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Titanium dioxide exports continued to increase trade surplus
With the development of titanium dioxide in the world and increasingly mature industry chain, the leading enterprises with the early development take the lead in occupying high-end titanium dioxide products, and the demand of a large number of low-end production flows to developing countries, and as the developing country with the most explosive production of titanium dioxide in our country, the export volume has maintained a high growth over the past five years.
The export of titanium dioxide in our country showed a growing trend from 2015 to 2020, and the growth rate showed a fluctuation. In 2016, titanium dioxide export volume rose sharply, to 721,000 tons, a year-on-year growth of 33.81%, is the highest increase in recent years, mainly due to China as the world titanium dioxide export country, the Federal Reserve interest rate increase, the UK Brexit, the RMB exchange rate continues to fall, greatly promote the export of our titanium dioxide. The export volume of titanium dioxide in 2020 reached a new high of 1.214 million tons, up by 21.0% year on year.
Because of our titanium dioxide production is enough to meet the domestic demand, the imports are mainly high-end products, in the past five years, the import volume of titanium dioxide shows a trend of decline, in addition to the growth of titanium dioxide export volume, the decline of import volume has also led to the increase of trade surplus. In 2016, the trade margin of titanium dioxide product was $543 million, which increased to $1.686 billion in 2020, an increase of more than 2 times.
In the past five years, the production of titanium dioxide continued to increase, mainly rutile products
With the continuous maturation of the technology and equipment for titanium dioxide production in our country, the production of titanium white is basically on the increase, and only in 2015 the production of titanium white has decreased in ten years. According to the statistics of the National chemical Industry Productivity promotion Center Titanium white branch center and the secretariat of the strategic Alliance of titanium dioxide industry technology innovation, the comprehensive output of all kinds of titanium dioxide and related products of all kinds of whole-process titanium dioxide production enterprises, from 2010 annual output of 1.47 million tons, jumped to 3.51 million tons in 2020, more than double the growth.
From the production proportion of titanium dioxide subdivision products in 2020, in the total production of 3.51 million tons, rutile titanium dioxide is 2.856 million tons, accounting for 81.31%; Anatase titanium dioxide was 538,000 tons, accounting for 15.33%; Non-pigment grade titanium dioxide was 6.0 thousand tons, accounting for 1.71%; The catalytic and functional materials titanium dioxide was 58 thousand tons, accounting for 1.65%.
The growth rate of titanium dioxide production was higher than that of demand
Influenced by the migration of titanium dioxide production from the world to domestic, the growth rate of titanium dioxide production in our country is generally higher than the growth rate of apparent consumption. According to the formula (the difference between the growth rate of supply and demand = the growth rate of titanium dioxide production – the growth rate of titanium dioxide apparent consumption), from 2013 to 2020, the growth rate of our titanium dioxide production is only lower than the growth rate of demand in 2018, and the difference in the rest of the years are positive, with the largest difference in 2016. Because titanium dioxide industry has been in the stage of oversupply, production is higher than apparent consumption, and the production growth rate is higher than the growth rate of apparent consumption for a long time, in the increasing industry oversupply.
Post time: Dec-02-2022
