Eastern Europe: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Eastern Europe

In 2022, the East European synthetic organic colouring matters market decreased by -0.7% to $X for the first time since 2015, thus ending a six-year rising trend. The market value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then fell modestly in the following year.

Production of Other Synthetic Organic Colouring Matters in Eastern Europe

In value terms, synthetic organic colouring matters production rose to $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.5% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 26%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Other Synthetic Organic Colouring Matters

Exports in Eastern Europe

In 2022, after two years of growth, there was decline in overseas shipments of other synthetic organic colouring matters, when their volume decreased by -2.6% to X tons. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.2% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 21%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced modestly in the following year.

In value terms, synthetic organic colouring matters exports fell modestly to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. As a result, the exports reached the peak of $X, and then contracted slightly in the following year.

Exports by Country

Poland (X tons) and Romania (X tons) represented the largest exporters of other synthetic organic colouring matters in 2022, recording near 33% and 24% of total exports, respectively. Hungary (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (7.5%), Slovakia (7.4%), Russia (5.9%) and Lithuania (5.6%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of +13.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic colouring matters supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), together accounting for 69% of total exports.

In terms of the main exporting countries, Poland, with a CAGR of +13.0%, recorded 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

The export price in Eastern Europe stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price recorded a mild slump. The pace of growth was the most pronounced in 2021 when the export price increased by 15% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 the Czech Republic ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.5%), while the other leaders experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports in Eastern Europe

Synthetic organic colouring matters imports reduced to X tons in 2022, remaining relatively unchanged against the previous year's figure. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 11% against the previous year. The volume of import peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, synthetic organic colouring matters imports shrank to $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

The purchases of the three major importers of other synthetic organic colouring matters, namely Hungary, Poland and Russia, represented more than half of total import. The Czech Republic (X tons) ranks next in terms of the total imports with a 9.5% share, followed by Romania (9%) and Lithuania (5%). Belarus (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 leading importing countries, was attained by Lithuania (with a CAGR of +8.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic colouring matters importing markets in Eastern Europe were Poland ($X), Russia ($X) and Hungary ($X), together comprising 62% of total imports. The Czech Republic, Romania, Lithuania and Belarus lagged somewhat behind, together accounting for a further 28%.

In terms of the main importing countries, Lithuania, with a CAGR of +8.7%, saw the highest growth rate of 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 2022, the import price in Eastern Europe amounted to $X per ton, which is down by -5.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 12%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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