Chile: Organic Pigments Market 2024

Organic Pigments Market Size in Chile

In 2021, the Chilean organic pigments market decreased by -1.2% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.4% against 2017 indices. As a result, consumption attained the peak level of $X, and then dropped slightly in the following year.

Organic Pigments Production in Chile

In value terms, organic pigments production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, showed a precipitous decline. Organic pigments production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Organic Pigments Exports

Exports from Chile

In 2021, shipments abroad of synthetic organic coloring matter and pigments was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports posted prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 43%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, organic pigments exports surged to $X in 2021. In general, total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.7% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by 34%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Peru (X tons) was the main destination for organic pigments exports from Chile, with a 58% share of total exports. Moreover, organic pigments exports to Peru exceeded the volume sent to the second major destination, Argentina (X tons), fourfold. El Salvador (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru amounted to +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+18.6% per year) and El Salvador (+29.2% per year).

In value terms, the largest markets for organic pigments exported from Chile were Peru ($X), Argentina ($X) and Bolivia ($X), together accounting for 67% of total exports. Brazil, El Salvador, Colombia and Uruguay lagged somewhat behind, together accounting for a further 26%.

El Salvador, with a CAGR of +29.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average organic pigments export price stood at $X per ton in 2021, reducing by -16.5% against the previous year. In general, the export price saw a perceptible downturn. The growth pace was the most rapid in 2015 when the average export price increased by 13% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Peru ($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 Brazil (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Chile

In 2021, purchases abroad of synthetic organic coloring matter and pigments increased by 11% to X tons, rising for the fifth consecutive year after three years of decline. In general, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.5% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, organic pigments imports reduced modestly to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

China (X tons), India (X tons) and Brazil (X tons) were the main suppliers of organic pigments imports to Chile, with a combined 49% share of total imports. These countries were followed by France, Spain, Guatemala, the United States, Canada, Germany, Turkey, Argentina, Mexico and Uruguay, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +419.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest organic pigments suppliers to Chile were France ($X), China ($X) and India ($X), together comprising 69% of total imports. These countries were followed by Germany, Brazil, the United States, Guatemala, Canada, Spain, Mexico, Uruguay, Turkey and Argentina, which together accounted for a further 23%.

Turkey, with a CAGR of +271.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, falling by -12% against the previous year. Overall, the import price showed a perceptible downturn. The pace of growth appeared the most rapid in 2019 an increase of 11%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by India (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :