EU: Organic Pigments Market 2024

Organic Pigments Market Size in the EU

In 2021, the EU organic pigments market decreased by -17.4% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption continues to indicate a noticeable downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Organic Pigments Production in the EU

In value terms, organic pigments production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production recorded a slight downturn. The growth pace was the most rapid in 2016 with an increase of 12%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Organic Pigments Exports

Exports in the EU

In 2021, shipments abroad of synthetic organic coloring matter and pigments was finally on the rise to reach X tons after three years of decline. In general, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, organic pigments exports rose significantly to $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons) and Spain (X tons) were the largest exporters of synthetic organic coloring matter and pigments in the European Union, together resulting at approx. 47% of total exports. The Netherlands (X tons) ranks next in terms of the total exports with an 11% share, followed by Belgium (9.6%), Italy (8.2%) and Greece (5.6%). France (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Netherlands (with a CAGR of +9.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest organic pigments supplier in the European Union, comprising 35% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total exports. It was followed by Belgium, with a 13% share.

In Germany, organic pigments exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+10.4% per year) and Belgium (+1.7% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, leveling off at the previous year. Overall, the export price saw a slight expansion. The most prominent rate of growth was recorded in 2020 when the export price increased by 10% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the other leaders experienced more modest paces of growth.

Organic Pigments Imports

Imports in the EU

In 2021, overseas purchases of synthetic organic coloring matter and pigments increased by 8% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 10%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, organic pigments imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations 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, Germany (X tons), Italy (X tons), the Netherlands (X tons), Belgium (X tons), Spain (X tons) and France (X tons) represented the key importer of synthetic organic coloring matter and pigments in the European Union, creating 71% of total import. It was distantly followed by Poland (X tons), creating a 4.9% share of total imports. Finland (X tons), Austria (X tons), Portugal (X tons), Hungary (X tons), Sweden (X tons) and the Czech Republic (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +2.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest organic pigments importing markets in the European Union were Germany ($X), Italy ($X) and the Netherlands ($X), together comprising 51% of total imports.

The Netherlands, with a CAGR of +8.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 the European Union amounted to $X per ton, increasing by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2014 an increase of 16% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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