Egypt: Organic Pigments Market 2024

Organic Pigments Market Size in Egypt

The Egyptian organic pigments market expanded sharply to $X in 2021, increasing by 11% against the previous year. Overall, consumption, however, saw a pronounced setback. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Organic Pigments Production in Egypt

In value terms, organic pigments production rose slightly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt shrinkage. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Organic Pigments Exports

Exports from Egypt

In 2021, overseas shipments of synthetic organic coloring matter and pigments decreased by -48.3% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 123% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, organic pigments exports fell markedly to $X in 2021. Overall, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 617%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sudan (X tons) was the main destination for organic pigments exports from Egypt, accounting for a 238% share of total exports. Moreover, organic pigments exports to Sudan exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Sudan amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+20.8% per year) and Germany (+67.5% per year).

In value terms, Sudan ($X) remains the key foreign market for synthetic organic coloring matter and pigments exports from Egypt, comprising 47% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 8.3% share of total exports. It was followed by India, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to Sudan amounted to +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+1.2% per year) and India (-5.8% per year).

Export Prices by Country

The average organic pigments export price stood at $X per ton in 2021, growing by 5.4% against the previous year. In general, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 1,498% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Turkey ($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 (+34.9%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Egypt

In 2021, approx. X tons of synthetic organic coloring matter and pigments were imported into Egypt; surging by 11% against 2020 figures. Over the period under review, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 273% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, organic pigments imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 25% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Spain (X tons) were the main suppliers of organic pigments imports to Egypt.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +18.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and South Korea ($X) constituted the largest organic pigments suppliers to Egypt, together comprising 62% of total imports. Turkey, Germany, Spain, Italy, Singapore, Thailand and Greece lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, Singapore, with a CAGR of +11.0%, 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

The average organic pigments import price stood at $X per ton in 2021, falling by -1.9% against the previous year. Over the period under review, the import price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 305% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :