Latin America and the Caribbean: Organic Pigments Market 2025

Organic Pigments Market Size in Latin America and the Caribbean

The Latin American organic pigments market reached $X in 2021, growing by 11% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Organic Pigments Production in Latin America and the Caribbean

In value terms, organic pigments production stood at $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 8.7% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Organic Pigments Exports

Exports in Latin America and the Caribbean

After two years of decline, overseas shipments of synthetic organic coloring matter and pigments increased by 24% to X tons in 2021. Overall, exports, however, saw a perceptible contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, organic pigments exports soared to $X in 2021. In general, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico was the major exporter of synthetic organic coloring matter and pigments in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was near 45% of total exports in 2021. Brazil (X tons) took a 27% share (based on physical terms) of total exports, which put it in second place, followed by Peru (6%) and Colombia (5.1%). Uruguay (X tons), Guatemala (X tons) and Honduras (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of +4.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest organic pigments supplier in Latin America and the Caribbean, comprising 46% of total exports. The second position in the ranking was taken by Brazil ($X), with a 21% share of total exports. It was followed by Peru, with a 17% share.

From 2012 to 2021, the average annual growth rate of value in Mexico totaled +3.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+1.2% per year) and Peru (+2.7% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, approximately mirroring the previous year. Export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, organic pigments export price decreased by -7.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the export price increased by 24% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+20.8%), while the other leaders experienced more modest paces of growth.

Organic Pigments Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of synthetic organic coloring matter and pigments were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, organic pigments imports soared to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons) and Mexico (X tons) were the main importers of synthetic organic coloring matter and pigments in 2021, accounting for approx. 30% and 24% of total imports, respectively. Argentina (X tons) held an 8.3% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (7.1%), Peru (6.6%) and Guatemala (4.8%). Chile (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Guatemala (with a CAGR of +7.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest organic pigments importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Colombia ($X), with a combined 65% share of total imports. Argentina, Peru, Chile and Guatemala lagged somewhat behind, together accounting for a further 22%.

Among the main importing countries, Guatemala, with a CAGR of +7.3%, recorded the highest rates of growth with regard to 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 import price in Latin America and the Caribbean amounted to $X per ton, stabilizing at the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 12%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :