Finland: Organic Pigments Market 2024

Organic Pigments Market Size in Finland

In 2021, the Finnish organic pigments market increased by 10% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a noticeable reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Organic Pigments Production in Finland

In value terms, organic pigments production shrank significantly to $X in 2021 estimated in export price. In general, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 11%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Organic Pigments Exports

Exports from Finland

In 2021, exports of synthetic organic coloring matter and pigments from Finland fell to X tons, declining by -6.2% compared with the previous year's figure. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 975%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, organic pigments exports fell to $X in 2021. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 54%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), Russia (X tons) and Germany (X tons) were the main destinations of organic pigments exports from Finland, together comprising 76% of total exports. Norway, Turkey, the UK and Estonia lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +171.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organic pigments exported from Finland were Germany ($X), Sweden ($X) and Russia ($X), with a combined 64% share of total exports. These countries were followed by the UK, Norway, Estonia and Turkey, which together accounted for a further 13%.

Turkey, with a CAGR of +181.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average organic pigments export price amounted to $X per ton, falling by -7.6% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 382% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Turkey ($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 Russia (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Finland

In 2021, purchases abroad of synthetic organic coloring matter and pigments increased by 11% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of 662%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, organic pigments imports rose sharply to $X in 2021. Over the period under review, imports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 12%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of organic pigments imports to Finland, with a combined 69% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +10.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of synthetic organic coloring matter and pigments to Finland, comprising 33% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total imports. It was followed by Sweden, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.3% per year) and Sweden (+3.6% per year).

Import Prices by Country

The average organic pigments import price stood at $X per ton in 2021, flattening at the previous year. Overall, the import price enjoyed modest growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 892% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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 Sweden ($X per ton), while the price for China ($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 (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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