Hong Kong SAR, China: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Hong Kong SAR, China

In 2021, the Hong Kong titanium dioxide market increased by 8.8% to $X, rising for the fourth consecutive year after five years of decline. Over the period under review, consumption, however, recorded a pronounced decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Titanium Dioxide Production in Hong Kong SAR, China

In value terms, titanium dioxide production declined to $X in 2021 estimated in export price. In general, production recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 13%. Titanium dioxide production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Titanium Dioxide Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of titanium dioxide decreased by -17.8% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 66%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, titanium dioxide exports contracted notably to $X in 2021. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 65%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for titanium dioxide exports from Hong Kong SAR, with a 83% share of total exports. Moreover, titanium dioxide exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), sevenfold. The third position in this ranking was held by India (X tons), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-2.4% per year) and India (-22.0% per year).

In value terms, China ($X) remains the key foreign market for titanium dioxide exports from Hong Kong SAR, comprising 80% of total exports. The second position in the ranking was held by Vietnam ($X), with a 13% share of total exports. It was followed by India, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-3.5% per year) and India (-18.1% per year).

Export Prices by Country

In 2021, the average titanium dioxide export price amounted to $X per ton, approximately equating the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 6.2% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Indonesia ($X per ton) and India ($X per ton), while the average price for exports to China ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Titanium Dioxide Imports

Imports into Hong Kong SAR, China

Titanium dioxide imports into Hong Kong SAR skyrocketed to X tons in 2021, growing by 65% against the year before. In general, imports, however, faced a deep downturn. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, titanium dioxide imports skyrocketed to $X in 2021. Overall, imports, however, faced a abrupt descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Mexico (X tons), China (X tons) and the United States (X tons) were the main suppliers of titanium dioxide imports to Hong Kong SAR, together accounting for 60% of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +135.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), China ($X) and the United States ($X) constituted the largest titanium dioxide suppliers to Hong Kong SAR, with a combined 57% share of total imports.

Among the main suppliers, Mexico, with a CAGR of +140.1%, recorded the highest rates of growth with regard to 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 import price amounted to $X per ton, picking up by 4.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 8.8%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Japan ($X per ton), while the price for the United States ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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