Finland: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Finland

In 2021, the Finnish titanium dioxide market decreased by -42.4% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption recorded a drastic downturn. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Titanium Dioxide Production in Finland

In value terms, titanium dioxide production fell dramatically to $X in 2021 estimated in export price. Overall, production saw a deep slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 3,287% against the previous year. Titanium dioxide production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Titanium Dioxide Exports

Exports from Finland

For the fifth year in a row, Finland recorded decline in shipments abroad of titanium dioxide, which decreased by 0% to X tons in 2021. Over the period under review, exports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 57%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, titanium dioxide exports amounted to $X in 2021. Overall, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2013 when exports increased by 45%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Austria (X tons), Poland (X kg) and Canada (X kg) were the main destinations of titanium dioxide exports from Finland.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +55.8%), while shipments for the other leaders experienced mixed trend patterns.

It was followed by Canada, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland stood at -36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+49.1% per year) and Canada (0.0% per year).

Export Prices by Country

In 2021, the average titanium dioxide export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price saw a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of 28% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Imports

Imports into Finland

In 2021, purchases abroad of titanium dioxide decreased by -0.3% to X tons, falling for the second year in a row after four years of growth. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 310% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, titanium dioxide imports soared to $X in 2021. Overall, imports showed a slight contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 523% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of titanium dioxide to Finland, accounting for a 83% share of total imports. Moreover, titanium dioxide imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+32.8% per year) and the United States (+49.6% per year).

In value terms, Germany ($X) constituted the largest supplier of titanium dioxide to Finland, comprising 87% of total imports. The second position in the ranking was taken by France ($X), with a 4.9% share of total imports. It was followed by Denmark, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-18.7% per year) and Denmark (+22.4% per year).

Import Prices by Country

In 2021, the average titanium dioxide import price amounted to $X per ton, surging by 30% against the previous year. In general, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, titanium dioxide import price increased by +64.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 52%. The import price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Italy ($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 (+16.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :