United Kingdom: Organic Pigments Market 2024

Organic Pigments Market Size in the UK

In 2021, after two years of decline, there was significant growth in the UK organic pigments market, when its value increased by 16% to $X. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Organic Pigments Production in the UK

In value terms, organic pigments production rose slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2014 when the production volume increased by 7.1% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Organic Pigments Exports

Exports from the UK

For the third year in a row, the UK recorded decline in shipments abroad of synthetic organic coloring matter and pigments, which decreased by -19.1% to X tons in 2021. Over the period under review, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2016 when exports increased by 6.1%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, organic pigments exports reached $X in 2021. Overall, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 12% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Belgium (X tons) and India (X tons) were the main destinations of organic pigments exports from the UK, together comprising 36% of total exports. Germany, the United States, Turkey, Italy, Ireland, Hungary, Poland, Russia, Egypt and Switzerland lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +22.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organic pigments exported from the UK were the Netherlands ($X), Germany ($X) and the United States ($X), together comprising 28% of total exports. These countries were followed by Belgium, Italy, Turkey, India, Ireland, Poland, Switzerland, Egypt, Russia and Hungary, which together accounted for a further 32%.

Among the main countries of destination, Russia, with a CAGR of +21.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average organic pigments export price amounted to $X per ton, with an increase of 25% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into the UK

In 2021, overseas purchases of synthetic organic coloring matter and pigments decreased by -9% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 19%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, organic pigments imports reached $X in 2021. The total import value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 19% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

India (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of organic pigments imports to the UK, together comprising 48% of total imports. These countries were followed by China, Germany, the Netherlands, Sweden, Italy, France and the United States, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +5.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), India ($X) and China ($X) constituted the largest organic pigments suppliers to the UK, together accounting for 48% of total imports. Belgium, the Netherlands, the United States, Spain, France, Sweden and Italy lagged somewhat behind, together comprising a further 34%.

France, with a CAGR of +9.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average organic pigments import price stood at $X per ton in 2021, picking up by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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