Chile: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Chile

In 2022, the Chilean synthetic organic colouring matters market decreased by -13.2% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports from Chile

Synthetic organic colouring matters exports from Chile dropped dramatically to X tons in 2022, with a decrease of -27% compared with the previous year. Overall, exports, however, recorded a measured increase. The pace of growth was the most pronounced in 2021 with an increase of 53%. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, synthetic organic colouring matters exports expanded rapidly to $X in 2022. Over the period under review, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.8% against 2015 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 26% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Peru (X tons) was the main destination for synthetic organic colouring matters exports from Chile, with a 57% share of total exports. Moreover, synthetic organic colouring matters exports to Peru exceeded the volume sent to the second major destination, Argentina (X tons), fourfold. The third position in this ranking was held by Brazil (X tons), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to Peru amounted to +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+11.3% per year) and Brazil (-3.2% per year).

In value terms, Peru ($X) remains the key foreign market for other synthetic organic colouring matters exports from Chile, comprising 42% of total exports. The second position in the ranking was taken by Brazil ($X), with a 17% share of total exports. It was followed by Argentina, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Peru stood at +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+4.7% per year) and Argentina (+14.9% per year).

Export Prices by Country

In 2022, the average synthetic organic colouring matters export price amounted to $X per ton, increasing by 44% against the previous year. Overall, the export price, however, showed a slight contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to El Salvador ($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 Brazil (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Chile

In 2022, after five years of growth, there was significant decline in supplies from abroad of other synthetic organic colouring matters, when their volume decreased by -21.7% to X tons. Overall, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 48%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell dramatically in the following year.

In value terms, synthetic organic colouring matters imports contracted to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 33% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and France (X tons) were the main suppliers of synthetic organic colouring matters imports to Chile, together comprising 63% of total imports. Brazil, Argentina, the United States, Canada, Mexico, Uruguay, Germany, South Korea and Italy lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +37.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic colouring matters suppliers to Chile were China ($X), India ($X) and France ($X), with a combined 83% share of total imports. Brazil, the United States, Canada, Germany, Mexico, Argentina, Uruguay, Italy and South Korea lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, Canada, with a CAGR of +25.7%, 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

In 2022, the average synthetic organic colouring matters import price amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2014 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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