Europe: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Europe

In 2021, after two years of decline, there was significant growth in the Europe titanium dioxide market, when its value increased by 8% to $X. Over the period under review, consumption, however, saw a noticeable downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Titanium Dioxide Production in Europe

In value terms, titanium dioxide production reached $X in 2021 estimated in export price. In general, production, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Titanium Dioxide Exports

Exports in Europe

In 2021, shipments abroad of titanium dioxide increased by 12% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 35%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, titanium dioxide exports surged to $X in 2021. Overall, exports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2013 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany represented the main exporting country with an export of about X tons, which accounted for 33% of total exports. France (X tons) held the second position in the ranking, followed by the Netherlands (X tons), Belgium (X tons), Ukraine (X tons), Sweden (X tons) and Norway (X tons). All these countries together held approx. 59% 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%), Norway (+5.4%), Ukraine (+3.2%) and France (+1.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Europe, 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, Ukraine, France and Norway increased by +10, +4.2, +3.3, +2.5 and +2.4 percentage points, respectively.

In value terms, Germany ($X) remains the largest titanium dioxide supplier in Europe, comprising 38% of total exports. The second position in the ranking was held by France ($X), with a 19% share of total exports. It was followed by Belgium, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Germany stood at -1.6%. 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

The export price in Europe stood at $X per ton in 2021, growing by 4.6% against the previous year. Overall, the export price, however, saw a mild slump. The pace of growth was the most pronounced in 2018 an increase of 14% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 France ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Titanium Dioxide Imports

Imports in Europe

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 +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, titanium dioxide imports surged to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), distantly followed by Spain (X tons), Belgium (X tons), the Netherlands (X tons), Sweden (X tons), France (X tons) and Italy (X tons) were the main importers of titanium dioxide, together making up 85% 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 Europe, 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. While the share of Germany (+9.3 p.p.), the Netherlands (+7.3 p.p.), Spain (+5.1 p.p.) and Sweden (+3.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Italy (-1.6 p.p.), France (-5.7 p.p.) and Belgium (-9.5 p.p.) displayed negative dynamics.

In value terms, Germany ($X) constitutes the largest market for imported titanium dioxide in Europe, comprising 31% of total imports. The second position in the ranking was taken by Spain ($X), with a 12% share of total imports. It was followed by Belgium, with an 11% share.

In Germany, titanium dioxide imports increased at an average annual rate of +5.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Spain (+7.4% per year) and Belgium (-4.7% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, increasing by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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