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 hit a record high, reaching approximately 150,000 tons. This marks a turning point in the country’s trade dynamics for this key chemical product.
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, the export volumes were 55,600, 55,500, 68,300, and 79,000 tons, showing a gradual upward trend, but with limited growth before 2002.
However, 2005 marked a major shift in 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 rose sharply. It is now anticipated that imports will fall below 2004 levels, while exports will set a new record.
Since 1998, China's titanium dioxide industry has expanded rapidly. Production capacity grew from 190,000 tons in 1998 to 430,000 tons in 2001, making it the second-largest producer globally. By 2004, capacity had expanded to around 720,000 tons, and it was expected to surpass 900,000 tons by 2006. Actual production also rose accordingly, from 140,000 tons in 1998 to 600,000 tons in 2004.
In 2005, however, the pace of capacity expansion slowed, while market demand continued to grow. This imbalance led to temporary shortages, with many companies operating at full capacity. The industry is now facing a critical phase where supply must keep up with rising demand.
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