Czech Republic: Organic Pigments Market 2024

Organic Pigments Market Size in the Czech Republic

The Czech organic pigments market contracted to $X in 2021, waning by -7.2% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell in the following year.

Organic Pigments Production in the Czech Republic

In value terms, organic pigments production shrank to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 25%. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Organic Pigments Exports

Exports from the Czech Republic

In 2021, exports of synthetic organic coloring matter and pigments from the Czech Republic expanded rapidly to X tons, with an increase of 11% compared with the previous year's figure. Overall, total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.9% 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 decreased by -24.6% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 34% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, organic pigments exports soared to $X in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 40%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Poland (X tons), Italy (X tons) and Germany (X tons) were the main destinations of organic pigments exports from the Czech Republic, with a combined 43% share of total exports. These countries were followed by Switzerland, Spain, the United States, Denmark, Slovakia, Turkey, Russia, Belgium, the UK and the Netherlands, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +35.1%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the United States ($X) constituted the largest markets for organic pigments exported from the Czech Republic worldwide, with a combined 37% share of total exports. These countries were followed by Spain, Switzerland, Poland, the UK, Belgium, Denmark, Slovakia, Russia, the Netherlands and Turkey, which together accounted for a further 45%.

Spain, with a CAGR of +27.6%, recorded the highest growth rate of 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, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 an increase of 29% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($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 the UK (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into the Czech Republic

In 2021, approx. X tons of synthetic organic coloring matter and pigments were imported into the Czech Republic; increasing by 5.3% on the year before. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 39% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, organic pigments imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest organic pigments supplier to the Czech Republic, with a 33% share of total imports. Moreover, organic pigments imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+24.7% per year) and Italy (-0.8% per year).

In value terms, Germany ($X) constituted the largest supplier of synthetic organic coloring matter and pigments to the Czech Republic, comprising 33% of total imports. The second position in the ranking was taken by Austria ($X), with a 9.3% share of total imports. It was followed by Belgium, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+17.8% per year) and Belgium (+11.8% per year).

Import Prices by Country

The average organic pigments import price stood at $X per ton in 2021, rising by 9.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 18%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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