EU: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in the EU

In 2021, the EU titanium dioxide pigments market decreased by -47.3% to $X, falling for the third year in a row after three years of growth. Overall, consumption continues to indicate a mild descent. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Titanium Dioxide Pigments Production in the EU

In value terms, titanium dioxide pigments production contracted remarkably to $X in 2021 estimated in export price. In general, production saw a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 7.9% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Titanium Dioxide Pigments Exports

Exports in the EU

For the third consecutive year, the European Union recorded growth in overseas shipments of titanium dioxide pigments and colouring preparations, which increased by 14% to X tons in 2021. Total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +55.8% against 2018 indices. The pace of growth was the most pronounced in 2020 with an increase of 24%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, titanium dioxide pigments exports soared to $X in 2021. Total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +95.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Belgium (X tons) and Germany (X tons) represented roughly 58% of total exports in 2021. The Netherlands (X tons) ranks next in terms of the total exports with an 11% share, followed by France (6.1%), Spain (6.1%) and Slovenia (4.6%). The Czech Republic (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +32.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium dioxide pigments supplying countries in the European Union were Belgium ($X), Germany ($X) and the Netherlands ($X), with a combined 69% share of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of +35.0%, saw 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

In 2021, the export price in the European Union amounted to $X per ton, increasing by 8.1% against the previous year. Overall, the export price, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2017 when the export price increased by 20% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while the Czech Republic ($X per ton) and Slovenia ($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 Netherlands (+1.7%), while the other leaders experienced a decline in the export price figures.

Titanium Dioxide Pigments Imports

Imports in the EU

In 2021, titanium dioxide pigments imports in the European Union rose notably to X tons, with an increase of 9.7% against the previous year. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.2% against 2015 indices. The growth pace was the most rapid in 2020 when imports increased by 21% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, titanium dioxide pigments imports surged to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +16.0% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 34%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Belgium (X tons) and Germany (X tons) were the major importers of titanium dioxide pigments and colouring preparations in the European Union, together achieving 44% of total imports. France (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Italy (9.7%), Spain (6.7%), the Netherlands (6.1%) and Poland (5.6%).

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +20.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium dioxide pigments importing markets in the European Union were Belgium ($X), Germany ($X) and France ($X), with a combined 52% share of total imports.

Belgium, with a CAGR of +16.0%, 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 the European Union amounted to $X per ton, with an increase of 10% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2017 an increase of 22% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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