Asia-Pacific: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Asia-Pacific

The Asia-Pacific synthetic organic colouring matters market soared to $X in 2022, increasing by 20% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Other Synthetic Organic Colouring Matters in Asia-Pacific

In value terms, synthetic organic colouring matters production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 31% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports in Asia-Pacific

In 2022, exports of other synthetic organic colouring matters in Asia-Pacific contracted remarkably to X tons, shrinking by -20.5% on 2021. The total export volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 26%. As a result, the exports reached the peak of X tons, and then contracted notably in the following year.

In value terms, synthetic organic colouring matters exports declined to $X in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

India (X tons) and China (X tons) prevails in exports structure, together constituting 78% of total exports. South Korea (X tons) held a 7.6% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (5%). Taiwan (Chinese) (X tons), Thailand (X tons) and Indonesia (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Singapore (with a CAGR of +8.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic colouring matters supplying countries in Asia-Pacific were India ($X), China ($X) and South Korea ($X), together comprising 81% of total exports.

South Korea, with a CAGR of +7.9%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, surging by 9.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.6%), while the other leaders experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports in Asia-Pacific

In 2022, overseas purchases of other synthetic organic colouring matters increased by 3.3% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, synthetic organic colouring matters imports rose modestly to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 32%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, Bangladesh (X tons) and Singapore (X tons) were the major importers of other synthetic organic colouring matters in Asia-Pacific, together achieving 36% of total imports. It was distantly followed by Pakistan (X tons), South Korea (X tons), China (X tons), Vietnam (X tons), Indonesia (X tons) and India (X tons), together comprising a 47% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +19.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 53% of total imports.

Singapore, with a CAGR of +21.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2014 an increase of 9.3% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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