The top 10 countries for China's titanium dioxide exports in 2023

2024/04/15


The top 10 countries for China's titanium dioxide exports in 2023

 

According to data from the General Administration of Customs, China's titanium dioxide exports reached 143,300 tons in December 2023, representing a month-on-month increase of 14.73% and a year-on-year increase of 12.87%. The top three export destinations were India, Brazil, and South Korea, accounting for 17.24%, 7.08%, and 5.77% of the total exports, respectively.

 

For the full year of 2023, cumulative titanium dioxide exports reached approximately 1,641,800 tons, representing a year-on-year increase of 16.75%, an increase of approximately 235,600 tons. This marked a new record high for titanium dioxide exports. The top three export destinations for the year were India, Brazil, and Turkey. The average export price for titanium dioxide from January to December 2023 was $2,191.36 per ton, representing a year-on-year decrease of 19.65%.

 

In terms of titanium dioxide imports and exports, India remained the largest export destination, with major countries maintaining growth.

 

 

 

India remains the largest overseas market for titanium dioxide exports, and imports from emerging countries continue to grow. According to data from SCI99, in December 2023, the top 10 countries for China's titanium dioxide exports were India, Brazil, South Korea, Turkey, Vietnam, Russia, Indonesia, the United Arab Emirates, Malaysia, and Belgium. Together, they accounted for approximately 58% of the total export share.

 

From 2019 to 2022, the export volumes of titanium dioxide to major exporting countries experienced significant growth. The compound annual growth rates (CAGRs) for India, Brazil, Turkey, Vietnam, Indonesia, the United Arab Emirates, and Malaysia were 19.19%, 11.73%, 25.62%, 5.37%, 7.38%, 19.69%, and 9.15%, respectively. The development prospects of emerging countries are promising, and they are expected to continue driving the sustained growth of China's titanium dioxide exports.

 

 

 

 

 

 

Key words:

titanium dioxide,top 10 countries