China: Organic Pigments Market 2024

Organic Pigments Market Size in China

The Chinese organic pigments market dropped to $X in 2021, shrinking by -6.5% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 decreased by -19.6% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Organic Pigments Production in China

In value terms, organic pigments production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 33% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Organic Pigments Exports

Exports from China

In 2021, approx. X tons of synthetic organic coloring matter and pigments were exported from China; picking up by 26% against the previous year. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 161% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, organic pigments exports surged to $X in 2021. The total export value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2014; afterwards, it flattened through to 2021.

Exports by Country

Pakistan (X tons), Indonesia (X tons) and South Korea (X tons) were the main destinations of organic pigments exports from China, with a combined 24% share of total exports. Vietnam, Turkey, Taiwan (Chinese), India, Bangladesh, Brazil, Japan, the Netherlands, Thailand and Singapore lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +11.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organic pigments exported from China were Indonesia ($X), South Korea ($X) and Pakistan ($X), with a combined 20% share of total exports. India, Turkey, Taiwan (Chinese), Vietnam, Japan, the Netherlands, Brazil, Thailand, Singapore and Bangladesh lagged somewhat behind, together accounting for a further 45%.

In terms of the main countries of destination, Vietnam, with a CAGR of +13.0%, recorded the highest rates of growth with regard to 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

The average organic pigments export price stood at $X per ton in 2021, picking up by 4.1% against the previous year. Overall, the export price recorded a slight expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 139% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 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 Japan ($X per ton), while the average price for exports to Pakistan ($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 Japan (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into China

In 2021, the amount of synthetic organic coloring matter and pigments imported into China soared to X tons, increasing by 20% compared with the previous year. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% 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 +124.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 45% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, organic pigments imports surged to $X in 2021. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of organic pigments to China, with a 57% share of total imports. Moreover, organic pigments imports from India exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), eightfold. Thailand (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-5.0% per year) and Thailand (+0.6% per year).

In value terms, India ($X), South Korea ($X) and Japan ($X) constituted the largest organic pigments suppliers to China, with a combined 62% share of total imports. These countries were followed by Germany, Taiwan (Chinese), Thailand, the United States, Switzerland, Indonesia, Myanmar and Singapore, which together accounted for a further 30%.

Among the main suppliers, Myanmar, with a CAGR of +2,632.7%, 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, increasing by 19% against the previous year. Over the last nine years, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average 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 Japan ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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