France: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in France

In 2021, after two years of decline, there was significant growth in the French titanium dioxide pigments market, when its value increased by 22% to $X. Overall, the total consumption indicated a notable increase 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. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Titanium Dioxide Pigments Production in France

In value terms, titanium dioxide pigments production reduced notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Titanium Dioxide Pigments Exports

Exports from France

In 2021, overseas shipments of titanium dioxide pigments and colouring preparations increased by 36% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports, however, recorded a mild shrinkage. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, titanium dioxide pigments exports surged to $X in 2021. Overall, exports, however, saw a mild downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for titanium dioxide pigments exports from France, accounting for a 44% share of total exports. Moreover, titanium dioxide pigments exports to Belgium exceeded the volume sent to the second major destination, Italy (X tons), twofold. Germany (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+5.7% per year) and Germany (-7.3% per year).

In value terms, Belgium ($X), Italy ($X) and Germany ($X) constituted the largest markets for titanium dioxide pigments exported from France worldwide, together comprising 73% of total exports.

Belgium, with a CAGR of +9.7%, 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, rising by 12% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 33%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 the United States (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Pigments Imports

Imports into France

In 2021, purchases abroad of titanium dioxide pigments and colouring preparations increased by 19% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +5.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, titanium dioxide pigments imports surged to $X in 2021. Overall, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +25.7% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), the UK (X tons) and China (X tons) were the main suppliers of titanium dioxide pigments imports to France, with a combined 67% share of total imports. Germany, the Netherlands, Slovenia, Luxembourg, Spain and the United States lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of +65.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the UK ($X) and China ($X) appeared to be the largest titanium dioxide pigments suppliers to France, together comprising 67% of total imports. These countries were followed by Germany, the Netherlands, Slovenia, Luxembourg, Spain and the United States, which together accounted for a further 26%.

Among the main suppliers, Luxembourg, with a CAGR of +61.3%, recorded the highest growth rate of 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

In 2021, the average titanium dioxide pigments import price amounted to $X per ton, rising by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2017 an increase of 22%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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