Sweden: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Sweden

In 2021, the Swedish titanium dioxide market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a slight slump. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Titanium Dioxide Production in Sweden

In value terms, titanium dioxide production expanded slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 55%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Titanium Dioxide Exports

Exports from Sweden

Titanium dioxide exports from Sweden surged to X tons in 2021, increasing by 212% compared with 2020. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 1,163% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, titanium dioxide exports soared to $X in 2021. Overall, exports recorded buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 928% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for titanium dioxide exports from Sweden, accounting for a 98% share of total exports. It was followed by Norway (X tons), with a 0.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-18.5% per year) and Denmark (-9.5% per year).

In value terms, Germany ($X) remains the key foreign market for titanium dioxide exports from Sweden, comprising 96% of total exports. The second position in the ranking was taken by Denmark ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-8.9% per year) and Norway (-17.6% per year).

Export Prices by Country

The average titanium dioxide export price stood at $X per ton in 2021, remaining constant against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 49%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Norway ($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 Germany (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Imports

Imports into Sweden

In 2021, approx. X tons of titanium dioxide were imported into Sweden; increasing by 96% on the previous year's figure. Overall, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 106% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, titanium dioxide imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 78%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Norway (X tons) constituted the largest supplier of titanium dioxide to Sweden, accounting for a 85% share of total imports. Moreover, titanium dioxide imports from Norway exceeded the figures recorded by the second-largest supplier, Denmark (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway totaled +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+15.9% per year) and South Korea (+20.6% per year).

In value terms, Norway ($X) constituted the largest supplier of titanium dioxide to Sweden, comprising 76% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.7% share of total imports. It was followed by Denmark, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from Norway totaled +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.0% per year) and Denmark (+10.0% per year).

Import Prices by Country

In 2021, the average titanium dioxide import price amounted to $X per ton, declining by -17.8% against the previous year. Over the period under review, the import price saw a pronounced descent. The growth pace was the most rapid in 2018 an increase of 51% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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