Italy: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Italy

In 2021, the Italian titanium dioxide pigments market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a noticeable contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Titanium Dioxide Pigments Production in Italy

In value terms, titanium dioxide pigments production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 40% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Titanium Dioxide Pigments Exports

Exports from Italy

In 2021, shipments abroad of titanium dioxide pigments and colouring preparations increased by 8.6% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +9.4% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 56%. 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. The total export value increased at an average annual rate of +6.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 48% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for titanium dioxide pigments exports from Italy, with a 44% share of total exports. Moreover, titanium dioxide pigments exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), sixfold. The third position in this ranking was taken by France (X tons), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+23.2% per year) and France (+6.4% per year).

In value terms, Germany ($X) remains the key foreign market for titanium dioxide pigments and colouring preparations exports from Italy, comprising 41% of total exports. The second position in the ranking was held by France ($X), with a 6.6% share of total exports. It was followed by Spain, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.0% per year) and Spain (+16.9% per year).

Export Prices by Country

In 2021, the average titanium dioxide pigments export price amounted to $X per ton, picking up by 9.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 23% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Luxembourg ($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 Netherlands (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Pigments Imports

Imports into Italy

Titanium dioxide pigments imports into Italy was estimated at X tons in 2021, increasing by 1.7% against the year before. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 9%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, titanium dioxide pigments imports surged to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 30%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), China (X tons) and Germany (X tons) were the main suppliers of titanium dioxide pigments imports to Italy, together accounting for 52% of total imports. Spain, the Netherlands, France, Slovenia, the Czech Republic, Luxembourg, Poland, Sweden, Saudi Arabia and the United States lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +31.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and China ($X) appeared to be the largest titanium dioxide pigments suppliers to Italy, together comprising 54% of total imports. Spain, France, the Netherlands, Slovenia, the Czech Republic, Poland, Luxembourg, Sweden, Saudi Arabia and the United States lagged somewhat behind, together accounting for a further 42%.

Among the main suppliers, Saudi Arabia, with a CAGR of +26.2%, 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

The average titanium dioxide pigments import price stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 25%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 Germany ($X per ton), while the price for the Czech Republic ($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 (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :