SADC: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in SADC

In 2021, the SADC titanium dioxide market increased by 2.5% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a pronounced contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Titanium Dioxide Production in SADC

In value terms, titanium dioxide production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 14% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Titanium Dioxide Exports

Exports in SADC

In 2021, shipments abroad of titanium dioxide decreased by -1.3% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 134% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, titanium dioxide exports expanded notably to $X in 2021. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 80%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, recording X tons, which was near 87% of total exports in 2021. It was distantly followed by Mauritius (X tons), mixing up a 7.6% share of total exports. Tanzania (X tons) followed a long way behind the leaders.

South Africa was also the fastest-growing in terms of the titanium dioxide exports, with a CAGR of -4.0% from 2012 to 2021. Mauritius (-6.9%) and Tanzania (-11.5%) illustrated a downward trend over the same period. South Africa (+8.5 p.p.) significantly strengthened its position in terms of the total exports, while Tanzania saw its share reduced by -3.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest titanium dioxide supplier in SADC, comprising 83% of total exports. The second position in the ranking was taken by Mauritius ($X), with an 11% share of total exports.

In South Africa, titanium dioxide exports shrank by an average annual rate of -9.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Mauritius (-8.6% per year) and Tanzania (-12.6% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, picking up by 6.9% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 24%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

Titanium Dioxide Imports

Imports in SADC

In 2021, imports of titanium dioxide in SADC reduced slightly to X tons, therefore, remained relatively stable against 2020 figures. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, titanium dioxide imports stood at $X in 2021. In general, imports showed a mild decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 20% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa prevails in imports structure, amounting to X tons, which was approx. 82% of total imports in 2021. It was distantly followed by Tanzania (X tons), constituting a 6% share of total imports. Zambia (X tons), Angola (X tons), Zimbabwe (X tons) and Botswana (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of +4.3% from 2012 to 2021. At the same time, Botswana (+14.4%) and Zambia (+3.4%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of +14.4% from 2012-2021. Zimbabwe experienced a relatively flat trend pattern. By contrast, Tanzania (-5.4%) and Angola (-6.6%) illustrated a downward trend over the same period. South Africa (+12 p.p.) significantly strengthened its position in terms of the total imports, while Angola and Tanzania saw its share reduced by -3.8% and -6.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported titanium dioxide in SADC, comprising 79% of total imports. The second position in the ranking was held by Tanzania ($X), with a 6.7% share of total imports. It was followed by Angola, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (-7.8% per year) and Angola (-4.0% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2021, growing by 2.6% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. The growth pace was the most rapid in 2017 an increase of 32%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Angola (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform