Analysis of the supply and demand status and development trend of China's titanium dioxide market in 2022 China's supply of titanium dioxide to the world continues to increase

Titanium dioxide has always been the product with the highest supply and demand in the titanium industry, and the scale has been increasing in the past ten years
.
However, from the perspective of supply and demand, the growth rate of output is significantly higher than the growth rate of apparent consumption, mainly due to the substantial increase in exports and the spread of global titanium dioxide production to developing countries
.
With the continuous maturity of China's titanium dioxide production technology, it is expected that the production of titanium dioxide will continue to increase in the future
.
Major listed companies in the titanium industry: Jinpu Titanium (000545), Anada (002136), China Nuclear Titanium Dioxide (002145), Longbai Group (002601), Huiyun Titanium (300891), Tianyuan Co.
, Ltd.
(002368), Lubei Chemical (600727), Panzhihua Iron and Steel Vanadium Titanium (000629), Baoti Co.
, Ltd.
(600456), Western Materials (002149), Western Superconductor (688122) .
This article core data: production of titanium dioxide, titanium dioxide and so on apparent consumption .
The export volume of titanium dioxide continues to grow.
The trade surplus increases.
As the global titanium dioxide industry chain matures, leading companies that have developed earlier took the lead in occupying high-end titanium dioxide products, and a large amount of low-end production demand flows to developing countries, while China is the output of titanium dioxide.
The most explosive developing countries have continued to maintain high growth in their exports over the past five years .
From 2015 to 2020, China's export volume of titanium dioxide will continue to grow, and the growth rate will fluctuate .
In 2016, the export volume of titanium dioxide increased sharply, reaching 721,000 tons, a year-on-year increase of 33.
81%, which was the highest increase in recent years.
This was mainly due to the fact that China, as the world's largest exporter of titanium dioxide, raised interest rates by the Federal Reserve, Brexit, and the RMB exchange rate.
The continuous decline has greatly promoted the export of China's titanium dioxide .
In 2020, China's titanium dioxide export volume reached a new high, reaching 1.
214 million tons, a year-on-year increase of 21.
0% .













As China’s titanium dioxide output is sufficient to meet domestic demand, and imports are mainly high-end products, the import volume of titanium dioxide has shown a fluctuating downward trend in the past five years.
In addition to the continuous increase in the export volume of titanium dioxide, the decline in import volume has also resulted in an increase in the trade surplus.
Big
.
In 2016, the trade surplus of China's titanium dioxide products was US$543 million, and it will increase to US$1.
686 billion in 2020, which is more than doubled
.

In the past five years, the output of titanium dioxide has continued to increase, and the products are mainly rutile.
With the continuous maturity of China's titanium dioxide production technology and equipment, China's titanium dioxide output has basically shown a continuous upward trend.
In the past ten years, only 2015 has seen a decline in output
.
According to the statistics of the Titanium Dioxide Sub-center of the National Chemical Industry Productivity Promotion Center and the Secretariat of the Titanium Dioxide Industry Technology Innovation Strategic Alliance, the comprehensive output of various titanium dioxide and related products of all the full-process titanium dioxide manufacturers in China has increased from the annual output of 147 in 2010.
10,000 tons, jumped to 3.
51 million tons in 2020, more than doubled
.

From the perspective of the proportion of the production of titanium dioxide subdivided products in 2020, in the total output of 3.
51 million tons, rutile titanium dioxide is 2.
856 million tons, accounting for 81.
31%; anatase titanium dioxide is 538,000 tons, accounting for 15.
33%; non-pigment grade titanium dioxide is 60 thousand tons, accounting for 1.
71%; catalytic and functional material titanium dioxide is 58,000 tons, accounting for 1.
65%
.

The apparent consumption of titanium dioxide in 2020 will reach 2.
47 million tons.
In recent years, the apparent consumption of titanium dioxide in China has shown a fluctuating growth trend.
In 2011, the apparent consumption was 1.
64 million tons.
In 2012, affected by the decline in the output of titanium concentrate, The growth rate of China's titanium dioxide production has declined, and the apparent consumption has reached about 1.
8 million tons, an increase of 9.
76% over 2011
.
From 2016 to 2020, the apparent consumption of China's titanium dioxide market has shown a continuous upward trend.
In 2020, the apparent consumption of titanium dioxide will be 2.
47 million tons, an increase of 5.
32% from 2019
.

The growth rate of titanium dioxide production is higher than the growth rate of demandAffected by the migration of global titanium dioxide production capacity to the country, the growth rate of China's titanium dioxide production 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 apparent consumption of titanium dioxide), from 2013 to 2020, the growth rate of China's titanium dioxide production was only lower than the demand growth rate in 2018.
The differences are all positive, and the difference in 2016 is the largest
.
Because the titanium dioxide industry has been in a stage of oversupply, the output is higher than the apparent consumption, and the output growth rate has been higher than the apparent consumption growth rate for a long time, which is continuously increasing the oversupply of the industry
.