Germany: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Germany

In 2021, the German iron oxide pigment market increased by 12% to $X, rising for the third year in a row after two years of decline. In general, consumption enjoyed a significant expansion. Iron oxide pigment consumption peaked in 2021 and is likely to see steady growth in the near future.

Iron Oxide Pigment Production in Germany

In value terms, iron oxide pigment production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2014 when the production volume increased by 23% against the previous year. Iron oxide pigment production peaked in 2021 and is expected to retain growth in years to come.

Iron Oxide Pigment Exports

Exports from Germany

Iron oxide pigment exports from Germany declined modestly to X tons in 2019, shrinking by -3.4% against 2018 figures. The total export volume increased at an average annual rate of +1.6% from 2012 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 9.7% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2019, the growth of the exports failed to regain momentum.

In value terms, iron oxide pigment exports totaled $X in 2019. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 9.3%. The exports peaked at $X in 2014; however, from 2015 to 2019, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for iron oxide pigment exports from Germany, with a 26% share of total exports. Moreover, iron oxide pigment exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), threefold. China (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2019, the average annual rate of growth in terms of volume to the United States totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.4% per year) and China (+3.0% per year).

In value terms, the United States ($X) remains the key foreign market for iron oxide pigments exports from Germany, comprising 26% of total exports. The second position in the ranking was taken by China ($X), with an 8.2% share of total exports. It was followed by the UK, with a 7% share.

From 2012 to 2019, the average annual growth rate of value to the United States stood at +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+4.1% per year) and the UK (+6.4% per year).

Export Prices by Country

The average iron oxide pigment export price stood at $X per ton in 2019, rising by 5.5% against the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The export price peaked at $X per ton in 2013; however, from 2014 to 2019, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Oxide Pigment Imports

Imports into Germany

In 2021, overseas purchases of iron oxide pigments were finally on the rise to reach X tons after four years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 23% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, iron oxide pigment imports soared to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the Netherlands (X tons) and Brazil (X tons) were the main suppliers of iron oxide pigment imports to Germany, together comprising 54% of total imports. Italy, Austria, Norway, Sweden, Spain, France, the Czech Republic, Denmark, Egypt and Belgium lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +58.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and Italy ($X) constituted the largest iron oxide pigment suppliers to Germany, together accounting for 57% of total imports. Brazil, Norway, Belgium, Spain, Austria, France, Denmark, the Czech Republic, Sweden and Egypt lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Egypt, with a CAGR of +57.3%, recorded the highest growth rate of 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 iron oxide pigment import price stood at $X per ton in 2021, surging by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 68% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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 ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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