Middle East: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in the Middle East

The Middle Eastern titanium dioxide pigments market amounted to $X in 2021, rising by 15% against the previous year. The total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +75.9% against 2015 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Titanium Dioxide Pigments Production in the Middle East

In value terms, titanium dioxide pigments production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Titanium Dioxide Pigments Exports

Exports in the Middle East

In 2021, after three years of decline, there was significant growth in overseas shipments of titanium dioxide pigments and colouring preparations, when their volume increased by 34% to X tons. Overall, exports continue to indicate a relatively flat trend pattern. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, titanium dioxide pigments exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia prevails in exports structure, accounting for X tons, which was near 84% of total exports in 2021. It was distantly followed by Turkey (X tons), comprising an 8.3% share of total exports. The United Arab Emirates (X tons) and Israel (X tons) took a minor share of total exports.

Saudi Arabia experienced a relatively flat trend pattern with regard to volume of exports of titanium dioxide pigments and colouring preparations. At the same time, Israel (+18.2%), Turkey (+14.2%) and the United Arab Emirates (+1.9%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +18.2% from 2012-2021. From 2012 to 2021, the share of Turkey and Israel increased by +5.7 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest titanium dioxide pigments supplier in the Middle East, comprising 84% of total exports. The second position in the ranking was held by Turkey ($X), with an 8.7% share of total exports. It was followed by Israel, with a 3.1% share.

In Saudi Arabia, titanium dioxide pigments exports shrank by an average annual rate of -1.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+12.4% per year) and Israel (+18.6% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, picking up by 12% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 26%. Over the period under review, the export prices reached the peak figure 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 origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+0.4%), while the other leaders experienced a decline in the export price figures.

Titanium Dioxide Pigments Imports

Imports in the Middle East

For the third year in a row, the Middle East recorded growth in purchases abroad of titanium dioxide pigments and colouring preparations, which increased by 9.3% to X tons in 2021. The total import volume increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 16% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, titanium dioxide pigments imports surged to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +37.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 41%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Turkey represented the main importing country with an import of about X tons, which resulted at 51% of total imports. The United Arab Emirates (X tons) took the second position in the ranking, followed by Israel (X tons) and Saudi Arabia (X tons). All these countries together took approx. 33% share of total imports. Iran (X tons), Iraq (X tons) and Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to titanium dioxide pigments imports into Turkey stood at +5.2%. At the same time, Iraq (+24.6%), Israel (+8.4%), Saudi Arabia (+7.4%), the United Arab Emirates (+7.4%) and Jordan (+5.0%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +24.6% from 2012-2021. By contrast, Iran (-6.7%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+2.9 p.p.), Israel (+2.5 p.p.) and Iraq (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Iran (-8.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported titanium dioxide pigments and colouring preparations in the Middle East, comprising 54% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total imports. It was followed by Israel, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +3.9%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+5.1% per year) and Israel (+6.9% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, picking up by 22% against the previous year. Over the period under review, the import price, however, saw a slight reduction. The growth pace was the most rapid in 2017 an increase of 22% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Jordan ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+5.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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