Chile: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Chile

The Chilean titanium dioxide pigments market surged to $X in 2021, rising by 28% against the previous year. Over the period under review, consumption continues to indicate a resilient expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in years to come.

Titanium Dioxide Pigments Production in Chile

In value terms, titanium dioxide pigments production shrank to $X in 2021 estimated in export price. Overall, production, however, recorded a strong increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 51% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then reduced in the following year.

Titanium Dioxide Pigments Exports

Exports from Chile

Titanium dioxide pigments exports from Chile amounted to X tons in 2021, increasing by 6.8% on the previous year. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 34% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, titanium dioxide pigments exports surged to $X in 2021. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 when exports increased by 36%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Peru (X tons), Colombia (X tons) and Guatemala (X tons) were the main destinations of titanium dioxide pigments exports from Chile, with a combined 88% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +54.0%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Colombia ($X) and Guatemala ($X) appeared to be the largest markets for titanium dioxide pigments exported from Chile worldwide, together accounting for 86% of total exports.

Guatemala, with a CAGR of +56.1%, saw the highest rates of growth with regard to the value of exports, among 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

In 2021, the average titanium dioxide pigments export price amounted to $X per ton, growing by 9.2% against the previous year. In general, the export price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 countries with the highest prices were Argentina ($X per ton) and Brazil ($X per ton), while the average price for exports to Colombia ($X per ton) and Ecuador ($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 Brazil (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Pigments Imports

Imports into Chile

In 2021, approx. X tons of titanium dioxide pigments and colouring preparations were imported into Chile; with an increase of 24% against the year before. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.9% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, titanium dioxide pigments imports surged to $X in 2021. In general, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of titanium dioxide pigments imports to Chile, together comprising 82% of total imports. These countries were followed by Argentina, Belgium and Germany, which together accounted for a further 8.4%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +18.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Mexico ($X) constituted the largest titanium dioxide pigments suppliers to Chile, together comprising 86% of total imports.

In terms of the main suppliers, China, with a CAGR of +17.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average titanium dioxide pigments import price stood at $X per ton in 2021, with an increase of 25% against the previous year. In general, the import price, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2017 an increase of 29% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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