South Africa: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in South Africa

The South African titanium dioxide market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a noticeable downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Titanium Dioxide Production in South Africa

In value terms, titanium dioxide production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. Titanium dioxide production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Titanium Dioxide Exports

Exports from South Africa

In 2021, the amount of titanium dioxide exported from South Africa dropped modestly to X tons, remaining constant against 2020. Overall, exports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2013 when exports increased by 170%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, titanium dioxide exports reached $X in 2021. In general, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 104% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Botswana (X tons), Zimbabwe (X tons) and Zambia (X tons) were the main destinations of titanium dioxide exports from South Africa, together comprising 81% of total exports. Swaziland, Malawi, Ghana, Namibia and Kenya lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Namibia (with a CAGR of +73.7%), while the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Zimbabwe ($X) and Zambia ($X) constituted the largest markets for titanium dioxide exported from South Africa worldwide, together accounting for 79% of total exports. These countries were followed by Swaziland, Malawi, Ghana, Namibia and Kenya, which together accounted for a further 17%.

Namibia, with a CAGR of +55.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average titanium dioxide export price stood at $X per ton in 2021, with an increase of 2.4% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 26%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Botswana ($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 Djibouti (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Imports

Imports into South Africa

After three years of growth, purchases abroad of titanium dioxide decreased by -2% to X tons in 2021. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 23% against the previous year. Imports peaked at X tons in 2020, and then dropped modestly in the following year.

In value terms, titanium dioxide imports dropped to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 27%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of titanium dioxide to South Africa, with a 94% share of total imports. Moreover, titanium dioxide imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.4% per year) and India (+39.7% per year).

In value terms, China ($X) constituted the largest supplier of titanium dioxide to South Africa, comprising 93% of total imports. The second position in the ranking was held by Germany ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.7% per year) and India (+38.4% per year).

Import Prices by Country

In 2021, the average titanium dioxide import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price, however, showed a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of 37% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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