Eastern Asia: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2024

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Eastern Asia

In 2022, the East Asian pigments, opacifiers and colours market decreased by -0.3% to $X, falling for the second year in a row after six years of growth. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the market value increased by 9.8%. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Eastern Asia

In value terms, pigments, opacifiers and colours production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 9.6%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports in Eastern Asia

In 2022, shipments abroad of pigments, opacifiers and colours for ceramics, enamelling or glass decreased by -0.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 22%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, pigments, opacifiers and colours exports rose sharply to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 87% of total exports in 2022. Japan (X tons) held a 5.3% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (4.8%). South Korea (X tons) held a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of pigments, opacifiers and colours for ceramics, enamelling or glass. Japan experienced a relatively flat trend pattern. Taiwan (Chinese) (-6.7%) and South Korea (-9.8%) illustrated a downward trend over the same period. While the share of China (+8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (-3.3 p.p.) and Taiwan (Chinese) (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pigments, opacifiers and colours supplier in Eastern Asia, comprising 74% of total exports. The second position in the ranking was taken by Japan ($X), with a 16% share of total exports. It was followed by South Korea, with a 5.6% share.

In China, pigments, opacifiers and colours exports increased at an average annual rate of +3.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+1.0% per year) and South Korea (-7.6% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2021 an increase of 25%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while Taiwan (Chinese) ($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 (+3.5%), while the other leaders experienced more modest paces of growth.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports in Eastern Asia

Pigments, opacifiers and colours imports contracted sharply to X tons in 2022, waning by -22.9% compared with 2021 figures. In general, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 43%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, pigments, opacifiers and colours imports declined remarkably to $X in 2022. Overall, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 38%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) and Taiwan (Chinese) (X tons) represented the main importers of pigments, opacifiers and colours for ceramics, enamelling or glass in Eastern Asia, together achieving 76% of total imports. It was distantly followed by South Korea (X tons), committing a 21% share of total imports. Japan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of +3.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X) constitutes the largest market for imported pigments, opacifiers and colours for ceramics, enamelling or glass in Eastern Asia, comprising 51% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 22% share of total imports. It was followed by South Korea, with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at -5.6%. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.9% per year) and South Korea (-6.1% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by 5.9% against the previous year. In general, the import price, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the import price increased by 20% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Japan (+6.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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