The overseas market became a significant part
of the domestic TiO2 industry since 2010 due to the permanent shut down of some
European TiO2 factories, causing a massive supply rift for the global TiO2
industry and stimulating domestic TiO2 exports. During 2007–2009, the export
volume accounted for 13.84%, 9.50% and 9.89% of the domestic TiO2 output of the
year. However, the proportion soared to 18.01% and 21.97% in 2010 and 2011.
2013 was a disappointing year for China TiO2 industry as the export volume kept
flat while the domestic consumption was sluggish. The 2013 full year's export
volume is expected to be about 440,000 tonnes, a lackluster YoY growth rate of
approximately 2.70%, according to Titanium
China Monthly Report issued by CCM in
January.
Looking ahead, the domestic TiO2 consumption
will continue to keep soft in 2014, which means that the export growth will be
the main driving factor for 2014 China TiO2 consumption. Afterall, the export
volume kept flat in 2013 and is expected to increase significantly in 2014. The
International Monetary Fund predicts that the 2014 global GDP growth will reach
3.6%, higher than the 2.9% growth rate in 2013.
The steady and consolidated recovery of
export destinations also supports the expectation that exports will drive
growth for the consumption of Chinese-produced TiO2.
Asia-Pacific is the biggest export
destination for Chinese TiO2, with its consumption accounts for about 44% of
the total export volume. Apart from India, other Asian countries' latest HSBC
PMI recorded rises in the output component, indicating that the regional manufacturing
sectors are recovering steadily. The loose monetary policy and the strong
external demand will consolidate the recovery. The Nikkei Stock Average rose
about 57% in 2013, the biggest rise in 41 years. Confidence is increasing and
investors are becoming more adventurous. All these signals favour the Asian
economy, and consequentially will benefit China's TiO2 exports to Asia-Pacific.
For the other export destinations,
industrialisation in South America, which accounts for 16% of China's total
TiO2 export volume, will support its economic growth sustainably. China's TiO2
export volume to South America has been increasing. Europe's economy seems to
have turned the corner. If the export volume to Europe returns to the same
level in 2011, China's TiO2 export volume will increase by about 40,000 tonnes.
For years, the export volume to the Middle East has been around 60,000 tonnes,
and this figure is expected to sustain in 2014. At last, benefiting from the
recovery of the US, the export volume to North America is expected to grow.
Brazil, the US and India are the biggest
three importers of China TiO2, with their combined volume accounting for 30% of
China's total TiO2 export volume. The HSBC PMI in Brazil returned to 50.5 in
Dec. from 49.7 in Nov. Brazil Central Bank predicted that Brazil's economic
growth rate in 2014 will be around 1.95%. There are still a few headwinds and
uncertainty for Brazil economy. Conditions in India are a little disappointing
as there is weak domestic demand, but orders from abroad picked up according to
the HSBC's report. Good news came from the US with manufacturing activity
growing in Dec. at its fastest pace in 11 months, and the rate of job growth
was the strongest since March, according to Markit's Purchasing Managers' Index.
The world's biggest economy will help to promote a recovery in the global
economy in 2014, which will promote China's TiO2 exports.
TiO2 import volume soared while export volume
increased moderately in Nov.
Titanium feedstock imports increased while
domestic output fell in Nov.
Domestic TiO2 market becomes quieter before
the Spring Festival
Export growth to be the driving factor for
China's TiO2 consumption in 2014
China produced around 1.90 million tonnes of
TiO2 in 2013
It's wise for Shandong Dongjia to halt its
IPO application
SRL attains massive growth in production but
suffers massive drop in profit in 2013
Comparison of TiO2 properties indicators and
requirements of end users
Increasing domestic auto output and lower raw
material cost increase KNT's profit
Aroused public concern over pipeline safety
to bring opportunities for anti-corrosion coating
Titanium
Dioxide China Monthly Report,
issued by CCM on 25th, is mainly comprised
of five columns of news and reports related to TiO2 market, including “Supply
& Demand”, “Company Dynamics”, “Upstream”, “Downstream” and “Price Update”.
You can find out more business opportunities through the latest and helpful
information provided in the report.
CCM is
dedicated to market research in China, Asia-Pacific Rim and
global market. With a staff of more than 150
dedicated highly-educated professionals, CCM offers Market Data, Analysis, Reports, Newsletters,
Buyer-Trader Information, Import/Export Analysis, and Consultancy
Service.
Guangzhou CCM Information Science
& Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
Tel: 86-20-37616606
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