HS Code:
Pigments and preparations based on titanium dioxide (HS Code: 320611) are widely used in industries such as paints, coatings, plastics, and paper for their excellent opacity, brightness, and durability. Titanium dioxide (TiO2) is the most commonly used white pigment due to its high refractive index and UV resistance. This category includes products containing 80% or more by weight of titanium dioxide, calculated on the dry matter. The global trade of these products is driven by demand in construction, automotive, and industrial sectors, with production concentrated in a few key countries.
Total Trade Volume
USD 20.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Shift towards sustainable production methods
Increased demand for eco-friendly TiO2 pigments with lower carbon footprints, driving innovation in manufacturing processes.
2021-2022
Rising demand in Asia-Pacific
Rapid urbanization and industrialization in countries like India and Vietnam are boosting consumption, leading to higher export volumes to the region.
2020-2022
Price volatility due to raw material costs
Fluctuations in the cost of ilmenite and rutile ores, key raw materials for TiO2, have led to unstable pricing, affecting profit margins.
2022
The European Union classified certain forms of titanium dioxide as a potential carcinogen, leading to stricter labeling and usage regulations.
February 2022
Increased compliance costs for exporters to the EU and potential reduction in demand for non-compliant products.
China announced investments in new TiO2 production facilities to meet growing domestic and international demand.
June 2023
Likely to reinforce China’s dominance in the market, potentially leading to oversupply and price competition.
The US-Mexico-Canada Agreement has facilitated tariff-free trade of TiO2 products within the region, benefiting Mexican exporters.
Ongoing since 2020
Strengthened regional supply chains and reduced costs for North American manufacturers.