Algeria: Organic Pigments Market 2024

Organic Pigments Market Size in Algeria

The Algerian organic pigments market surged to $X in 2021, jumping by 17% 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, however, saw a perceptible curtailment. Organic pigments consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Organic Pigments Exports

Exports from Algeria

After three years of decline, overseas shipments of synthetic organic coloring matter and pigments increased by 61% to X tons in 2021. Overall, exports enjoyed a pronounced expansion. The growth pace was the most rapid in 2017 when exports increased by 127%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, organic pigments exports soared to $X in 2021. In general, exports saw a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by 322%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for organic pigments exports from Algeria, with a 84% share of total exports. Moreover, organic pigments exports to France exceeded the volume sent to the second major destination, Egypt (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to France stood at +33.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (0.0% per year) and Turkey (-44.5% per year).

In value terms, the largest markets for organic pigments exported from Algeria were Egypt ($X), France ($X) and Turkey ($X), together comprising 100% of total exports.

In terms of the main countries of destination, France, with a CAGR of +44.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average organic pigments export price stood at $X per ton in 2021, with a decrease of -25.1% against the previous year. In general, the export price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 86% against the previous year. The export price peaked at $X per ton in 2020, and then contracted notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to France ($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 Spain (+68.5%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Algeria

Organic pigments imports into Algeria soared to X tons in 2021, increasing by 21% against 2020 figures. Overall, imports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2019 with an increase of 42%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, organic pigments imports soared to $X in 2021. Over the period under review, imports, however, showed a mild descent. The most prominent rate of growth was recorded in 2019 when imports increased by 63% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest organic pigments supplier to Algeria, with a 24% share of total imports. Moreover, organic pigments imports from India exceeded the figures recorded by the second-largest supplier, Morocco (X tons), twofold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-0.7% per year) and the United Arab Emirates (+8.7% per year).

In value terms, India ($X), Turkey ($X) and Morocco ($X) constituted the largest organic pigments suppliers to Algeria, with a combined 44% share of total imports. These countries were followed by the United Arab Emirates, China, Spain, France, Italy, Greece, Belgium, Portugal, Egypt and Vietnam, which together accounted for a further 39%.

Portugal, with a CAGR of +64.7%, saw the highest growth rate of 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, with a decrease of -3.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 15%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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