Europe: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Europe

In 2022, the Europe synthetic organic colouring matters market increased by 1.5% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Other Synthetic Organic Colouring Matters in Europe

In value terms, synthetic organic colouring matters production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 11%. As a result, production reached the peak level of $X, and then contracted in the following year.

Exports of Other Synthetic Organic Colouring Matters

Exports in Europe

In 2022, shipments abroad of other synthetic organic colouring matters decreased by -20.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 9.5%. As a result, the exports attained the peak of X tons, and then fell notably in the following year.

In value terms, synthetic organic colouring matters exports reduced markedly to $X in 2022. Overall, exports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 13%. As a result, the exports attained the peak of $X, and then contracted markedly 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 UK (X tons), the Netherlands (X tons), Italy (X tons) and France (X tons) were the main exporters of other synthetic organic colouring matters, together committing 78% of total exports. Poland (X tons), Switzerland (X tons), Romania (X tons), Sweden (X tons) and Denmark (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main 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 ($X) remains the largest synthetic organic colouring matters supplier in Europe, comprising 35% of total exports. The second position in the ranking was held by Belgium ($X), with a 9.3% share of total exports. It was followed by Switzerland, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to -2.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (-4.3% per year) and Switzerland (-5.2% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, declining by -5% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 8.6% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 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 Switzerland ($X per ton), while Romania ($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 Europe

Synthetic organic colouring matters imports declined to X tons in 2022, falling by -14.9% against 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 12% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, synthetic organic colouring matters imports contracted significantly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. As a result, imports attained the peak of $X, and then plummeted 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 the UK (X tons) were the major importers of other synthetic organic colouring matters, together making up 69% of total imports. The following importers - Hungary (X tons), Poland (X tons), Russia (X tons), Portugal (X tons), Switzerland (X tons) and the Czech Republic (X tons) - together made up 17% 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%), Hungary (+2.1%) and France (+1.3%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Europe, with a CAGR of +3.0% from 2012-2022. Russia, Italy, Portugal and the Netherlands experienced a relatively flat trend pattern. By contrast, Switzerland (-2.0%), the UK (-2.2%) and Belgium (-2.5%) illustrated a downward trend over the same period. While the share of Spain (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-2.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported other synthetic organic colouring matters in Europe, comprising 22% of total imports. The second position in the ranking was held by France ($X), with a 9.8% share of total imports. It was followed by Italy, with a 9.8% 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 Europe amounted to $X per ton, dropping by -5.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 9.6% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while Hungary ($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