Eastern Europe: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Eastern Europe

In 2023, after three years of growth, there was decline in the East European titanium dioxide pigments market, when its value decreased by X% to $X. The total consumption indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2016 indices. Over the period under review, the market hit record highs at $X in 2022, and then dropped slightly in the following year.

Titanium Dioxide Pigments Production in Eastern Europe

In value terms, titanium dioxide pigments production totaled $X in 2023 estimated in export price. Over the period under review, production, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Titanium Dioxide Pigments Exports

Exports in Eastern Europe

In 2023, overseas shipments of titanium dioxide pigments and colouring preparations decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, titanium dioxide pigments exports reduced to $X in 2023. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, the Czech Republic (X tons) was the main exporter of titanium dioxide pigments and colouring preparations, generating X% of total exports. Poland (X tons) took the second position in the ranking, followed by Russia (X tons) and Ukraine (X tons). All these countries together held approx. X% share of total exports. Hungary (X tons) followed a long way behind the leaders.

Exports from the Czech Republic increased at an average annual rate of X% from 2012 to 2023. At the same time, Russia (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. Poland experienced a relatively flat trend pattern. By contrast, Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Czech Republic, Russia, Poland and Hungary increased by X, X, X and X percentage points, respectively.

In value terms, the Czech Republic ($X) remains the largest titanium dioxide pigments supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In the Czech Republic, titanium dioxide pigments exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Poland (X% per year) and Russia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, waning by X% against the previous year. Export price indicated a modest increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, titanium dioxide pigments export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Titanium Dioxide Pigments Imports

Imports in Eastern Europe

In 2023, approx. X tons of titanium dioxide pigments and colouring preparations were imported in Eastern Europe; approximately reflecting 2022 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, titanium dioxide pigments imports reduced to $X in 2023. Total imports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then fell in the following year.

Imports by Country

Russia (X tons) and Poland (X tons) dominates imports structure, together making up X% of total imports. It was distantly followed by Romania (X tons), comprising a X% share of total imports. Ukraine (X tons), Belarus (X tons), Hungary (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, declining by X% against the previous year. In general, the import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform