Canada: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Canada

In 2021, the Canadian titanium dioxide pigments market decreased by -2.7% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Titanium Dioxide Pigments Production in Canada

In value terms, titanium dioxide pigments production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% 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 2015 when the production volume increased by 38%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Titanium Dioxide Pigments Exports

Exports from Canada

After two years of growth, shipments abroad of titanium dioxide pigments and colouring preparations decreased by -4.3% to X tons in 2021. In general, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +11.3% against 2017 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 24% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020, and then dropped modestly in the following year.

In value terms, titanium dioxide pigments exports expanded slightly to $X in 2021. Overall, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.0% against 2015 indices. The growth pace was the most rapid in 2017 when exports increased by 25% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons) was the main destination for titanium dioxide pigments exports from Canada, with a 94% share of total exports. It was followed by Germany (X tons), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +5.5%.

In value terms, the United States ($X) remains the key foreign market for titanium dioxide pigments and colouring preparations exports from Canada, comprising 95% of total exports. The second position in the ranking was held by Germany ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +2.0%.

Export Prices by Country

The average titanium dioxide pigments export price stood at $X per ton in 2021, surging by 9.5% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2017 an increase of 11% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-3.3%).

Titanium Dioxide Pigments Imports

Imports into Canada

After four years of growth, supplies from abroad of titanium dioxide pigments and colouring preparations decreased by -18.8% to X tons in 2021. In general, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.4% 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 +36.5% against 2016 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 24% against the previous year. As a result, imports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, titanium dioxide pigments imports declined to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 19%. Over the period under review, imports reached the peak figure at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, the United States (X tons) constituted the largest titanium dioxide pigments supplier to Canada, with a 68% share of total imports. Moreover, titanium dioxide pigments imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Mexico (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+29.7% per year) and Mexico (+57.1% per year).

In value terms, the United States ($X) constituted the largest supplier of titanium dioxide pigments and colouring preparations to Canada, comprising 70% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Mexico, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+26.9% per year) and Mexico (+38.6% per year).

Import Prices by Country

The average titanium dioxide pigments import price stood at $X per ton in 2021, surging by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable descent. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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