Israel: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Israel

In 2021, the Israeli titanium dioxide pigments market increased by 35% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +43.7% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Titanium Dioxide Pigments Exports

Exports from Israel

In 2021, the amount of titanium dioxide pigments and colouring preparations exported from Israel skyrocketed to X tons, rising by 15% against the previous year's figure. Overall, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2015 when exports increased by 93%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, titanium dioxide pigments exports surged to $X in 2021. Over the period under review, exports recorded a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 85%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Ukraine (X tons) and Germany (X tons) were the main destinations of titanium dioxide pigments exports from Israel, together comprising 63% of total exports. France, the UK, Russia and Turkey lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +104.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Ukraine ($X) and Germany ($X) were the largest markets for titanium dioxide pigments exported from Israel worldwide, together comprising 65% of total exports. France, the UK, Russia and Turkey lagged somewhat behind, together comprising a further 22%.

France, with a CAGR of +107.7%, saw the highest rates of growth with regard to 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 pigments export price stood at $X per ton in 2021, picking up by 3.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 27%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Ukraine ($X per ton) and France ($X per ton), while the average price for exports to the UK ($X per ton) and Russia ($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 Finland (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Pigments Imports

Imports into Israel

In 2021, overseas purchases of titanium dioxide pigments and colouring preparations increased by 24% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +24.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 30%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, titanium dioxide pigments imports surged to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 53%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), Hong Kong SAR (X tons) and Germany (X tons) were the main suppliers of titanium dioxide pigments imports to Israel, with a combined 57% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +60.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Germany ($X) appeared to be the largest titanium dioxide pigments suppliers to Israel, together accounting for 57% of total imports.

Among the main suppliers, Hong Kong SAR, with a CAGR of +57.5%, saw 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

The average titanium dioxide pigments import price stood at $X per ton in 2021, surging by 12% against the previous year. Overall, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 34%. 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 noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the UK ($X per ton) and the Netherlands ($X per ton), while the price for Hong Kong SAR ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+8.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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