Report Update Nov 1, 2024

Sri Lanka - Titanium Dioxide - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Sri Lanka

In 2021, the Sri Lankan titanium dioxide market decreased by -47.7% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt setback. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Titanium Dioxide Exports

Exports from Sri Lanka

In 2021, shipments abroad of titanium dioxide increased by 77% to X tons, rising for the fourth year in a row after two years of decline. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 339% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, titanium dioxide exports surged to $X in 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 285%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Bangladesh (X tons) was the main destination for titanium dioxide exports from Sri Lanka, accounting for a 91% share of total exports. Moreover, titanium dioxide exports to Bangladesh exceeded the volume sent to the second major destination, Maldives (X kg), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh was relatively modest.

In value terms, Bangladesh ($X) emerged as the key foreign market for titanium dioxide exports from Sri Lanka, comprising 89% of total exports. The second position in the ranking was held by Maldives ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh was relatively modest.

Export Prices by Country

In 2021, the average titanium dioxide export price amounted to $X per ton, shrinking by -1.9% against the previous year. In general, the export price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 9.9% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Bangladesh totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-2.1%).

Titanium Dioxide Imports

Imports into Sri Lanka

In 2021, approx. X tons of titanium dioxide were imported into Sri Lanka; falling by -49.7% against the previous year's figure. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 92%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, titanium dioxide imports dropped significantly to $X in 2021. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 96%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of titanium dioxide imports to Sri Lanka, together accounting for 77% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +22.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest titanium dioxide suppliers to Sri Lanka, together comprising 68% of total imports.

In terms of the main suppliers, India, with a CAGR of +12.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average titanium dioxide import price stood at $X per ton in 2021, growing by 8.2% against the previous year. Overall, the import price, however, showed a mild downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 14% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for titanium dioxide in the world?

The countries with the highest volumes of titanium dioxide consumption in 2020 were China, Germany and India, together accounting for 53% of global consumption. These countries were followed by the United States, Japan, Indonesia, Mexico, France, the UK, Italy, Ethiopia and South Korea, which together accounted for a further 26%.

What are the largest producers of titanium dioxide in the world?

The countries with the highest volumes of titanium dioxide production in 2020 were China, Germany and India, together accounting for 61% of global production. These countries were followed by the United States, Japan, Indonesia, France, Mexico, South Korea, the UK and Ethiopia, which together accounted for a further 24%.

What are the leading suppliers of titanium dioxide to Sri Lanka?

In value terms, India constituted the largest supplier of titanium dioxide to Sri Lanka, comprising 53% of total imports. The second position in the ranking was occupied by China, with a 25% share of total imports. It was followed by South Korea, with a 9.9% share.

What are the leading importers of titanium dioxide from Sri Lanka?

In value terms, Maldives remains the key foreign market for titanium dioxide exports from Sri Lanka, comprising 95% of total exports. The second position in the ranking was occupied by India $62), with a 4.9% share of total exports.

What is the average export price for titanium dioxide in Sri Lanka?

In 2020, the average titanium dioxide export price amounted to $2,491 per ton, approximately equating the previous year.

What is the average import price for titanium dioxide in Sri Lanka?

The average titanium dioxide import price stood at $2,377 per ton in 2020, with a decrease of -22.5% against the previous year.

This report provides an in-depth analysis of the titanium dioxide market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20121150 - Titanium oxides

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023