Kuwait: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Kuwait

In 2021, the Kuwaiti titanium dioxide pigments market increased by 75% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate significant growth. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Titanium Dioxide Pigments Exports

Exports from Kuwait

In 2021, shipments abroad of titanium dioxide pigments and colouring preparations decreased by -83.2% to X tons, falling for the second consecutive year after two years of growth. Overall, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, titanium dioxide pigments exports shrank significantly to $X in 2021. In general, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 35%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of titanium dioxide pigments exports from Kuwait, together comprising 80% of total exports. These countries were followed by Bahrain, Jordan, Egypt and Qatar, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +33.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) constituted the largest markets for titanium dioxide pigments exported from Kuwait worldwide, with a combined 81% share of total exports. These countries were followed by Bahrain, Qatar, Egypt and Jordan, which together accounted for a further 19%.

Egypt, with a CAGR of +47.6%, 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

In 2021, the average titanium dioxide pigments export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 3.4% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 Qatar ($X per ton), while the average price for exports to Bahrain ($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 Qatar (+92.3%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Pigments Imports

Imports into Kuwait

In 2021, overseas purchases of titanium dioxide pigments and colouring preparations increased by 40% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 73% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, titanium dioxide pigments imports soared to $X in 2021. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest titanium dioxide pigments supplier to Kuwait, with a 77% share of total imports. Moreover, titanium dioxide pigments imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), more than tenfold. The third position in this ranking was taken by Vietnam (X tons), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +45.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+35.4% per year) and Vietnam (+55.1% per year).

In value terms, China ($X) constituted the largest supplier of titanium dioxide pigments and colouring preparations to Kuwait, comprising 79% of total imports. The second position in the ranking was held by Slovenia ($X), with a 7.7% share of total imports. It was followed by Vietnam, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +41.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+37.5% per year) and Vietnam (+50.6% per year).

Import Prices by Country

The average titanium dioxide pigments import price stood at $X per ton in 2021, growing by 24% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Slovenia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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