Germany: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Germany

The German titanium dioxide market rose sharply to $X in 2021, picking up by 12% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Titanium dioxide consumption peaked at $X in 2014; afterwards, it flattened through to 2021.

Titanium Dioxide Production in Germany

In value terms, titanium dioxide production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 16% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Titanium Dioxide Exports

Exports from Germany

In 2021, after four years of decline, there was significant growth in shipments abroad of titanium dioxide, when their volume increased by 11% to X tons. In general, exports, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 50%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, titanium dioxide exports skyrocketed to $X in 2021. Overall, exports, however, showed a slight reduction. The pace of growth was the most pronounced in 2016 with an increase of 24% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), India (X tons) and France (X tons) were the main destinations of titanium dioxide exports from Germany, together accounting for 30% of total exports. These countries were followed by Austria, Taiwan (Chinese), Turkey, Spain, Indonesia, the Netherlands, Belgium, Myanmar, Pakistan and China, which together accounted for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +37.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for titanium dioxide exported from Germany were France ($X), the United States ($X) and India ($X), with a combined 33% share of total exports. Taiwan (Chinese), Austria, Turkey, China, Indonesia, the Netherlands, Spain, Pakistan, Belgium and Myanmar lagged somewhat behind, together accounting for a further 42%.

Myanmar, with a CAGR of +46.7%, recorded the highest growth rate of the value of exports, among 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

The average titanium dioxide export price stood at $X per ton in 2021, surging by 11% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 23%. The export price peaked in 2021 and is likely to see steady growth in the near future.

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 France ($X per ton), while the average price for exports to Myanmar ($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 Myanmar (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Imports

Imports into Germany

After three years of decline, purchases abroad of titanium dioxide increased by 59% to X tons in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, titanium dioxide imports soared to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, 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.

Imports by Country

France (X tons), Sweden (X tons) and the Netherlands (X tons) were the main suppliers of titanium dioxide imports to Germany, together accounting for 64% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +387.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of titanium dioxide to Germany, comprising 53% of total imports. The second position in the ranking was taken by Sweden ($X), with a 10% share of total imports. It was followed by the Netherlands, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+511.5% per year) and the Netherlands (+6.6% per year).

Import Prices by Country

In 2021, the average titanium dioxide import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, showed a mild setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30%. Over the period under review, average import prices attained the peak figure 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :