Asia-Pacific: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2024

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Asia-Pacific

The Asia-Pacific pigments, opacifiers and colours market contracted to $X in 2022, falling by -1.6% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021, and then fell slightly in the following year.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Asia-Pacific

In value terms, pigments, opacifiers and colours production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 11% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports in Asia-Pacific

In 2022, pigments, opacifiers and colours exports in Asia-Pacific rose sharply to X tons, increasing by 14% against 2021 figures. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pigments, opacifiers and colours exports totaled $X in 2022. Total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China represented the key exporting country with an export of around X tons, which finished at 50% of total exports. It was distantly followed by India (X tons) and Indonesia (X tons), together constituting a 38% share of total exports. Japan (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) held a little share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of pigments, opacifiers and colours for ceramics, enamelling or glass. At the same time, Indonesia (+28.1%), India (+3.3%) and Thailand (+2.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +28.1% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-6.7%) illustrated a downward trend over the same period. While the share of Indonesia (+15 p.p.) and India (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-3.6 p.p.) and China (-7.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pigments, opacifiers and colours supplier in Asia-Pacific, comprising 56% of total exports. The second position in the ranking was taken by Japan ($X), with a 12% share of total exports. It was followed by Indonesia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +3.5%. In the other countries, the average annual rates were as follows: Japan (+1.0% per year) and Indonesia (+27.3% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with a decrease of -1.6% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 26% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports in Asia-Pacific

In 2022, approx. X tons of pigments, opacifiers and colours for ceramics, enamelling or glass were imported in Asia-Pacific; approximately equating 2021 figures. The total import volume increased at an average annual rate of +4.1% over the period 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 2017 when imports increased by 26%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, pigments, opacifiers and colours imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of +1.5% 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 25%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, India (X tons) was the key importer of pigments, opacifiers and colours for ceramics, enamelling or glass, generating 36% of total imports. Vietnam (X tons) ranks second in terms of the total imports with a 16% share, followed by Indonesia (13%), Bangladesh (9.5%), China (5.2%) and Taiwan (Chinese) (4.6%). Thailand (X tons) took a minor share of total imports.

Imports into India increased at an average annual rate of +10.0% from 2012 to 2022. At the same time, Bangladesh (+16.4%), Vietnam (+11.4%) and Taiwan (Chinese) (+3.9%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +16.4% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, China (-1.1%) and Thailand (-2.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Vietnam and Bangladesh increased by +15, +7.9 and +6.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported pigments, opacifiers and colours for ceramics, enamelling or glass in Asia-Pacific, comprising 32% of total imports. The second position in the ranking was held by Vietnam ($X), with a 15% share of total imports. It was followed by China, with an 11% share.

In India, pigments, opacifiers and colours imports increased at an average annual rate of +8.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+11.4% per year) and China (-5.6% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, falling by -2.7% against the previous year. In general, the import price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2021 an increase of 15% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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