Asia-Pacific: Organic Pigments Market 2025

Organic Pigments Market Size in Asia-Pacific

For the third year in a row, the Asia-Pacific organic pigments market recorded decline in sales value, which decreased by -1.2% to $X in 2021. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Organic Pigments Production in Asia-Pacific

In value terms, organic pigments production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by 23%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Organic Pigments Exports

Exports in Asia-Pacific

In 2021, the amount of synthetic organic coloring matter and pigments exported in Asia-Pacific skyrocketed to X tons, growing by 23% against the previous year's figure. The total export volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 40%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, organic pigments exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) and China (X tons) prevails in exports structure, together constituting 78% of total exports. It was distantly followed by South Korea (X tons), making up a 6.1% share of total exports. Singapore (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons) and Thailand (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Singapore (with a CAGR of +7.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest organic pigments supplying countries in Asia-Pacific were China ($X), India ($X) and South Korea ($X), with a combined 79% share of total exports.

South Korea, with a CAGR of +9.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2021, the export price in Asia-Pacific amounted to $X per ton, rising by 4.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 an increase of 30% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.8%), while the other leaders experienced more modest paces of growth.

Organic Pigments Imports

Imports in Asia-Pacific

In 2021, purchases abroad of synthetic organic coloring matter and pigments increased by 19% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, organic pigments imports surged to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of organic pigments imports in 2021 were China (X tons), Indonesia (X tons), Bangladesh (X tons), South Korea (X tons), India (X tons), Vietnam (X tons), Pakistan (X tons), Japan (X tons), Thailand (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons), together finishing at 91% of total import.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +5.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest organic pigments importing markets in Asia-Pacific were China ($X), South Korea ($X) and Indonesia ($X), with a combined 44% share of total imports. Vietnam, Japan, Taiwan (Chinese), India, Thailand, Singapore, Bangladesh and Pakistan lagged somewhat behind, together accounting for a further 49%.

Vietnam, with a CAGR of +11.3%, recorded 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

The import price in Asia-Pacific stood at $X per ton in 2021, with an increase of 4.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2018 when the import price increased by 14%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: 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 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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