Ireland: Organic Pigments Market 2024

Organic Pigments Market Size in Ireland

The Irish organic pigments market shrank to $X in 2021, which is down by -2.8% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020, and then fell modestly in the following year.

Organic Pigments Production in Ireland

In value terms, organic pigments production totaled $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Organic Pigments Exports

Exports from Ireland

In 2021, organic pigments exports from Ireland expanded significantly to X tons, with an increase of 11% compared with 2020. In general, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2016 when exports increased by 31%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, organic pigments exports rose remarkably to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 31%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for organic pigments exports from Ireland, accounting for a 48% share of total exports. Moreover, organic pigments exports to the UK exceeded the volume sent to the second major destination, Hungary (X tons), threefold. Switzerland (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+16.0% per year) and Switzerland (+67.9% per year).

In value terms, the UK ($X) remains the key foreign market for synthetic organic coloring matter and pigments exports from Ireland, comprising 27% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by Hungary, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.9% per year) and Hungary (+12.7% per year).

Export Prices by Country

In 2021, the average organic pigments export price amounted to $X per ton, waning by -4.8% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2020, and then reduced slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 the United States (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Ireland

In 2021, overseas purchases of synthetic organic coloring matter and pigments decreased by -0.3% to X tons, falling for the fourth consecutive year after three years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 21% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, organic pigments imports expanded modestly to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 15% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the UK (X tons) constituted the largest organic pigments supplier to Ireland, with a 32% share of total imports. Moreover, organic pigments imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.9% per year) and Spain (-8.8% per year).

In value terms, the largest organic pigments suppliers to Ireland were the UK ($X), the United States ($X) and Germany ($X), with a combined 66% share of total imports. The Netherlands, Belgium, Denmark and Spain lagged somewhat behind, together accounting for a further 21%.

In terms of the main suppliers, Belgium, with a CAGR of +12.2%, 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

In 2021, the average organic pigments import price amounted to $X per ton, picking up by 5.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 30% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat 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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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