Brazil: Organic Pigments Market 2024

Organic Pigments Market Size in Brazil

In 2021, the Brazilian organic pigments market increased by 3.1% to $X, rising for the sixth consecutive year after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 5.4%. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Organic Pigments Production in Brazil

In value terms, organic pigments production declined slightly to $X in 2021 estimated in export price. Overall, production saw a mild reduction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 4.2%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Organic Pigments Exports

Exports from Brazil

In 2021, shipments abroad of synthetic organic coloring matter and pigments increased by 34% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed a relatively flat trend pattern. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, organic pigments exports soared to $X in 2021. Over the period under review, total exports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons), Colombia (X tons) and Mexico (X tons) were the main destinations of organic pigments exports from Brazil, together accounting for 57% of total exports. These countries were followed by Ecuador, Chile, Paraguay, Bolivia, Peru, Uruguay, El Salvador, Costa Rica, the United States and South Africa, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Costa Rica (with a CAGR of +22.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) remains the key foreign market for synthetic organic coloring matter and pigments exports from Brazil, comprising 44% of total exports. The second position in the ranking was held by Argentina ($X), with a 12% share of total exports. It was followed by Mexico, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia totaled +32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+1.3% per year) and Mexico (+4.1% per year).

Export Prices by Country

In 2021, the average organic pigments export price amounted to $X per ton, with an increase of 33% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to South Africa ($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 Colombia (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Brazil

In 2021, after three years of decline, there was significant growth in supplies from abroad of synthetic organic coloring matter and pigments, when their volume increased by 31% to X tons. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, organic pigments imports soared to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat 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

India (X tons), China (X tons) and the United States (X tons) were the main suppliers of organic pigments imports to Brazil, with a combined 82% share of total imports. These countries were followed by Mexico, Italy, Hong Kong SAR and Germany, which together accounted for a further 9%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +13.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest organic pigments suppliers to Brazil were India ($X), China ($X) and the United States ($X), with a combined 71% share of total imports. Germany, Mexico, Italy and Hong Kong SAR lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Hong Kong SAR, with a CAGR of +15.1%, saw 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

In 2021, the average organic pigments import price amounted to $X per ton, with an increase of 3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2014 an increase of 16%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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