Australia: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Australia

The Australian synthetic organic colouring matters market contracted remarkably to $X in 2022, with a decrease of -51.5% 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). Overall, consumption saw a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Other Synthetic Organic Colouring Matters

Exports from Australia

In 2022, approx. X tons of other synthetic organic colouring matters were exported from Australia; jumping by 78% compared with the year before. In general, exports recorded a modest increase. The pace of growth appeared the most rapid in 2020 when exports increased by 93% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, synthetic organic colouring matters exports soared to $X in 2022. Overall, exports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 71%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons), Fiji (X tons) and Papua New Guinea (X tons) were the main destinations of synthetic organic colouring matters exports from Australia, with a combined 77% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of +42.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) remains the key foreign market for other synthetic organic colouring matters exports from Australia, comprising 32% of total exports. The second position in the ranking was taken by Fiji ($X), with a 15% share of total exports. It was followed by Papua New Guinea, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand amounted to -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+28.7% per year) and Papua New Guinea (+28.6% per year).

Export Prices by Country

In 2022, the average synthetic organic colouring matters export price amounted to $X per ton, falling by -34% against the previous year. Overall, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Australia

Synthetic organic colouring matters imports into Australia fell rapidly to X tons in 2022, reducing by -17.5% against the year before. Overall, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of 17%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic organic colouring matters imports dropped to $X in 2022. In general, imports saw a slight shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 15% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and the United States (X tons) were the main suppliers of synthetic organic colouring matters imports to Australia, together accounting for 67% of total imports. France, Germany, Thailand, Taiwan (Chinese) and the UK lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +17.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest synthetic organic colouring matters suppliers to Australia were China ($X), India ($X) and France ($X), together accounting for 55% of total imports. Germany, the United States, Thailand, Taiwan (Chinese) and the UK lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, Thailand, with a CAGR of +16.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic organic colouring matters import price stood at $X per ton in 2022, picking up by 10% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic organic colouring matters import price increased by +51.9% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 27% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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