Middle East: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in the Middle East

The Middle Eastern titanium dioxide market dropped modestly to $X in 2021, declining by -3.5% against the previous year. Over the period under review, consumption recorded a mild contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Titanium Dioxide Production in the Middle East

In value terms, titanium dioxide production fell to $X in 2021 estimated in export price. Overall, production saw a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of 13%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Titanium Dioxide Exports

Exports in the Middle East

In 2021, shipments abroad of titanium dioxide was finally on the rise to reach X tons after three years of decline. Overall, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 52%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, titanium dioxide exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt slump. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia dominates exports structure, finishing at X tons, which was near 85% of total exports in 2021. Israel (X tons) took a 5.2% share (based on physical terms) of total exports, which put it in second place, followed by Jordan (5%). The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to titanium dioxide exports from Saudi Arabia stood at -8.8%. At the same time, Israel (+20.1%) and Jordan (+6.8%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +20.1% from 2012-2021. By contrast, the United Arab Emirates (-14.7%) illustrated a downward trend over the same period. While the share of Israel (+4.7 p.p.) and Jordan (+3.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-2.5 p.p.) and Saudi Arabia (-6.3 p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) remains the largest titanium dioxide supplier in the Middle East, comprising 85% of total exports. The second position in the ranking was held by Israel ($X), with a 6.6% share of total exports. It was followed by Jordan, with a 2.8% share.

In Saudi Arabia, titanium dioxide exports plunged by an average annual rate of -9.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+19.4% per year) and Jordan (-0.6% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, growing by 7.4% against the previous year. In general, the export price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2018 an increase of 29% against the previous year. The level of export peaked 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 ($X per ton), while Jordan ($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 (-0.6%), while the other leaders experienced a decline in the export price figures.

Titanium Dioxide Imports

Imports in the Middle East

In 2021, supplies from abroad of titanium dioxide increased by 2.7% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 46%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, titanium dioxide imports rose remarkably to $X in 2021. Total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 29%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons), Turkey (X tons), the United Arab Emirates (X tons) and Iran (X tons) represented the key importer of titanium dioxide in the Middle East, mixing up 85% of total import. It was distantly followed by Jordan (X tons), achieving a 6.3% share of total imports. The following importers - Israel (X tons) and Kuwait (X tons) - each reached a 4.6% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (with a CAGR of +18.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2021, together accounting for 74% of total imports.

The United Arab Emirates, with a CAGR of +17.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, increasing by 6.2% against the previous year. Overall, the import price, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2017 when the import price increased by 20% 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.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Turkey ($X per ton) and Saudi Arabia ($X per ton), while Iran ($X per ton) and Jordan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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