The export proportion of titanium dioxide in China is expected to improve
The export proportion of titanium dioxide in China is expected to improve
As foreign continuous recovery of Europe and the United States economy, the gradual improvement of the quality of titanium dioxide and price advantage constantly emerging, since the fourth quarter of 2012, China titanium dioxide exports continue to increase, the export share of rapidly increasing continuously. Future emerging economies of Brazil, India and other countries chain, the rapid growth of the import demand is expected to more than the United States and other developed countries, the titanium dioxide export proportion will be increasing in our country, economic development potential of the emerging economic and population size made late titanium pigment in China export rate will continue to maintain at a high level.
The financial crisis of 2008 highlighted the problem of overcapacity in the global titanium dioxide production. Under the constraints of environmental policies, companies began to take the initiative to spare capacity. According to statistics, in 2008-2009, us capacity growth rate fell from 19 per cent to 11 per cent, and the nearly 3 annual output could be maintained at 1.45 million tonnes without significant growth. At the same time, the global production capacity of titanium dioxide is about 4.55 million tons except China, and the production capacity is stable. The production process of titanium dioxide in foreign countries is dominated by the production process of chlorination, and the proportion is 74%. However, with the continuous improvement of the production process, the quality of the products has been continuously improved, and the price advantage of domestic enterprises has become more and more obvious.
According to TZMI forecast, from 2010 to 2015, the global demand for titanium white compound annual growth rate is expected to be 4.4%, due to the emerging economies such as China, India, the middle class will be a lot of growth, more rapid demand growth in the region, will provide power for titanium dioxide market long-term development. Foreign titanium white production capacity to maintain relatively stable state, and the growth of production capacity is mainly concentrated in China, with the increase of the global demand for titanium dioxide, China will continue to meet the demand of global new titanium pigment, along with our country to promote the quality of titanium dioxide and price advantage, our country export proportion will continue to improve titanium dioxide.
Due to the increasing demand of titanium dioxide in the world, and the change of international titanium white powder competition pattern, China's titanium dioxide participation in international competition will be frequent. In 2011-2013, the net exports of titanium dioxide in China were 16.95 million tons, 22.15 million tons and 20.93 million tons respectively, and the compound growth rate was 23.5%. In the first half of 2014, the export of titanium dioxide in China climbed to a new high, with total exports reaching 275,000 tons, up 56.7 percent year-on-year. Titanium dioxide main exporter of home in China during the first half of 2014, the United States account for 10.8%, Brazil and India respectively accounted for 9%, accounted for 6.7%, South Korea, Indonesia, Turkey, Malaysia ratio were 4.8%, 4.7% and 3.9%, respectively.
By the major countries of the titanium pigment in China exports accounted for, titanium dioxide export countries mainly for nearly three years the United States, Brazil, South Korea, India, the emerging economies of Brazil, India and other countries, titanium dioxide import demand growth, will gradually over the United States, South Korea and other developed countries, titanium pigment in China export proportion of also will more and more big, due to the emerging economies' growth potential and population scale, the late titanium dioxide exit velocity will continue to maintain high growth.
