Report Update Nov 1, 2024

Philippines - Titanium Dioxide - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in the Philippines

The Philippine titanium dioxide market soared to $X in 2021, picking up by 72% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed prominent growth. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in years to come.

Titanium Dioxide Exports

Exports from the Philippines

In 2021, after two years of growth, there was significant decline in shipments abroad of titanium dioxide, when their volume decreased by -50.3% to X tons. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 745% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then contracted remarkably in the following year.

In value terms, titanium dioxide exports surged to $X in 2021. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 305%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Japan (X tons), Thailand (X kg) and Australia (X kg) were the main destinations of titanium dioxide exports from the Philippines.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +520.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) emerged as the key foreign market for titanium dioxide exports from the Philippines, comprising 52% of total exports. The second position in the ranking was taken by Australia ($X), with a 19% share of total exports. It was followed by Japan, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand stood at +41.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and Japan (+385.9% per year).

Export Prices by Country

The average titanium dioxide export price stood at $X per ton in 2021, with an increase of 142% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price 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 for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+20.7%), while the prices for the other major destinations experienced mixed trend patterns.

Titanium Dioxide Imports

Imports into the Philippines

In 2021, the amount of titanium dioxide imported into the Philippines skyrocketed to X tons, surging by 65% against the previous year's figure. Over the period under review, imports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2019 with an increase of 278% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, titanium dioxide imports surged to $X in 2021. In general, imports saw a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 436%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Mexico (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of titanium dioxide imports to the Philippines, together accounting for 53% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +69.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium dioxide suppliers to the Philippines were Mexico ($X), the United States ($X) and Taiwan (Chinese) ($X), together accounting for 64% of total imports.

Mexico, with a CAGR of +70.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average titanium dioxide import price stood at $X per ton in 2021, with an increase of 5.1% against the previous year. In general, the import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2014 an increase of 44%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+55.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for titanium dioxide in the world?

The countries with the highest volumes of titanium dioxide consumption in 2020 were China, Germany and India, with a combined 53% share of global consumption. The United States, Japan, Indonesia, Mexico, France, the UK, Italy, Ethiopia and South Korea lagged somewhat behind, together comprising a further 26%.

What are the largest producers of titanium dioxide in the world?

The countries with the highest volumes of titanium dioxide production in 2020 were China, Germany and India, together comprising 61% of global production. The United States, Japan, Indonesia, France, Mexico, South Korea, the UK and Ethiopia lagged somewhat behind, together comprising a further 24%.

What are the leading suppliers of titanium dioxide to the Philippines?

In value terms, the largest titanium dioxide suppliers to the Philippines were Mexico, the United States and Singapore, together comprising 72% of total imports.

What are the leading importers of titanium dioxide from the Philippines?

In value terms, Indonesia emerged as the key foreign market for titanium dioxide exports from the Philippines, comprising 67% of total exports. The second position in the ranking was occupied by Thailand, with a 28% share of total exports.

What is the average export price for titanium dioxide in the Philippines?

The average titanium dioxide export price stood at $3,211 per ton in 2020, shrinking by -43.5% against the previous year.

What is the average import price for titanium dioxide in the Philippines?

In 2020, the average titanium dioxide import price amounted to $3,291 per ton, increasing by 30% against the previous year.

This report provides an in-depth analysis of the titanium dioxide market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20121150 - Titanium oxides

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023