CIS: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in CIS

The CIS titanium dioxide pigments market expanded slightly to $X in 2021, with an increase of 2.7% against the previous year. Over the period under review, consumption showed a pronounced contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Titanium Dioxide Pigments Production in CIS

In value terms, titanium dioxide pigments production contracted slightly to $X in 2021 estimated in export price. Overall, production saw a perceptible slump. The pace of growth was the most pronounced in 2019 with an increase of 14%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Titanium Dioxide Pigments Exports

Exports in CIS

In 2021, the amount of titanium dioxide pigments and colouring preparations exported in the CIS dropped sharply to X tons, which is down by -30.6% against the previous year. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,418%. As a result, the exports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, titanium dioxide pigments exports dropped slightly to $X in 2021. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 947%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

The shipments of the one major exporters of titanium dioxide pigments and colouring preparations, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the titanium dioxide pigments and colouring preparations exports, with a CAGR of +47.0% from 2012 to 2021. While the share of Russia (+28 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest titanium dioxide pigments supplier in the CIS.

In Russia, titanium dioxide pigments exports expanded at an average annual rate of +42.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, increasing by 43% against the previous year. Over the period under review, the export price, however, showed a noticeable curtailment. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -2.9% per year.

Titanium Dioxide Pigments Imports

Imports in CIS

In 2021, purchases abroad of titanium dioxide pigments and colouring preparations increased by 10% to X tons, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 31% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, titanium dioxide pigments imports surged to $X in 2021. Total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 58% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

In 2021, Russia (X tons) represented the major importer of titanium dioxide pigments and colouring preparations, comprising 76% of total imports. It was distantly followed by Belarus (X tons), comprising a 12% share of total imports. Uzbekistan (X tons), Kazakhstan (X tons) and Azerbaijan (X tons) took a little share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of titanium dioxide pigments and colouring preparations. At the same time, Azerbaijan (+26.9%), Kazakhstan (+6.7%) and Belarus (+6.0%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +26.9% from 2012-2021. Uzbekistan experienced a relatively flat trend pattern. From 2012 to 2021, the share of Uzbekistan, Belarus and Kazakhstan increased by +4.4, +3.8 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported titanium dioxide pigments and colouring preparations in the CIS, comprising 76% of total imports. The second position in the ranking was taken by Belarus ($X), with a 12% share of total imports. It was followed by Kazakhstan, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value in Russia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+4.1% per year) and Kazakhstan (+5.7% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, rising by 26% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Kazakhstan ($X per ton) and Russia ($X per ton), while Azerbaijan ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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