Norway: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Norway

The Norwegian titanium dioxide pigments market was estimated at $X in 2021, increasing by 6.5% against the previous year. In general, consumption continues to indicate a perceptible contraction. Titanium dioxide pigments consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Titanium Dioxide Pigments Production in Norway

In value terms, titanium dioxide pigments production stood at $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 29%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Titanium Dioxide Pigments Exports

Exports from Norway

Titanium dioxide pigments exports from Norway skyrocketed to X tons in 2021, increasing by 44% compared with the previous year's figure. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +60.4% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, titanium dioxide pigments exports soared to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for titanium dioxide pigments exports from Norway, accounting for a 33% share of total exports. Moreover, titanium dioxide pigments exports to Sweden exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was taken by Turkey (X tons), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.2% per year) and Turkey (+27.2% per year).

In value terms, Sweden ($X) remains the key foreign market for titanium dioxide pigments and colouring preparations exports from Norway, comprising 34% of total exports. The second position in the ranking was taken by the United States ($X), with a 6.1% share of total exports. It was followed by Turkey, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.3% per year) and Turkey (+25.4% per year).

Export Prices by Country

In 2021, the average titanium dioxide pigments export price amounted to $X per ton, with an increase of 11% against the previous year. Overall, the export price, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2018 an increase of 26%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Switzerland ($X per ton) and Colombia ($X per ton), while the average price for exports to Germany ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Titanium Dioxide Pigments Imports

Imports into Norway

After two years of growth, supplies from abroad of titanium dioxide pigments and colouring preparations decreased by -8.3% to X tons in 2021. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.8% against 2017 indices. The growth pace was the most rapid in 2017 when imports increased by 58% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then declined in the following year.

In value terms, titanium dioxide pigments imports rose modestly to $X in 2021. Overall, imports, however, posted a slight increase. The pace of growth appeared the most rapid in 2017 when imports increased by 101%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of titanium dioxide pigments to Norway, accounting for a 70% share of total imports. Moreover, titanium dioxide pigments imports from Germany exceeded the figures recorded by the second-largest supplier, Finland (X tons), sixfold. The third position in this ranking was taken by Sweden (X tons), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+134.7% per year) and Sweden (-4.4% per year).

In value terms, Germany ($X) constituted the largest supplier of titanium dioxide pigments and colouring preparations to Norway, comprising 67% of total imports. The second position in the ranking was taken by Finland ($X), with a 13% share of total imports. It was followed by Sweden, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+127.0% per year) and Sweden (-4.4% per year).

Import Prices by Country

The average titanium dioxide pigments import price stood at $X per ton in 2021, growing by 12% against the previous year. Overall, the import price, however, showed a perceptible decline. The growth pace was the most rapid in 2017 an increase of 27%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were France ($X per ton) and Sweden ($X per ton), while the price for the Czech Republic ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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