Malaysia: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Malaysia

In 2021, the Malaysian titanium dioxide market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Titanium Dioxide Production in Malaysia

In value terms, titanium dioxide production surged to $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 2018 with an increase of 32%. Titanium dioxide production peaked in 2021 and is expected to retain growth in the near future.

Titanium Dioxide Exports

Exports from Malaysia

In 2021, approx. X tons of titanium dioxide were exported from Malaysia; with a decrease of -21.5% against the previous year. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, titanium dioxide exports reached $X in 2021. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 37%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons) was the main destination for titanium dioxide exports from Malaysia, with a 32% share of total exports. Moreover, titanium dioxide exports to Myanmar exceeded the volume sent to the second major destination, Japan (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Myanmar stood at +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+12.9% per year) and Spain (-13.1% per year).

In value terms, Japan ($X) remains the key foreign market for titanium dioxide exports from Malaysia, comprising 20% of total exports. The second position in the ranking was taken by Spain ($X), with an 8.4% share of total exports. It was followed by Indonesia, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-7.4% per year) and Indonesia (+11.1% per year).

Export Prices by Country

The average titanium dioxide export price stood at $X per ton in 2021, picking up by 29% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 34%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Australia ($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 South Korea (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Imports

Imports into Malaysia

In 2021, approx. X tons of titanium dioxide were imported into Malaysia; approximately reflecting the previous year's figure. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 15%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, titanium dioxide imports soared to $X in 2021. Over the period under review, imports showed a abrupt decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of titanium dioxide imports to Malaysia, with a combined 60% share of total imports. These countries were followed by India, Saudi Arabia, Germany, Japan, Australia and Singapore, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +17.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the United States ($X) and South Korea ($X) were the largest titanium dioxide suppliers to Malaysia, with a combined 60% share of total imports. These countries were followed by Saudi Arabia, Japan, Germany, India, Australia and Singapore, which together accounted for a further 31%.

India, with a CAGR of +4.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average titanium dioxide import price amounted to $X per ton, jumping by 26% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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