Uzbekistan: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Uzbekistan

The Uzbek titanium dioxide pigments market dropped markedly to $X in 2021, shrinking by -19.1% against the previous year. Overall, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +52.8% against 2015 indices. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Titanium Dioxide Pigments Production in Uzbekistan

In value terms, titanium dioxide pigments production dropped markedly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 44% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Titanium Dioxide Pigments Exports

Exports from Uzbekistan

In 2021, overseas shipments of titanium dioxide pigments and colouring preparations decreased by -28.3% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 298%. As a result, the exports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, titanium dioxide pigments exports declined slightly to $X in 2021. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 369%. As a result, the exports reached the peak of $X, and then fell slightly in the following year.

Exports by Country

Turkmenistan (X tons) was the main destination for titanium dioxide pigments exports from Uzbekistan, with a 89% share of total exports. Moreover, titanium dioxide pigments exports to Turkmenistan exceeded the volume sent to the second major destination, Turkey (X kg), eightfold.

From 2019 to 2021, the average annual growth rate of volume to Turkmenistan stood at -36.2%.

In value terms, Turkmenistan ($X) remains the key foreign market for titanium dioxide pigments and colouring preparations exports from Uzbekistan, comprising 89% of total exports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total exports.

From 2019 to 2021, the average annual growth rate of value to Turkmenistan stood at -15.2%.

Export Prices by Country

The average titanium dioxide pigments export price stood at $X per ton in 2021, surging by 33% against the previous year. Over the period under review, export price indicated a significant expansion from 2019 to 2021: its price increased at an average annual rate of +25.3% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, titanium dioxide pigments export price increased by +56.9% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Turkmenistan amounted to $X per ton.

From 2019 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+41.8%).

Titanium Dioxide Pigments Imports

Imports into Uzbekistan

In 2021, overseas purchases of titanium dioxide pigments and colouring preparations decreased by -37.1% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 40% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then reduced markedly in the following year.

In value terms, titanium dioxide pigments imports totaled $X in 2021. The total import value increased at an average annual rate of +7.5% over the period from 2017 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 35%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of titanium dioxide pigments to Uzbekistan, accounting for a 44% share of total imports. Moreover, titanium dioxide pigments imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with an 8.9% share.

From 2017 to 2021, the average annual growth rate of volume from China amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-19.4% per year) and the United States (-6.3% per year).

In value terms, China ($X) constituted the largest supplier of titanium dioxide pigments and colouring preparations to Uzbekistan, comprising 43% of total imports. The second position in the ranking was taken by Russia ($X), with an 11% share of total imports. It was followed by the United States, with an 8.9% share.

From 2017 to 2021, the average annual rate of growth in terms of value from China totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-13.2% per year) and the United States (+7.9% per year).

Import Prices by Country

In 2021, the average titanium dioxide pigments import price amounted to $X per ton, rising by 61% against the previous year. In general, import price indicated a buoyant expansion from 2017 to 2021: its price increased at an average annual rate of +8.3% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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