China's foreign trade pattern of titanium dioxide changes greatly this year, import reversal decline, exports will reach 150,000 tons a record
Over the past decade, China's titanium dioxide industry has experienced significant growth, particularly in its import and export activities. While imports had been rising steadily in previous years, this year's total imports are expected to be lower than in 2004, while exports are projected to reach a record high of around 150,000 tons.
According to historical data, China's titanium dioxide imports surged from 23,500 tons in 1990 to 109,000 tons in 1999. From 2000 to 2004, the figures were 142,000, 153,000, 188,000, 229,000, and 251,000 tons respectively. Meanwhile, exports increased from 14,100 tons in 1990 to 42,000 tons in 1999. Between 2001 and 2004, exports rose to 55,600, 55,500, 68,300, and 79,000 tons, respectively. It's clear that up until 2002, export growth was relatively modest compared to the steady increase in imports.
However, 2005 marked a turning point for China’s titanium dioxide trade. According to customs data, in the first nine months of the year, imports reached 170,100 tons, while exports totaled 119,900 tons. Compared to the same period in 2004, imports dropped significantly, while exports saw a sharp rise. This trend suggests that China's titanium dioxide imports will fall below 2004 levels, while exports are set to hit an all-time high.
Since 1998, China's titanium dioxide industry has grown rapidly. Production capacity expanded from 190,000 tons in 1998 to 430,000 tons in 2001, making China the world's second-largest producer. By 2004, it had risen to 720,000 tons, with projections indicating it would surpass 900,000 tons by 2006. Actual production also climbed, from 140,000 tons in 1998 to 600,000 tons in 2004.
In 2005, as domestic capacity expansion slowed, demand continued to grow, leading to temporary shortages. Many companies found their production capacities fully utilized, signaling a tight market environment in the near term.
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