Egypt: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Egypt

The Egyptian titanium dioxide pigments market skyrocketed to $X in 2021, with an increase of 17% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Titanium dioxide pigments consumption peaked in 2021 and is expected to retain growth in the immediate term.

Titanium Dioxide Pigments Production in Egypt

In value terms, titanium dioxide pigments production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt decrease. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Titanium Dioxide Pigments Exports

Exports from Egypt

In 2021, after four years of decline, there was significant growth in overseas shipments of titanium dioxide pigments and colouring preparations, when their volume increased by 147% to X tons. Over the period under review, exports recorded a modest expansion. The pace of growth was the most pronounced in 2016 with an increase of 380% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, titanium dioxide pigments exports skyrocketed to $X in 2021. Overall, exports showed a slight expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 319% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Sudan (X tons) was the main destination for titanium dioxide pigments exports from Egypt, accounting for a 49% share of total exports. Moreover, titanium dioxide pigments exports to Sudan exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Libya (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sudan amounted to +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Libya (-8.6% per year).

In value terms, Sudan ($X), the United States ($X) and Kuwait ($X) constituted the largest markets for titanium dioxide pigments exported from Egypt worldwide, together accounting for 83% of total exports.

Sudan, with a CAGR of +14.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average titanium dioxide pigments export price amounted to $X per ton, waning by -6.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 601%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then shrank in the following year.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Kuwait ($X per ton), while the average price for exports to Sudan ($X per ton) and Turkey ($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 Kenya (+67.3%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Pigments Imports

Imports into Egypt

Titanium dioxide pigments imports into Egypt expanded modestly to X tons in 2021, with an increase of 4% on 2020. In general, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.9% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 43%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, titanium dioxide pigments imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period 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 22% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of titanium dioxide pigments to Egypt, accounting for a 43% share of total imports. Moreover, titanium dioxide pigments imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. Mexico (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-3.1% per year) and Mexico (+31.2% per year).

In value terms, China ($X), Saudi Arabia ($X) and Mexico ($X) appeared to be the largest titanium dioxide pigments suppliers to Egypt, together accounting for 72% of total imports.

Among the main suppliers, Mexico, with a CAGR of +29.7%, 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

The average titanium dioxide pigments import price stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the period under review, the import price, however, saw a slight downturn. The pace of growth appeared the most rapid in 2017 an increase of 46%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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