Dominican Republic: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in the Dominican Republic

In 2021, the Dominican titanium dioxide market decreased by -31.7% to $X, falling for the fourth year in a row after six years of growth. Overall, consumption, however, posted a strong increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Titanium Dioxide Exports

Exports from the Dominican Republic

In 2021, shipments abroad of titanium dioxide increased by 0.1% to X tons, rising for the second year in a row after four years of decline. Overall, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2015 when exports increased by 50% against the previous year. 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 exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Trinidad and Tobago (X tons), Haiti (X tons) and France (X tons) were the main destinations of titanium dioxide exports from the Dominican Republic, together comprising 72% 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 Haiti (with a CAGR of +7.3%), while the other leaders experienced mixed trend patterns.

In value terms, Trinidad and Tobago ($X), Haiti ($X) and France ($X) constituted the largest markets for titanium dioxide exported from the Dominican Republic worldwide, with a combined 72% share of total exports.

Among the main countries of destination, Haiti, with a CAGR of +5.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average titanium dioxide export price amounted to $X per ton, surging by 57% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+0.0%), while the prices for the other major destinations experienced a decline.

Titanium Dioxide Imports

Imports into the Dominican Republic

In 2021, overseas purchases of titanium dioxide decreased by -30.3% to X tons, falling for the fourth consecutive year after six years of growth. Overall, imports, however, continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2013 when imports increased by 76%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, titanium dioxide imports contracted remarkably to $X in 2021. Over the period under review, imports, however, saw noticeable growth. The pace of growth was the most pronounced in 2013 with an increase of 76% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Belgium (X tons) and the UK (X tons) were the main suppliers of titanium dioxide imports to the Dominican Republic, together accounting for 60% of total imports. These countries were followed by the United States, Spain, Italy, Japan and the Netherlands, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +24.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belgium ($X) and the UK ($X) constituted the largest titanium dioxide suppliers to the Dominican Republic, with a combined 62% share of total imports. The United States, Spain, Japan, Italy and the Netherlands lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, Japan, with a CAGR of +24.6%, saw the highest rates of growth with regard to 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

In 2021, the average titanium dioxide import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and the Netherlands ($X per ton), while the price for Belgium ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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