Argentina: Organic Pigments Market 2024

Organic Pigments Market Size in Argentina

The Argentinian organic pigments market skyrocketed to $X in 2021, with an increase of 45% 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, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Organic Pigments Exports

Exports from Argentina

In 2021, exports of synthetic organic coloring matter and pigments from Argentina fell to X tons, shrinking by -12.6% against the previous year. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, organic pigments exports shrank notably to $X in 2021. In general, exports faced a sharp shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 7.1% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Paraguay (X tons) was the main destination for organic pigments exports from Argentina, accounting for a 63% share of total exports. Moreover, organic pigments exports to Paraguay exceeded the volume sent to the second major destination, Uruguay (X tons), threefold. Chile (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay stood at +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-10.2% per year) and Chile (-19.4% per year).

In value terms, Paraguay ($X), Uruguay ($X) and Chile ($X) appeared to be the largest markets for organic pigments exported from Argentina worldwide, with a combined 85% share of total exports.

Paraguay, with a CAGR of +1.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average organic pigments export price stood at $X per ton in 2021, which is down by -20.6% against the previous year. In general, the export price showed a deep downturn. The growth pace was the most rapid in 2017 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Paraguay ($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 Chile (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Argentina

In 2021, approx. X tons of synthetic organic coloring matter and pigments were imported into Argentina; jumping by 37% on 2020. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, organic pigments imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Brazil (X tons) were the main suppliers of organic pigments imports to Argentina, together accounting for 78% of total imports. The United States, Spain, South Korea, Uruguay and Germany lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +4.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest organic pigments suppliers to Argentina were India ($X), China ($X) and Brazil ($X), with a combined 69% share of total imports.

India, with a CAGR of +4.8%, 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, increasing by 2.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 ($X per ton), while the price for Brazil ($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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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