Denmark: Organic Pigments Market 2024

Organic Pigments Market Size in Denmark

In 2021, the Danish organic pigments market was finally on the rise to reach $X after three years of decline. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Organic Pigments Production in Denmark

In value terms, organic pigments production soared to $X in 2021 estimated in export price. Overall, production, however, saw significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Organic Pigments Exports

Exports from Denmark

Organic pigments exports from Denmark reduced to X tons in 2021, with a decrease of -6.3% on the previous year. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2017 when exports increased by 10%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, organic pigments exports reached $X in 2021. Over the period under review, exports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2017 when exports increased by 23%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for organic pigments exports from Denmark, accounting for a 49% share of total exports. Moreover, organic pigments exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), twofold. Sweden (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +89.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+34.4% per year) and Sweden (+30.6% per year).

In value terms, the largest markets for organic pigments exported from Denmark were Belgium ($X), Germany ($X) and Sweden ($X), together accounting for 61% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +67.3%, saw 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

In 2021, the average organic pigments export price amounted to $X per ton, increasing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2018 when the average export price increased by 12% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Belgium ($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 Saudi Arabia (+5.5%), while the prices for the other major destinations experienced a decline.

Organic Pigments Imports

Imports into Denmark

In 2021, approx. X tons of synthetic organic coloring matter and pigments were imported into Denmark; reducing by -7.1% against 2020 figures. Over the period under review, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2015 when imports increased by 8.7% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, organic pigments imports stood at $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 12% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Germany (X tons) were the main suppliers of organic pigments imports to Denmark, together comprising 57% of total imports. These countries were followed by Sweden, the Netherlands, South Korea and Italy, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +18.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Germany ($X) and Sweden ($X) appeared to be the largest organic pigments suppliers to Denmark, together accounting for 55% of total imports. China, the Netherlands, South Korea and Italy lagged somewhat behind, together accounting for a further 29%.

South Korea, with a CAGR of +17.7%, saw the highest growth rate of 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

The average organic pigments import price stood at $X per ton in 2021, with an increase of 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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