Northern America: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Northern America

In 2021, after three years of growth, there was significant decline in the North American titanium dioxide pigments market, when its value decreased by -8.9% to $X. Overall, consumption recorded a perceptible shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Titanium Dioxide Pigments Production in Northern America

In value terms, titanium dioxide pigments production fell to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible decline. The pace of growth appeared the most rapid in 2013 with an increase of 2.7% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Titanium Dioxide Pigments Exports

Exports in Northern America

In 2021, shipments abroad of titanium dioxide pigments and colouring preparations increased by 18% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a slight setback. The volume of export peaked 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 surged to $X in 2021. In general, exports, however, showed a perceptible curtailment. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States was the main exporting country with an export of about X tons, which accounted for 79% of total exports. It was distantly followed by Canada (X tons), comprising a 21% share of total exports.

Exports from the United States decreased at an average annual rate of -2.7% from 2012 to 2021. At the same time, Canada (+5.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.8% from 2012-2021. From 2012 to 2021, the share of Canada increased by +10 percentage points.

In value terms, the United States ($X) remains the largest titanium dioxide pigments supplier in Northern America, comprising 81% of total exports. The second position in the ranking was held by Canada ($X), with a 19% share of total exports.

In the United States, titanium dioxide pigments exports shrank by an average annual rate of -3.3% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, growing by 8.7% against the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 15%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.7%).

Titanium Dioxide Pigments Imports

Imports in Northern America

In 2021, imports of titanium dioxide pigments and colouring preparations in Northern America contracted to X tons, falling by -9.2% compared with 2020 figures. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 21%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, titanium dioxide pigments imports stood at $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 19%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X tons) was the major importer of titanium dioxide pigments and colouring preparations, creating 72% of total imports. It was distantly followed by Canada (X tons), committing a 28% share of total imports.

The United States was also the fastest-growing in terms of the titanium dioxide pigments and colouring preparations imports, with a CAGR of +3.7% from 2012 to 2021. At the same time, Canada (+3.4%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported titanium dioxide pigments and colouring preparations in Northern America, comprising 70% of total imports. The second position in the ranking was held by Canada ($X), with a 30% share of total imports.

In the United States, titanium dioxide pigments imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, growing by 13% against the previous year. Overall, the import price, however, showed a perceptible slump. Over the period under review, import prices attained 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, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-2.5%).

Source: IndexBox Platform

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