Australia: Organic Pigments Market 2024

Organic Pigments Market Size in Australia

The Australian organic pigments market soared to $X in 2021, increasing by 18% 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, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Organic Pigments Exports

Exports from Australia

In 2021, approx. X tons of synthetic organic coloring matter and pigments were exported from Australia; declining by -20.4% compared with the year before. Over the period under review, exports showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 with an increase of 98% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, organic pigments exports dropped modestly to $X in 2021. Overall, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 64%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons), the United States (X tons) and Papua New Guinea (X tons) were the main destinations of organic pigments exports from Australia, with a combined 57% share of total exports. These countries were followed by Fiji, Malaysia, Ireland, Vietnam, Pakistan, the UK, Indonesia, Japan, Thailand and China, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji (with a CAGR of +35.3%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Japan ($X) and Papua New Guinea ($X) appeared to be the largest markets for organic pigments exported from Australia worldwide, with a combined 45% share of total exports. The United States, Fiji, China, Malaysia, Indonesia, Ireland, the UK, Vietnam, Pakistan and Thailand lagged somewhat behind, together comprising a further 38%.

In terms of the main countries of destination, Fiji, with a CAGR of +21.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average organic pigments export price amounted to $X per ton, surging by 21% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United States ($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 China (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Australia

Organic pigments imports into Australia soared to X tons in 2021, with an increase of 16% against the previous year's figure. Overall, imports, however, recorded a mild decline. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, organic pigments imports totaled $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 12% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of organic pigments to Australia, with a 51% share of total imports. Moreover, organic pigments imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.2% per year) and the United States (-4.7% per year).

In value terms, India ($X), China ($X) and Germany ($X) constituted the largest organic pigments suppliers to Australia, with a combined 60% share of total imports. The United States, Switzerland, Indonesia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, Indonesia, with a CAGR of +11.0%, recorded the highest growth rate of 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 organic pigments import price stood at $X per ton in 2021, falling by -6.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 20% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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