Venezuela: Titanium Dioxide Pigments Market 2025

Titanium Dioxide Pigments Market Size in Venezuela

In 2021, the Venezuelan titanium dioxide pigments market increased by 221% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a abrupt contraction. Titanium dioxide pigments consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Titanium Dioxide Pigments Exports

Exports from Venezuela

In 2021, exports of titanium dioxide pigments and colouring preparations from Venezuela soared to X tons, jumping by 19% against the previous year. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 99% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, titanium dioxide pigments exports dropped to $X in 2021. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 192%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for titanium dioxide pigments exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Colombia amounted to +30.9%.

In value terms, Colombia ($X) also remains the key foreign market for titanium dioxide pigments and colouring preparations exports from Venezuela.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia amounted to +26.7%.

Export Prices by Country

The average titanium dioxide pigments export price stood at $X per ton in 2021, waning by -17.9% against the previous year. Over the period under review, the export price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2018 an increase of 146% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to +0.9% per year.

Titanium Dioxide Pigments Imports

Imports into Venezuela

In 2021, supplies from abroad of titanium dioxide pigments and colouring preparations increased by 152% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a abrupt curtailment. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, titanium dioxide pigments imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Norway (X tons) and Colombia (X tons) were the main suppliers of titanium dioxide pigments imports to Venezuela, together accounting for 85% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +20.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest titanium dioxide pigments suppliers to Venezuela were China ($X), Norway ($X) and Mexico ($X), with a combined 85% share of total imports. Colombia, the United States, Germany and Malaysia lagged somewhat behind, together accounting for a further 6.8%.

In terms of the main suppliers, Colombia, with a CAGR of +19.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average titanium dioxide pigments import price stood at $X per ton in 2021, increasing by 38% against the previous year. Overall, the import price, however, showed a mild setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Mexico ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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