The proportion of China's titanium dioxide exports is expected to continue to increase at a high rate

With the continuous recovery of foreign economies in Europe and the United States, the gradual increase in the quality of titanium dioxide in China and the continued emergence of price advantages, since the fourth quarter of 2012, China's titanium dioxide exports continue to increase, the proportion of exports has continued to increase rapidly. In the future emerging economies, Brazil, India, and other countries, the demand for titanium dioxide imports will increase rapidly, and it is expected to surpass the developed countries such as the United States. The share of titanium dioxide exports in China will increase, and the economic development potential and population size of emerging economies will make China's titanium The rate of white powder exports will continue to maintain a high level.

The financial crisis in 2008 made the global overcapacity problem of titanium dioxide prominent. Under the constraints of environmental protection policies, companies in various countries began to take the initiative to increase production capacity. According to statistics, from 2008 to 2009, the growth rate of US capacity was reduced from 19% to 11%, and the production capacity in the past three years was maintained at 1.45 million tons, with no significant increase. At the same time, the global titanium dioxide production capacity is approximately 4.55 million tons except China, and the production capacity has remained stable. The production of titanium dioxide in foreign countries is dominated by the chlorination process, which accounts for 74% of the total; while China still uses the ** method, but with the continuous improvement of the production process in China, the quality of products continues to increase, and domestic companies have The price advantage becomes more obvious.

According to TZMI forecast, from 2010 to 2015, the global annual growth rate of titanium dioxide demand is expected to be 4.4%. As the number of middle class people in emerging economies such as China and India will increase substantially, the demand in this region will grow faster and will be The long-term development of the titanium dioxide market provides impetus. The production capacity of titanium dioxide in foreign countries has remained relatively stable, while the growth of production capacity has been mainly concentrated in China. With the increase in global titanium dioxide demand, China will continue to meet the global demand for new titanium dioxide, plus the quality of titanium dioxide in China. With the increase in price and price advantage, the proportion of China's titanium dioxide exports will continue to increase.

With the continuous increase in the global demand for titanium dioxide and the change in the competitive landscape of titanium dioxide, the participation of titanium dioxide in China in international competition will continue to be frequent. According to the "2015-2020 China Titanium Dioxide Industry Market Demand Forecasting and Investment Strategic Planning Analysis Report" released by the Industry Research Institute of Forward-looking Industry, the net exports of titanium dioxide in China during 2011-2013 were 169,500 tons, 221,500 tons and 209,300 tons, respectively. The compound growth rate was 23.5%. In the first half of 2014, China's titanium dioxide exports reached a new high, with total exports of 275,000 tons, an increase of 56.7% year-on-year. In the first half of 2014, China’s major exporters of titanium dioxide, the United States accounted for 10.8%, Brazil and India accounted for about 9%, South Korea accounted for 6.7%, and Indonesia, Turkey, and Malaysia accounted for 4.8%, 4.7% and 3.9 respectively. %.

From the proportion of China's major exporters of titanium dioxide, the countries that exported titanium dioxide in the past three years were mainly the United States, Brazil, South Korea, and India. Emerging economies such as Brazil and India, the demand for titanium dioxide imports accelerated, and will increase. Gradually surpassing the developed countries such as the United States and South Korea, the proportion of titanium dioxide in China’s exports will also increase. Due to the development potential of emerging economies and population size, the export of titanium dioxide in the future will continue to maintain a high growth rate.