Japan: Organic Pigments Market 2024

Organic Pigments Market Size in Japan

The Japanese organic pigments market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a slight contraction. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Organic Pigments Production in Japan

In value terms, organic pigments production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 6.1% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Organic Pigments Exports

Exports from Japan

In 2021, shipments abroad of synthetic organic coloring matter and pigments increased by 26% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum 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, recorded a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main destinations of organic pigments exports from Japan, together comprising 47% of total exports. Singapore, the Netherlands, the United States, Indonesia, the UK, Thailand, Belgium, Germany, Italy and Hong Kong SAR lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +8.5%), while the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and China ($X) were the largest markets for organic pigments exported from Japan worldwide, together comprising 59% of total exports. These countries were followed by the United States, Singapore, the UK, Indonesia, the Netherlands, Hong Kong SAR, Thailand, Germany, Belgium and Italy, which together accounted for a further 32%.

Among the main countries of destination, the Netherlands, with a CAGR of +13.6%, recorded the highest rates of growth with regard to 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 2021, the average organic pigments export price amounted to $X per ton, waning by -5.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 11%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then declined 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 Hong Kong SAR ($X per ton), while the average price for exports to Belgium ($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 Hong Kong SAR (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Japan

In 2021, supplies from abroad of synthetic organic coloring matter and pigments was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a noticeable shrinkage. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, organic pigments imports rose remarkably to $X in 2021. In general, imports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 18% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of organic pigments imports to Japan, together comprising 79% of total imports. These countries were followed by Germany, Indonesia, South Korea, Thailand and the United States, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +11.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of synthetic organic coloring matter and pigments to Japan, comprising 33% of total imports. The second position in the ranking was held by India ($X), with a 16% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.0% per year) and Germany (-1.0% per year).

Import Prices by Country

In 2021, the average organic pigments import price amounted to $X per ton, reducing by -2.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, 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 the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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