Titanium Dioxide Pigments Market in the European Union
In value terms, titanium dioxide pigments production amounted to $ in estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2012 to , production growth remained at a somewhat lower figure.
The country with the largest volume of titanium dioxide pigments production was Germany ( tons), accounting for % of total volume. Moreover, titanium dioxide pigments production in Germany exceeded the figures recorded by the second-largest producer, Spain ( tons), threefold. Belgium ( tons) ranked third in terms of total production with an % share.
From 2007 to , the average annual rate of growth in terms of volume in Germany stood at -%. The remaining producing countries recorded the following average annual rates of production growth: Spain (+% per year) and Belgium (-% per year).
The revenue of the titanium dioxide pigments market in the European Union expanded modestly to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked in and is likely to see gradual growth in the immediate term.
From 2007 to , the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Finland (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.
In value terms, Germany ($), Italy ($) and Spain ($) constituted the countries with the highest levels of market value in , with a combined % share of the total market. Finland, France, Poland and the Czech Republic lagged somewhat behind, together comprising a further %.
In terms of the main consuming countries, Finland, with a CAGR of +%, recorded the highest rates of growth with regard to market size, over the period under review, while market for the other leaders experienced more modest paces of growth.
In , the highest levels of titanium dioxide pigments per capita consumption was registered in Finland ( kg per person), followed by Germany ( kg per person), Spain ( kg per person) and Italy ( kg per person), while the world average per capita consumption of titanium dioxide pigments was estimated at kg per person.
In Finland, titanium dioxide pigments per capita consumption increased at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: Germany (-% per year) and Spain (+% per year).