EU: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in the EU

The EU titanium dioxide market rose sharply to $X in 2021, growing by 11% against the previous year. In general, consumption, however, recorded a perceptible reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Titanium Dioxide Production in the EU

In value terms, titanium dioxide production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible downturn. The growth pace was the most rapid in 2018 when the production volume increased by 11% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Titanium Dioxide Exports

Exports in the EU

After four years of decline, shipments abroad of titanium dioxide increased by 9.3% to X tons in 2021. Overall, exports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 48% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, titanium dioxide exports surged to $X in 2021. In general, exports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 40%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany was the major exporting country with an export of about X tons, which reached 40% of total exports. It was distantly followed by France (X tons), the Netherlands (X tons), Belgium (X tons) and Sweden (X tons), together achieving a 53% share of total exports. The following exporters - the Czech Republic (X tons) and Spain (X tons) - each accounted for a 4.4% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to titanium dioxide exports from Germany stood at -1.9%. At the same time, the Netherlands (+22.6%), Sweden (+15.0%), the Czech Republic (+10.0%), Spain (+3.3%) and France (+1.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +22.6% from 2012-2021. By contrast, Belgium (-2.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, Sweden and France increased by +13, +5.3 and +3.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest titanium dioxide supplier in the European Union, comprising 44% of total exports. The second position in the ranking was taken by France ($X), with a 22% share of total exports. It was followed by Belgium, with a 13% share.

In Germany, titanium dioxide exports decreased by an average annual rate of -1.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: France (+0.4% per year) and Belgium (-4.0% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, picking up by 6.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 14%. The level of export peaked at $X per ton in 2012; however, from 2013 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 France ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the other leaders experienced a decline in the export price figures.

Titanium Dioxide Imports

Imports in the EU

In 2021, after three years of decline, there was significant growth in supplies from abroad of titanium dioxide, when their volume increased by 16% to X tons. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 19%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, titanium dioxide imports surged to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) represented the major importer of titanium dioxide, creating 31% of total imports. It was distantly followed by Spain (X tons), Belgium (X tons), the Netherlands (X tons), Sweden (X tons), France (X tons) and Italy (X tons), together comprising a 60% share of total imports.

Imports into Germany increased at an average annual rate of +7.5% from 2012 to 2021. At the same time, the Netherlands (+17.2%), Sweden (+13.7%) and Spain (+8.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of +17.2% from 2012-2021. Italy experienced a relatively flat trend pattern. By contrast, Belgium (-3.1%) and France (-4.6%) illustrated a downward trend over the same period. Germany (+9.1 p.p.), the Netherlands (+7.7 p.p.), Spain (+5 p.p.) and Sweden (+3.9 p.p.) significantly strengthened its position in terms of the total imports, while Italy, France and Belgium saw its share reduced by -2.1%, -6.6% and -11.2% from 2012 to 2021, respectively.

In value terms, Germany ($X) constitutes the largest market for imported titanium dioxide in the European Union, comprising 34% of total imports. The second position in the ranking was taken by Spain ($X), with a 13% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Germany totaled +5.5%. In the other countries, the average annual rates were as follows: Spain (+7.4% per year) and Belgium (-4.7% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, surging by 12% against the previous year. Overall, the import price, however, showed a mild setback. The most prominent rate of growth was recorded in 2018 when the import price increased by 17% 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 failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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