Benelux: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Benelux

For the fourth consecutive year, the Benelux synthetic organic colouring matters market recorded decline in sales value, which decreased by -3.4% to $X in 2022. The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Other Synthetic Organic Colouring Matters in Benelux

In value terms, synthetic organic colouring matters production surged to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 71%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Other Synthetic Organic Colouring Matters

Exports in Benelux

In 2022, shipments abroad of other synthetic organic colouring matters decreased by -43.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2020 with an increase of 41% against the previous year. The volume of export peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, synthetic organic colouring matters exports contracted dramatically to $X in 2022. Overall, exports showed a perceptible shrinkage. The growth pace was the most rapid in 2020 when exports increased by 65% against the previous year. The level of export peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

The shipments of the two major exporters of other synthetic organic colouring matters, namely Belgium and the Netherlands, represented more than two-thirds of total export.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +1.8%).

In value terms, Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2022.

The Netherlands, with a CAGR of +1.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, shrinking by -8.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 17%. The level of export peaked at $X per ton in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.9%).

Imports of Other Synthetic Organic Colouring Matters

Imports in Benelux

In 2022, approx. X tons of other synthetic organic colouring matters were imported in Benelux; falling by -33.4% on 2021 figures. In general, imports recorded a mild shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 37%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, synthetic organic colouring matters imports reduced dramatically to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) dominates imports structure, together constituting 98% of total imports. Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Luxembourg (with a CAGR of +5.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest synthetic organic colouring matters importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Among the main importing countries, the Netherlands, with a CAGR of +1.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, falling by -9.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($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 Netherlands (+1.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform