Scandinavia: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Scandinavia

The Scandinavia titanium dioxide pigments market dropped notably to $X in 2021, reducing by -80.5% against the previous year. In general, consumption, however, recorded a slight expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Titanium Dioxide Pigments Production in Scandinavia

In value terms, titanium dioxide pigments production shrank notably to $X in 2021 estimated in export price. Overall, production faced a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Titanium Dioxide Pigments Exports

Exports in Scandinavia

Titanium dioxide pigments exports soared to X tons in 2021, with an increase of 33% against the previous year. Over the period under review, exports, however, showed a abrupt contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, titanium dioxide pigments exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 46%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Norway represented the main exporter of titanium dioxide pigments and colouring preparations in Scandinavia, with the volume of exports reaching X tons, which was near 72% of total exports in 2021. It was distantly followed by Sweden (X tons), mixing up a 27% share of total exports.

Norway was also the fastest-growing in terms of the titanium dioxide pigments and colouring preparations exports, with a CAGR of +8.5% from 2012 to 2021. At the same time, Sweden (+4.9%) displayed positive paces of growth. From 2012 to 2021, the share of Norway and Sweden increased by +52 and +17 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest titanium dioxide pigments supplier in Scandinavia, comprising 69% of total exports. The second position in the ranking was taken by Sweden ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Norway stood at +5.7%.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, picking up by 9.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 27% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-1.8%).

Titanium Dioxide Pigments Imports

Imports in Scandinavia

In 2021, the amount of titanium dioxide pigments and colouring preparations imported in Scandinavia shrank slightly to X tons, reducing by -4.8% on the previous year. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2017 with an increase of 17% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, titanium dioxide pigments imports expanded to $X in 2021. Overall, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 40% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) represented the major importer of titanium dioxide pigments and colouring preparations, committing 61% of total imports. Finland (X tons) held a 25% share (based on physical terms) of total imports, which put it in second place, followed by Norway (14%).

Sweden experienced a relatively flat trend pattern with regard to volume of imports of titanium dioxide pigments and colouring preparations. At the same time, Finland (+6.2%) and Norway (+3.9%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +6.2% from 2012-2021. From 2012 to 2021, the share of Finland and Norway increased by +8.3 and +2.5 percentage points, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported titanium dioxide pigments and colouring preparations in Scandinavia, comprising 62% of total imports. The second position in the ranking was taken by Finland ($X), with a 24% share of total imports.

In Sweden, titanium dioxide pigments imports plunged by an average annual rate of -2.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Finland (+2.9% per year) and Norway (+1.4% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, with an increase of 7.1% against the previous year. In general, the import price, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2018 an increase of 22% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform