Overview of the operation of China's coatings and pigments industry in 2024: 

In 2024, China's coating industry will deeply implement the new development concept, accelerate the construction of a new development pattern, steadily develop new-quality productivity, and firmly promote high-quality development. The green and low-carbon transformation is accelerated, the pace of digital upgrading is accelerated, and the economic operation is generally stable, steady progress and new breakthroughs have been made.

According to statistics from the China Coatings Industry Association, in 2024, the total output of China's coatings industry will be 35.341 million tons, a decrease of 1.60% year-on-year from the same period last year. The total main business revenue will be 408.903 billion yuan, an increase of 1.56% year-on-year from the same period last year, and the total profit will be 26.29 billion yuan, an increase of 9.34% year-on-year from the same period last year.　　In the field of inorganic pigments, the total production of titanium dioxide in 2024 will be 4.8052 million tons, an increase of 13.79% year-on-year over the same period last year; the total production of iron oxide pigments in 2024 will be 625,900 tons, an increase of 6.21% year-on-year over the same period last year.

Overview of the import and export of China's coatings and pigments industry in 2024:

1. Exports  

　　In 2024, the total export volume of coatings will be 334,800 tons, an increase of 27.72% year-on-year over the same period last year, and the total export volume will be USD 1.065 billion, an increase of 18.65% year-on-year over the same period last year. The total export volume of titanium dioxide in 2024 was 1.9022 million tons, an increase of 15.88% year-on-year over the same period last year, and the total export volume was USD 4.183 billion, an increase of 16.28% year-on-year over the same period last year.The geographical distribution of exports has changed greatly, and the direction of Europe has declined significantly.

　　The total export volume of iron oxide pigments in 2024 was 339,300 tons, an increase of 21.33% year-on-year over the same period last year, and the total export volume was USD 324 million, an increase of 4.32% year-on-year over the same period last year.The geographical distribution of exports has changed greatly, and the direction of Asia has declined significantly.

2. Imports  

　　In 2024, the total import volume of coatings was 164,000 tons, an increase of 7.23% year-on-year over the same period last year, and the total import volume was USD 1.809 billion, an increase of 12.73% year-on-year over the same period last year. The total import volume of titanium dioxide in 2024 was 91,900 tons, an increase of 8.84% year-on-year over the same period last year, and the total import volume was USD 308 million, an increase of 7.92% year-on-year over the same period last year. In 2024, the total imports of iron oxide pigments were 198,400 tons, an increase of 26.13% year-on-year over the same period last year, and the total imports were USD 81 million, an increase of 1.00% year-on-year over the same period last year.