Titanium dioxide, chemically named titanium(IV) oxide (TiO₂), is a vital inorganic chemical pigment renowned for its excellent hiding power, coloring strength, and high brightness. It finds widespread application across various sectors, including coatings, plastics, paper, printing inks, synthetic fibers, rubber, cosmetics, among others. As a key chemical raw material globally, China holds a pivotal position in the titanium dioxide industry, acting both as a leading producer and a significant trading nation.

This report, grounded in import and export data spanning from January 2018 to July 2024, conducts a comprehensive analysis of China's titanium dioxide performance in the international market. Its objective is to elucidate trade trends, market distribution, and potential future trajectories.

From the customs data between 2018 and 2024, it is evident that China's titanium dioxide exports, in terms of both value and volume, have consistently grown. Notably, between 2020 and 2022, export value experienced a leap, escalating from US2.287billionin2018toUS3.836 billion in 2022, representing a staggering 67.7% YoY increase. This surge underscores a heightened global demand coupled with price escalations.

While the export value in 2023 slightly dipped compared to 2022, the export volume registered a 16.74% increase. More strikingly, even with only seven months' worth of export data available for 2024, the figures already point to a robust growth in both export volume and value compared to the same period in 2023, with respective growth rates of 16.53% and 19.01%.

Compared to exports, China's titanium dioxide imports, both in terms of volume and value, have exhibited an overall declining trend, with a notable reduction starting from 2022. This, to some extent, signifies enhanced domestic production capacity and self-sufficiency in China. The sustained growth in export volumes coupled with reduced imports has enabled China to maintain a significant trade surplus in titanium dioxide, highlighting the competitiveness and dominant position of China's titanium dioxide industry in the global market. This growing surplus not only reflects technological advancements and cost-effectiveness in China's titanium dioxide production but also denotes an escalating international recognition for Chinese-produced titanium dioxide.

Data further reveals that China's primary titanium dioxide export destinations include markets such as India, Brazil, South Korea, Turkey, Vietnam, Indonesia, the UAE, Russia, Malaysia, and Thailand, indicating strong demand for high-quality raw materials in industries like construction, coatings, and plastics within these economies. Meanwhile, import sources are mainly concentrated in regions like Taiwan, China, Mexico, Australia, the United States, Japan, Germany, and the UK, suggesting efforts by China to diversify import channels to ensure a stable and cost-effective supply chain.

In summary, China's titanium dioxide industry demonstrates robust competitiveness in the global market. However, in light of future market uncertainties, attention must be paid to fluctuations in international trade data, with a focus on maintaining sustainable development strategies, reinforcing international cooperation, and securing long-term, stable partnerships.

Guomao Tong, as China's pioneering data company, provides customs data for over 80 countries' imports and exports from 2010 to the present, enabling precise online analysis of market distributions for imports and exports, detailed transaction information of trading companies, specific quantity-price assessments, and supply cycles. This data serves as a reliable basis for major foreign trade enterprises and industry consulting firms.

Note: The previous customs code 32061110 was updated to 32061111 and 32061119 in 2024.

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