Export Analysis and Forecast of Chinese Titanium Dioxide

China is one of the biggest titanium dioxide producers in the world and is also the largest exporter of titanium dioxide. In recent years, the export volume of Chinese titanium dioxide has increased stably. In 2011, the export volume was only 380kt. In 2016, the volume reached 720kt. The growth rate reached 95%. The average monthly export volume was only 20kt or so in 2011 while that reached above 50kt in 2017.
India, Indonesia and Vietnam have seen the fastest growth of titanium dioxide’s export. The amount of titanium dioxide exported to India is huge. At the beginning of 2011, the monthly export volume to India was less than 2kt. In May 2017, the monthly export volume reached 6kt.
But, is there titanium dioxide capacity in India?
According to Echemi’s data, the total capacity of titanium dioxide in India is less than 100kt/a. Moreover, the output is limited. The total demand is around 200kt per year and around 60%-70% of titanium dioxide need to be imported from other countries.
It is predicted that the export volume to India will continue to increase. Reasons are as follows:
First, India is the emerging economic entity and the development potential is great. The major application of titanium dioxide is coating. Given the population size in India, the development of real estate will be huge. So, the demand for titanium dioxide will be large.
Second, the economic growth is fast and the GDP in 2016 reached 6.6%. The demand for titanium in the industry application will increase, too.
Third, India lacks developed production technology of titanium dioxide. The growth of capacity will be slow.
Finally, the titanium ore in India mainly locates in costal areas in South India and it is hard to mine on the environmental problem.
China’s titanium dioxide export will keep increasing with the quality improvement of titanium dioxide and the enhanced status in the global market. With the development of some less developed countries, the demand for Chinese-made titanium dioxide will be huge.

souce: http://info.echemi.com/en-price/5984.html