Eastern Europe: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Eastern Europe

The East European titanium dioxide pigments market rose remarkably to $X in 2021, picking up by 5.3% against the previous year. Over the period under review, consumption showed a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of 7.8% against the previous year. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Titanium Dioxide Pigments Production in Eastern Europe

In value terms, titanium dioxide pigments production fell to $X in 2021 estimated in export price. Overall, production saw a pronounced setback. The most prominent rate of growth was recorded in 2019 with an increase of 11%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Titanium Dioxide Pigments Exports

Exports in Eastern Europe

After two years of growth, shipments abroad of titanium dioxide pigments and colouring preparations decreased by -9.8% to X tons in 2021. In general, exports saw a perceptible slump. The pace of growth appeared the most rapid in 2020 when exports increased by 42%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, titanium dioxide pigments exports amounted to $X in 2021. Overall, exports recorded a pronounced contraction. The pace of growth was the most pronounced in 2017 when exports increased by 33%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons), Ukraine (X tons), Russia (X tons) and Poland (X tons) represented roughly 96% of total exports in 2021. Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Russia (with a CAGR of +47.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest titanium dioxide pigments supplying countries in Eastern Europe were the Czech Republic ($X), Ukraine ($X) and Russia ($X), together comprising 74% of total exports.

In terms of the main exporting countries, Russia, with a CAGR of +42.7%, saw the highest growth rate of 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

In 2021, the export price in Eastern Europe amounted to $X per ton, picking up by 20% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 25%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (-0.4%), while the other leaders experienced a decline in the export price figures.

Titanium Dioxide Pigments Imports

Imports in Eastern Europe

In 2021, imports of titanium dioxide pigments and colouring preparations in Eastern Europe rose notably to X tons, growing by 8.9% on 2020 figures. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 19%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, titanium dioxide pigments imports soared to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. 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 43% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons) and Russia (X tons) prevails in imports structure, together generating 70% of total imports. It was distantly followed by Romania (X tons), Belarus (X tons) and Hungary (X tons), together constituting a 17% share of total imports. Ukraine (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +9.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium dioxide pigments importing markets in Eastern Europe were Poland ($X), Russia ($X) and Romania ($X), with a combined 75% share of total imports.

Romania, with a CAGR of +8.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, growing by 18% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 21%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Hungary ($X per ton), while Romania ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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