MERCOSUR: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in MERCOSUR

The MERCOSUR titanium dioxide market soared to $X in 2021, surging by 29% against the previous year. Over the period under review, consumption, however, recorded a slight curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Titanium Dioxide Production in MERCOSUR

In value terms, titanium dioxide production rose significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 20%. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in years to come.

Titanium Dioxide Exports

Exports in MERCOSUR

In 2021, exports of titanium dioxide in MERCOSUR shrank notably to X tons, dropping by -22.1% against 2020 figures. In general, exports recorded a deep slump. The growth pace was the most rapid in 2014 with an increase of 150%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, titanium dioxide exports dropped remarkably to $X in 2021. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 110%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) and Peru (X tons) represented roughly 73% of total exports in 2021. Suriname (X tons) took the next position in the ranking, distantly followed by Chile (X tons). All these countries together took near 22% share of total exports. Colombia (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +27.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Peru ($X) and Suriname ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 85% of total exports. These countries were followed by Chile and Colombia, which together accounted for a further 12%.

Among the main exporting countries, Chile, with a CAGR of +39.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, surging by 3.6% against the previous year. Over the period under review, the export price, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2016 when the export price increased by 22%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+9.5%), while the other leaders experienced a decline in the export price figures.

Titanium Dioxide Imports

Imports in MERCOSUR

In 2021, approx. X tons of titanium dioxide were imported in MERCOSUR; jumping by 39% on 2020. In general, imports, however, continue to indicate a pronounced downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, titanium dioxide imports soared to $X in 2021. Overall, imports, however, recorded a noticeable reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Brazil prevails in imports structure, recording X tons, which was near 79% of total imports in 2021. It was distantly followed by Colombia (X tons), creating a 5.3% share of total imports. The following importers - Chile (X tons), Peru (X tons), Argentina (X tons) and Ecuador (X tons) - together made up 14% of total imports.

From 2012 to 2021, average annual rates of growth with regard to titanium dioxide imports into Brazil stood at +11.5%. At the same time, Peru (+21.7%) and Colombia (+2.7%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +21.7% from 2012-2021. By contrast, Argentina (-3.4%), Ecuador (-3.4%) and Chile (-6.8%) illustrated a downward trend over the same period. While the share of Brazil (+55 p.p.), Peru (+3.4 p.p.) and Colombia (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Chile (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported titanium dioxide in MERCOSUR, comprising 78% of total imports. The second position in the ranking was taken by Chile ($X), with a 5% share of total imports. It was followed by Colombia, with a 5% share.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to +9.5%. In the other countries, the average annual rates were as follows: Chile (-7.7% per year) and Colombia (-1.0% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, growing by 31% against the previous year. Over the period under review, the import price, however, showed a pronounced decline. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Chile ($X per ton) and Ecuador ($X per ton), while Colombia ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform