Italy: Organic Pigments Market 2024

Organic Pigments Market Size in Italy

The Italian organic pigments market surged to $X in 2021, increasing by 24% against the previous year. In general, consumption, however, recorded a abrupt decrease. Organic pigments consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Organic Pigments Production in Italy

In value terms, organic pigments production fell to $X in 2021 estimated in export price. In general, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 68%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Organic Pigments Exports

Exports from Italy

In 2021, overseas shipments of synthetic organic coloring matter and pigments were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, showed a pronounced decline. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, organic pigments exports surged to $X in 2021. Overall, exports, however, continue to indicate a mild contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Poland (X tons) and Austria (X tons) were the main destinations of organic pigments exports from Italy, with a combined 30% share of total exports. These countries were followed by France, Spain, Brazil, Turkey, Romania, Switzerland, Portugal, the Czech Republic, Tunisia and Sweden, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +5.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organic pigments exported from Italy were Germany ($X), Poland ($X) and France ($X), with a combined 25% share of total exports. Spain, Turkey, Brazil, Portugal, Austria, Romania, Switzerland, Tunisia, the Czech Republic and Sweden lagged somewhat behind, together accounting for a further 30%.

Brazil, with a CAGR of +8.4%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average organic pigments export price stood at $X per ton in 2021, which is down by -3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Austria ($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 Sweden (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Italy

In 2021, supplies from abroad of synthetic organic coloring matter and pigments was finally on the rise to reach X tons after four years of decline. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, organic pigments imports surged to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of organic pigments imports to Italy, together accounting for 52% of total imports. China, the Netherlands, Belgium and France lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +21.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Germany ($X) and Belgium ($X) constituted the largest organic pigments suppliers to Italy, with a combined 48% share of total imports. These countries were followed by China, the Netherlands, Spain and France, which together accounted for a further 24%.

The Netherlands, with a CAGR of +7.4%, recorded the highest rates of growth with regard to 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

The average organic pigments import price stood at $X per ton in 2021, rising by 21% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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