average annual rates of growth with regard to titanium dioxide pigments imports into Belgium stood at +20.7%. At the same time, Luxembourg (+40.1%) and the Netherlands (+11.8%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +40.1% from 2012-2021. While the share of Belgium (+9.2 p.p.) and Luxembourg (+4.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the Netherlands (-13.7 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) constitutes the largest market for imported titanium dioxide pigments and colouring preparations in Benelux, comprising 69% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Belgium amounted to +16.0%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+9.7% per year) and Luxembourg (+34.0% per year).

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, with an increase of 5.5% against the previous year. In general, the import price, however, showed a perceptible slump. The pace of growth appeared the most rapid in 2017 an increase of 21%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($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 Netherlands (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform