Sweden: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Sweden

In 2021, the Swedish titanium dioxide pigments market decreased by -9.2% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption saw a perceptible slump. Titanium dioxide pigments consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Titanium Dioxide Pigments Production in Sweden

In value terms, titanium dioxide pigments production declined to $X in 2021 estimated in export price. Over the period under review, production, however, recorded strong growth. The growth pace was the most rapid in 2018 when the production volume increased by 111%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Titanium Dioxide Pigments Exports

Exports from Sweden

In 2021, shipments abroad of titanium dioxide pigments and colouring preparations increased by 13% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when exports increased by 23%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, titanium dioxide pigments exports soared to $X in 2021. Overall, total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 46%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons) was the main destination for titanium dioxide pigments exports from Sweden, accounting for a 41% share of total exports. Moreover, titanium dioxide pigments exports to Germany exceeded the volume sent to the second major destination, Norway (X tons), fourfold. Spain (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-1.3% per year) and Spain (+10.3% per year).

In value terms, Germany ($X) remains the key foreign market for titanium dioxide pigments and colouring preparations exports from Sweden, comprising 36% of total exports. The second position in the ranking was held by Norway ($X), with a 9.4% share of total exports. It was followed by Denmark, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-3.4% per year) and Denmark (-2.2% per year).

Export Prices by Country

The average titanium dioxide pigments export price stood at $X per ton in 2021, increasing by 7.9% against the previous year. Over the period under review, the export price, however, showed a slight slump. The pace of growth appeared the most rapid in 2018 an increase of 26% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Germany ($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 Denmark (+1.2%), while the prices for the other major destinations experienced a decline.

Titanium Dioxide Pigments Imports

Imports into Sweden

In 2021, supplies from abroad of titanium dioxide pigments and colouring preparations decreased by -3.7% to X tons, falling for the fourth consecutive year after six years of growth. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 7.8% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, titanium dioxide pigments imports amounted to $X in 2021. In general, imports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2017 when imports increased by 25%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Norway (X tons) constituted the largest supplier of titanium dioxide pigments to Sweden, with a 40% share of total imports. Moreover, titanium dioxide pigments imports from Norway exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+32.5% per year) and Germany (+1.9% per year).

In value terms, Norway ($X) constituted the largest supplier of titanium dioxide pigments and colouring preparations to Sweden, comprising 39% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+27.9% per year) and Germany (-0.1% per year).

Import Prices by Country

In 2021, the average titanium dioxide pigments import price amounted to $X per ton, increasing by 7% against the previous year. Over the period under review, the import price, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by 24% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Germany ($X per ton), while the price for Italy ($X per ton) and Norway ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :