Canada: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Canada

The Canadian titanium dioxide market reached $X in 2021, almost unchanged from the previous year. In general, consumption, however, recorded a perceptible decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Titanium Dioxide Production in Canada

In value terms, titanium dioxide production fell modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2019 when the production volume increased by 16% against the previous year. Titanium dioxide production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Titanium Dioxide Exports

Exports from Canada

In 2021, approx. X tons of titanium dioxide were exported from Canada; increasing by 58% compared with the year before. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 with an increase of 732% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, titanium dioxide exports soared to $X in 2021. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 411% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons), the United States (X tons) and Belgium (X tons) were the main destinations of titanium dioxide exports from Canada, with a combined 90% share of total exports. Brazil and the Netherlands lagged somewhat behind, together comprising a further 7.3%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +40,534.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for titanium dioxide exported from Canada were the United States ($X), Germany ($X) and Belgium ($X), together accounting for 88% of total exports. These countries were followed by Brazil and the Netherlands, which together accounted for a further 8.5%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +79,063.2%, recorded the highest rates of growth with regard to the value of exports, 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, reducing by -8.6% against the previous year. In general, the export price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2019 an increase of 19%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Brazil ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Belgium ($X per ton) and Germany ($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 the Netherlands (+94.6%), while the prices for the other major destinations experienced a decline.

Titanium Dioxide Imports

Imports into Canada

In 2021, purchases abroad of titanium dioxide was finally on the rise to reach X tons after two years of decline. Overall, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, titanium dioxide imports soared to $X in 2021. Over the period under review, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of titanium dioxide to Canada, accounting for a 68% share of total imports. Moreover, titanium dioxide imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. France (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.8% per year) and France (+10.7% per year).

In value terms, the United States ($X) constituted the largest supplier of titanium dioxide to Canada, comprising 68% of total imports. The second position in the ranking was taken by China ($X), with a 25% share of total imports. It was followed by Germany, with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.1% per year) and Germany (-10.4% per year).

Import Prices by Country

The average titanium dioxide import price stood at $X per ton in 2021, with an increase of 35% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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