Denmark: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Denmark

The Danish titanium dioxide pigments market reached $X in 2021, remaining constant against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.8% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Titanium Dioxide Pigments Production in Denmark

In value terms, titanium dioxide pigments production surged to $X in 2021 estimated in export price. Over the period under review, production, however, posted significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Titanium Dioxide Pigments Exports

Exports from Denmark

In 2021, overseas shipments of titanium dioxide pigments and colouring preparations increased by 16% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a noticeable decline. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, titanium dioxide pigments exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a pronounced reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for titanium dioxide pigments exports from Denmark, accounting for a 41% share of total exports. Moreover, titanium dioxide pigments exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), twofold. France (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+0.6% per year) and France (+11.6% per year).

In value terms, the largest markets for titanium dioxide pigments exported from Denmark were Germany ($X), Sweden ($X) and France ($X), with a combined 65% share of total exports. Poland, the Czech Republic, Ireland and Switzerland lagged somewhat behind, together accounting for a further 21%.

In terms of the main countries of destination, Ireland, with a CAGR of +17.2%, 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 pigments export price stood at $X per ton in 2021, jumping by 18% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were France ($X per ton) and Switzerland ($X per ton), while the average price for exports to Germany ($X per ton) and Sweden ($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 France (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Pigments Imports

Imports into Denmark

In 2021, the amount of titanium dioxide pigments and colouring preparations imported into Denmark expanded slightly to X tons, picking up by 2.5% compared with 2020 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 17%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, titanium dioxide pigments imports rose significantly to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 27% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), the Netherlands (X tons) and the UK (X tons) were the main suppliers of titanium dioxide pigments imports to Denmark, together comprising 53% of total imports. These countries were followed by Poland, the Czech Republic, Finland, Belgium, China and Sweden, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +33.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium dioxide pigments suppliers to Denmark were Germany ($X), the Netherlands ($X) and Poland ($X), with a combined 54% share of total imports. These countries were followed by Finland, Belgium, Sweden, the Czech Republic, China and the UK, which together accounted for a further 37%.

In terms of the main suppliers, Finland, with a CAGR of +29.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average titanium dioxide pigments import price stood at $X per ton in 2021, surging by 8% against the previous year. Over the period under review, the import price, however, showed a perceptible descent. The growth pace was the most rapid in 2017 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for the UK ($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 (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :