Algeria: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Algeria

The Algerian synthetic organic colouring matters market shrank markedly to $X in 2022, declining by -17.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a slight reduction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports from Algeria

Synthetic organic colouring matters exports from Algeria fell to X tons in 2022, with a decrease of -11% compared with the previous year's figure. In general, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 850% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, synthetic organic colouring matters exports declined to $X in 2022. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 626% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for synthetic organic colouring matters exports from Algeria, accounting for a 79% share of total exports. Moreover, synthetic organic colouring matters exports to Belgium exceeded the volume sent to the second major destination, France (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Belgium was relatively modest.

In value terms, Belgium ($X) emerged as the key foreign market for other synthetic organic colouring matters exports from Algeria, comprising 79% of total exports. The second position in the ranking was held by France ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium was relatively modest.

Export Prices by Country

The average synthetic organic colouring matters export price stood at $X per ton in 2022, growing by 11% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic organic colouring matters export price decreased by -15.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 127%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to France totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.3%).

Imports of Other Synthetic Organic Colouring Matters

Imports into Algeria

For the third year in a row, Algeria recorded decline in overseas purchases of other synthetic organic colouring matters, which decreased by -24.7% to X tons in 2022. Overall, imports showed a perceptible setback. The growth pace was the most rapid in 2019 when imports increased by 81%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic organic colouring matters imports declined to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 123% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest synthetic organic colouring matters supplier to Algeria, accounting for a 42% share of total imports. Moreover, synthetic organic colouring matters imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fourfold. The third position in this ranking was taken by India (X tons), with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-4.2% per year) and India (+1.4% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of other synthetic organic colouring matters to Algeria, comprising 20% of total imports. The second position in the ranking was taken by India ($X), with a 9.9% share of total imports. It was followed by South Korea, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.3% per year) and South Korea (+5.8% per year).

Import Prices by Country

In 2022, the average synthetic organic colouring matters import price amounted to $X per ton, growing by 14% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 51%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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