Southern Asia: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Southern Asia

In 2021, after two years of decline, there was significant growth in the South Asian titanium dioxide pigments market, when its value increased by 58% to $X. In general, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Titanium Dioxide Pigments Production in Southern Asia

In value terms, titanium dioxide pigments production rose modestly to $X in 2021 estimated in export price. Over the period under review, production saw a deep downturn. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Titanium Dioxide Pigments Exports

Exports in Southern Asia

Titanium dioxide pigments exports amounted to X tons in 2021, surging by 9.8% on the previous year's figure. Total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +12.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 59% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, titanium dioxide pigments exports skyrocketed to $X in 2021. Total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 61%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, India (X tons) represented the major exporter of titanium dioxide pigments and colouring preparations in Southern Asia, achieving 100% of total export.

India was also the fastest-growing in terms of the titanium dioxide pigments and colouring preparations exports, with a CAGR of +2.5% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest titanium dioxide pigments supplier in Southern Asia.

In India, titanium dioxide pigments exports increased at an average annual rate of +3.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, increasing by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +1.1% per year.

Titanium Dioxide Pigments Imports

Imports in Southern Asia

In 2021, approx. X tons of titanium dioxide pigments and colouring preparations were imported in Southern Asia; rising by 30% on the previous year. In general, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, titanium dioxide pigments imports surged to $X in 2021. Over the period under review, imports posted strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, recording X tons, which was near 83% of total imports in 2021. Pakistan (X tons) ranks second in terms of the total imports with an 8% share, followed by Bangladesh (5.4%). Sri Lanka (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the titanium dioxide pigments and colouring preparations imports, with a CAGR of +11.5% from 2012 to 2021. At the same time, Sri Lanka (+10.5%), Bangladesh (+9.6%) and Pakistan (+7.2%) displayed positive paces of growth. From 2012 to 2021, the share of India increased by +3.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported titanium dioxide pigments and colouring preparations in Southern Asia, comprising 83% of total imports. The second position in the ranking was held by Pakistan ($X), with an 8% share of total imports. It was followed by Bangladesh, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +9.7%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+5.7% per year) and Bangladesh (+9.5% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, picking up by 23% against the previous year. Overall, the import price, however, saw a slight slump. The pace of growth was the most pronounced in 2017 when the import price increased by 25%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in India ($X per ton) and Pakistan ($X per ton), while Bangladesh ($X per ton) and Sri Lanka ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :