Scandinavia: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Scandinavia

The Scandinavia titanium dioxide market dropped sharply to $X in 2021, with a decrease of -24.6% against the previous year. Over the period under review, consumption saw a abrupt shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Titanium Dioxide Production in Scandinavia

In value terms, titanium dioxide production fell notably to $X in 2021 estimated in export price. In general, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 49%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Titanium Dioxide Exports

Exports in Scandinavia

In 2021, overseas shipments of titanium dioxide increased by 199% to X tons, rising for the third consecutive year after two years of decline. In general, exports, however, continue to indicate a pronounced slump. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, titanium dioxide exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt setback. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) and Norway (X tons) dominates exports structure, together constituting 98% of total exports. Denmark (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +15.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Sweden ($X), Norway ($X) and Denmark ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 100% share of total exports.

Sweden, with a CAGR of +14.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, waning by -6.2% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of 31% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+0.9%), while the other leaders experienced a decline in the export price figures.

Titanium Dioxide Imports

Imports in Scandinavia

In 2021, the amount of titanium dioxide imported in Scandinavia skyrocketed to X tons, increasing by 51% on the previous year. Over the period under review, imports showed buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by 124%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, titanium dioxide imports soared to $X in 2021. Overall, imports posted a pronounced increase. The most prominent rate of growth was recorded in 2017 with an increase of 154% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden represented the key importer of titanium dioxide in Scandinavia, with the volume of imports reaching X tons, which was near 75% of total imports in 2021. Finland (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (8.3%). The following importers - Iceland (X tons) and Norway (X tons) - each reached a 6.2% share of total imports.

Sweden was also the fastest-growing in terms of the titanium dioxide imports, with a CAGR of +13.7% from 2012 to 2021. At the same time, Iceland (+11.8%) displayed positive paces of growth. By contrast, Denmark (-1.3%), Finland (-5.3%) and Norway (-6.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by +33 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported titanium dioxide in Scandinavia, comprising 62% of total imports. The second position in the ranking was taken by Finland ($X), with a 17% share of total imports. It was followed by Denmark, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Sweden totaled +10.2%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (-1.4% per year) and Denmark (-1.4% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, falling by -14.2% against the previous year. Over the period under review, the import price saw a mild descent. The most prominent rate of growth was recorded in 2018 an increase of 25%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform