Japan: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Japan

The Japanese titanium dioxide pigments market shrank to $X in 2021, with a decrease of -12% against the previous year. In general, consumption recorded a slight descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Titanium Dioxide Pigments Production in Japan

In value terms, titanium dioxide pigments production shrank to $X in 2021 estimated in export price. Over the period under review, production showed a slight decline. The growth pace was the most rapid in 2014 when the production volume increased by 30% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Titanium Dioxide Pigments Exports

Exports from Japan

In 2021, after three years of decline, there was significant growth in shipments abroad of titanium dioxide pigments and colouring preparations, when their volume increased by 34% to X tons. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, titanium dioxide pigments exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), Indonesia (X tons) and South Korea (X tons) were the main destinations of titanium dioxide pigments exports from Japan, together accounting for 54% of total exports. Taiwan (Chinese), Thailand, the United States, Malaysia, Vietnam and the United Arab Emirates lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +8.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for titanium dioxide pigments exported from Japan were China ($X), South Korea ($X) and Indonesia ($X), with a combined 52% share of total exports. Thailand, Taiwan (Chinese), the United States, Malaysia, Vietnam and the United Arab Emirates lagged somewhat behind, together comprising a further 36%.

Malaysia, with a CAGR of +6.0%, recorded 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, with a decrease of -2.7% against the previous year. Over the period under review, the export price showed a slight setback. The pace of growth was the most pronounced in 2018 an increase of 10% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Indonesia ($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 Arab Emirates (+4.2%), while the prices for the other major destinations experienced a decline.

Titanium Dioxide Pigments Imports

Imports into Japan

In 2021, supplies from abroad of titanium dioxide pigments and colouring preparations decreased by -2.3% to X tons, falling for the seventh year in a row after three years of growth. Overall, imports recorded a mild curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 16% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, titanium dioxide pigments imports rose slightly to $X in 2021. Over the period under review, imports showed a perceptible curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 12%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), the United States (X tons) and China (X tons) were the main suppliers of titanium dioxide pigments imports to Japan, together comprising 70% of total imports. Australia, Malaysia, Mexico and Thailand lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +48.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), the United States ($X) and China ($X) were the largest titanium dioxide pigments suppliers to Japan, with a combined 67% share of total imports. Australia, Malaysia, Mexico and Thailand lagged somewhat behind, together accounting for a further 22%.

Mexico, with a CAGR of +41.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, growing by 5.6% against the previous year. In general, the import price, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2018 an increase of 13%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Thailand ($X per ton) and China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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