EU: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in the EU

The EU synthetic organic colouring matters market dropped to $X in 2022, falling by -6.2% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Production of Other Synthetic Organic Colouring Matters in the EU

In value terms, synthetic organic colouring matters production contracted 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 somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by 13% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Other Synthetic Organic Colouring Matters

Exports in the EU

After two years of growth, overseas shipments of other synthetic organic colouring matters decreased by -22.5% to X tons in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. As a result, the exports attained the peak of X tons, and then fell markedly in the following year.

In value terms, synthetic organic colouring matters exports fell markedly to $X in 2022. Overall, exports recorded a mild curtailment. The growth pace was the most rapid in 2021 when exports increased by 14%. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by Spain (X tons), Belgium (X tons), Greece (X tons), the Netherlands (X tons), Italy (X tons) and France (X tons) were the main exporters of other synthetic organic colouring matters, together mixing up 80% of total exports. Poland (X tons), Romania (X tons), Sweden (X tons), Denmark (X tons), Portugal (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key 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, Germany ($X) remains the largest synthetic organic colouring matters supplier in the European Union, comprising 41% of total exports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value in Germany amounted to -2.2%. In the other countries, the average annual rates were as follows: Belgium (-4.3% per year) and the Netherlands (+1.5% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, reducing by -5.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 9.8%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 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 France ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+4.4%), while the other leaders experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports in the EU

In 2022, purchases abroad of other synthetic organic colouring matters decreased by -15.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 13% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped rapidly in the following year.

In value terms, synthetic organic colouring matters imports fell sharply to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2022, Germany (X tons), distantly followed by Spain (X tons), Italy (X tons), France (X tons), the Netherlands (X tons), Belgium (X tons) and Hungary (X tons) represented the key importers of other synthetic organic colouring matters, together constituting 78% of total imports. Poland (X tons), Portugal (X tons), the Czech Republic (X tons), Romania (X tons) and Austria (X tons) took a relatively small share of total imports.

Germany experienced a relatively flat trend pattern with regard to volume of imports of other synthetic organic colouring matters. At the same time, the Czech Republic (+3.0%), Poland (+2.1%), Spain (+2.1%), Romania (+2.1%), Hungary (+2.1%) and France (+1.3%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of +3.0% from 2012-2022. Italy, Portugal, the Netherlands and Austria experienced a relatively flat trend pattern. By contrast, Belgium (-2.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Spain increased by +1.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported other synthetic organic colouring matters in the European Union, comprising 26% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: France (-0.3% per year) and Italy (+0.7% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, shrinking by -6.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 11% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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