Eastern Asia: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Eastern Asia

The East Asian synthetic organic colouring matters market expanded significantly to $X in 2022, picking up by 13% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Other Synthetic Organic Colouring Matters in Eastern Asia

In value terms, synthetic organic colouring matters production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 40% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports in Eastern Asia

In 2022, shipments abroad of other synthetic organic colouring matters decreased by -19.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 24%. As a result, the exports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, synthetic organic colouring matters exports reduced to $X in 2022. The total export value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

China represented the key exporting country with an export of around X tons, which amounted to 74% of total exports. South Korea (X tons) ranks second in terms of the total exports with a 17% share, followed by Taiwan (Chinese) (6%). Japan (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of other synthetic organic colouring matters. At the same time, South Korea (+2.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +2.2% from 2012-2022. By contrast, Japan (-2.0%) and Taiwan (Chinese) (-5.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea and China increased by +4.3 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest synthetic organic colouring matters supplier in Eastern Asia, comprising 61% of total exports. The second position in the ranking was taken by South Korea ($X), with a 22% share of total exports. It was followed by Japan, with a 10% share.

In China, synthetic organic colouring matters exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+7.9% per year) and Japan (-1.9% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by 6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2018 when the export price increased by 16% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.6%), while the other leaders experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports in Eastern Asia

In 2022, approx. X tons of other synthetic organic colouring matters were imported in Eastern Asia; waning by -12.1% on the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, synthetic organic colouring matters imports reduced markedly to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +2.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2022, South Korea (X tons) and China (X tons) represented the key importers of other synthetic organic colouring matters in Eastern Asia, together mixing up 75% of total imports. It was distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons), together constituting a 24% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +6.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest synthetic organic colouring matters importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together accounting for 93% of total imports.

China, with a CAGR of +7.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, reducing by -8.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2014 when the import price increased by 18% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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