Eastern Europe: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Eastern Europe

In 2021, the East European titanium dioxide market was finally on the rise to reach $X after two years of decline. In general, consumption saw a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the market value increased by 9.7%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Titanium Dioxide Production in Eastern Europe

In value terms, titanium dioxide production rose modestly to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2018 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 Exports

Exports in Eastern Europe

Titanium dioxide exports declined to X tons in 2021, with a decrease of -3% on the year before. Total exports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 146% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, titanium dioxide exports fell modestly to $X in 2021. Total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 96% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Ukraine (X tons) was the key exporter of titanium dioxide, creating 82% of total exports. It was distantly followed by the Czech Republic (X tons), generating a 14% share of total exports.

Exports from Ukraine increased at an average annual rate of +3.2% from 2012 to 2021. At the same time, the Czech Republic (+10.0%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +10.0% from 2012-2021. From 2012 to 2021, the share of the Czech Republic increased by +5.3 percentage points.

In value terms, Ukraine ($X) remains the largest titanium dioxide supplier in Eastern Europe, comprising 73% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Ukraine was relatively modest.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price recorded a noticeable setback. The pace of growth appeared the most rapid in 2018 when the export price increased by 5.1%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Ukraine totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (-1.8%).

Titanium Dioxide Imports

Imports in Eastern Europe

In 2021, overseas purchases of titanium dioxide decreased by -17.9% to X tons, falling for the third consecutive year after three years of growth. Overall, imports saw a perceptible descent. The pace of growth appeared the most rapid in 2014 when imports increased by 26%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, titanium dioxide imports contracted to $X in 2021. Over the period under review, imports saw a pronounced reduction. The pace of growth was the most pronounced in 2018 when imports increased by 28% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Russia (X tons), Poland (X tons) and Romania (X tons) represented roughly 69% of total imports in 2021. Slovakia (X tons) ranks next in terms of the total imports with a 7.3% share, followed by the Czech Republic (6.6%) and Hungary (6.2%). Belarus (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Slovakia (with a CAGR of +11.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2021, with a combined 65% share of total imports. These countries were followed by the Czech Republic, Slovakia, Hungary, Belarus and Lithuania, which together accounted for a further 30%.

Slovakia, with a CAGR of +11.9%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2021, the import price in Eastern Europe amounted to $X per ton, growing by 21% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lithuania ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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