Italy: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Italy

The Italian synthetic organic colouring matters market totaled $X in 2022, with an increase of 3.3% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +9.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +70.7% against 2018 indices. Synthetic organic colouring matters consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Other Synthetic Organic Colouring Matters in Italy

In value terms, synthetic organic colouring matters production skyrocketed to $X in 2022 estimated in export price. In general, production recorded prominent growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 87%. Synthetic organic colouring matters production peaked in 2022 and is likely to continue growth in the near future.

Exports of Other Synthetic Organic Colouring Matters

Exports from Italy

In 2022, approx. X tons of other synthetic organic colouring matters were exported from Italy; waning by -2% on 2021 figures. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2017 when exports increased by 22% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, synthetic organic colouring matters exports shrank slightly to $X in 2022. Overall, exports saw a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 26%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main destinations of synthetic organic colouring matters exports from Italy, together accounting for 28% of total exports. Poland, Spain, Russia, India, the Czech Republic, Portugal, Turkey, Tunisia, the UK and Romania lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +11.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic organic colouring matters exported from Italy were Germany ($X), Spain ($X) and France ($X), together accounting for 25% of total exports. Poland, Russia, the UK, Belgium, Portugal, Turkey, India, the Czech Republic, Romania and Tunisia lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, India, with a CAGR of +12.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average synthetic organic colouring matters export price amounted to $X per ton, declining by -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2013 an increase of 21%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Italy

In 2022, the amount of other synthetic organic colouring matters imported into Italy fell notably to X tons, dropping by -21.8% against the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, synthetic organic colouring matters imports fell significantly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 58% against the previous year. As a result, imports reached the peak of $X, and then dropped remarkably in the following year.

Imports by Country

India (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of synthetic organic colouring matters imports to Italy, with a combined 49% share of total imports. Spain, China, the Netherlands, Hungary, France, Taiwan (Chinese), Greece, the UK and Poland lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +71.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), India ($X) and Belgium ($X) constituted the largest synthetic organic colouring matters suppliers to Italy, together comprising 58% of total imports. China, the Netherlands, Spain, France, the UK, Taiwan (Chinese), Poland, Hungary and Greece lagged somewhat behind, together accounting for a further 34%.

Poland, with a CAGR of +69.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average synthetic organic colouring matters import price amounted to $X per ton, dropping by -10.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 21%. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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