Eastern Asia: Organic Pigments Market 2025

Organic Pigments Market Size in Eastern Asia

The East Asian organic pigments market dropped slightly to $X in 2021, waning by -4.5% against the previous year. The total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.6% 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 -13.8% 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 lower figure.

Organic Pigments Production in Eastern Asia

In value terms, organic pigments production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Organic Pigments Exports

Exports in Eastern Asia

Organic pigments exports surged to X tons in 2021, jumping by 23% compared with the previous year. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 92%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, organic pigments exports soared to $X in 2021. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the key exporter of synthetic organic coloring matter and pigments in Eastern Asia, with the volume of exports reaching X tons, which was near 76% of total exports in 2021. South Korea (X tons) ranks second in terms of the total exports with a 13% share, followed by Taiwan (Chinese) (7.5%). Japan (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of synthetic organic coloring matter and pigments. At the same time, South Korea (+4.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +4.4% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-2.5%) illustrated a downward trend over the same period. While the share of South Korea (+3.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-2.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest organic pigments supplier in Eastern Asia, comprising 64% of total exports. The second position in the ranking was held by South Korea ($X), with a 16% share of total exports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +2.6%. In the other countries, the average annual rates were as follows: South Korea (+9.1% per year) and Japan (-0.4% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, growing by 3.3% against the previous year. Export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, organic pigments export price increased by +17.5% against 2017 indices. The pace of growth appeared the most rapid in 2016 an increase of 76% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.8%), while the other leaders experienced more modest paces of growth.

Organic Pigments Imports

Imports in Eastern Asia

In 2021, supplies from abroad of synthetic organic coloring matter and pigments was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 43%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, organic pigments imports surged to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), distantly followed by South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) represented the key importers of synthetic organic coloring matter and pigments, together creating 98% of total imports. Hong Kong SAR (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +5.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest organic pigments importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together comprising 85% of total imports.

In terms of the main importing countries, China, with a CAGR of +9.5%, recorded the highest rates of growth with regard to 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 import price in Eastern Asia amounted to $X per ton, with an increase of 5.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2016 when the import price increased by 28%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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