China's titanium dioxide exports will continue to grow
June 24, 2022
We know that China is the world's largest producer of titanium dioxide, but also the world's largest exporter of titanium dioxide, so in recent years, China's titanium dioxide export situation?
In recent years, the export volume of titanium dioxide in China has been showing steady growth. According to monitoring, the export of titanium dioxide in China was only 380,000 tons in 2011. By 2016, the annual export of titanium dioxide in China had reached more than 720,000 tons, an increase of 360,000 tons, or an increase of 95%. In 2011, the average monthly export volume of titanium dioxide in China was only 20,000 tons. At present, China's monthly exports of titanium dioxide are more than 50,000 tons.
Just mentioned that the export of titanium dioxide in China has continued to increase in recent years. Which countries in China's exporters of titanium dioxide have increased their export volume?
At present, the fastest growing export of titanium dioxide in China is in parts of Southeast Asia represented by India, Indonesia, and Vietnam. The amount of titanium dioxide exported to India is particularly large. We use India as an example. In early 2011, India’s monthly export volume was less than 0.2 million tons. In May 2017, titanium dioxide exported to India had reached more than 0.6 million tons, accounting for 8.6% of the monthly export volume.
Well, some developing countries, such as India, are the main economic growth point for China's titanium dioxide exports. We also use India as an example. Do they have their own titanium dioxide production capacity? If you have your own titanium dioxide production capacity, why do you need to import a lot of foreign products?
India has its own titanium dioxide production capacity, but as far as we know, currently India's titanium dioxide production capacity is less than 100,000 tons, and the output is very limited, coupled with its technical limitations, product quality is also very slow progress. The current annual demand for titanium dioxide in India is more than 200,000 tons. At present, 60-70% of the titanium dioxide consumed in India needs to be imported from abroad.
What is the forecast demand for imported titanium dioxide in India in the later period?
We predict that the demand for titanium dioxide in the future in India will continue to grow, and China, as a major exporter of titanium dioxide on the market, combined with geographical advantages, will also continue to increase the export of titanium dioxide in India. of.
What kind of basis do you rely on this prediction?
First of all, as an emerging economy, India has great potential for development. We know that titanium dioxide is mainly used in paints, and India's huge population size, real estate development will not be overlooked, and the demand for titanium dioxide in the latter period is not to be underestimated.
Secondly, India's economic discovery has been rapid. In 2016, India's GDP growth rate reached 6.6%, and the total GDP reached the fifth place in the world, even exceeding that of the United Kingdom. The overall demand for titanium dioxide in the industry also warned of continued growth.
In addition, there is a lack of corresponding stabilization policies and development plans in India. The production technology of domestic titanium dioxide is lagging behind, and most of them are controlled by the United States, Japan, South Africa and other countries. The production of titanium dioxide powder and Ethylene-Vinyl Acetate is slow.
Finally, the domestic titanium mines in India are mainly distributed in the coastal areas near the Indian Ocean in the south, and the government is also intractable for the environmental problems brought about by mining, and no effective measures can be found.
Therefore, we predict that India’s import demand will be absolutely necessary for a long time to come.
In the end, what is the forecast of China's future titanium dioxide export situation?
According to the above situation, the export volume of titanium dioxide in China will continue to maintain a relatively high level, and with the continuous improvement of the quality of China's titanium dioxide products, China's titanium dioxide in the international status will continue to increase, will use more and more High-end areas. In addition, the continuous economic development of India and other countries, the use of titanium dioxide will continue to increase, it is expected that China's Sodium Hexametaphosphate exports will continue to increase.
