Puerto Rico: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Puerto Rico

The Puerto Rican titanium dioxide pigments market reduced to $X in 2021, with a decrease of -13.5% against the previous year. Over the period under review, consumption continues to indicate a noticeable curtailment. Puerto Rico consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Titanium Dioxide Pigments Production in Puerto Rico

In value terms, titanium dioxide pigments production fell to $X in 2021 estimated in export price. In general, production recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. Puerto Rico production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Titanium Dioxide Pigments Exports

Exports from Puerto Rico

Titanium dioxide pigments exports from Puerto Rico totaled less than X kg in 2021, therefore, remained relatively stable against the year before. In general, exports showed a relatively flat trend pattern.

In value terms, titanium dioxide pigments exports totaled less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.

Exports by Country

China was the main exporter of titanium dioxide pigments and colouring preparations in the world, with the volume of exports finishing at X tons, which was near 46% of total exports in 2021. The United States (X tons) ranks second in terms of the total exports with an 8.4% share, followed by Belgium (8.2%) and Germany (6.2%). The UK (X tons), Australia (X tons), Taiwan (Chinese) (X tons), the Netherlands (X tons), Canada (X tons), France (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to titanium dioxide pigments exports from China stood at +14.6%. At the same time, the Netherlands (+32.7%), Taiwan (Chinese) (+7.2%), Spain (+6.3%), Canada (+5.8%), the UK (+5.2%), Belgium (+4.1%), Australia (+3.3%) and Germany (+2.4%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.7% from 2012-2021. By contrast, France (-1.2%) and the United States (-2.7%) illustrated a downward trend over the same period. China (+24 p.p.) and the Netherlands (+2.4 p.p.) significantly strengthened its position in terms of the global exports, while Germany and the United States saw its share reduced by -1.9% and -9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest titanium dioxide pigments supplier from Puerto Rico, comprising 44% of global exports. The second position in the ranking was held by the United States ($X), with an 8.9% share of global exports. It was followed by Belgium, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +13.9%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (-3.3% per year) and Belgium (+1.5% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price recorded a relatively flat trend pattern.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while Canada ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.2%), while the other leaders experienced mixed trends in the export price figures.

Titanium Dioxide Pigments Imports

Imports into Puerto Rico

In 2021, imports of titanium dioxide pigments and colouring preparations into Puerto Rico totaled less than X kg, approximately mirroring the year before. Overall, imports recorded a relatively flat trend pattern.

In value terms, titanium dioxide pigments imports amounted to less than $X in 2021. Over the period under review, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, China (X tons), Belgium (X tons), India (X tons), Germany (X tons), the United States (X tons), France (X tons), Turkey (X tons), South Korea (X tons), Italy (X tons), Brazil (X tons), Mexico (X tons) and Indonesia (X tons) was the largest importer of titanium dioxide pigments and colouring preparations in the world, mixing up 58% of total import. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of +20.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Belgium ($X) were the countries with the highest levels of imports in 2021, with a combined 24% share of total imports.

Belgium, with a CAGR of +16.0%, recorded the highest rates of growth with regard to the value of imports, among 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 Puerto Rico amounted to less than $X per ton, almost unchanged from the previous year. Overall, the import price saw a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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