Luxembourg: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Luxembourg

The Luxembourg synthetic organic colouring matters market reduced rapidly to $X in 2022, falling by -16.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted noticeable growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Exports of Other Synthetic Organic Colouring Matters

Exports from Luxembourg

In 2022, overseas shipments of other synthetic organic colouring matters decreased by -48% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 163%. As a result, the exports reached the peak of X tons, and then fell markedly in the following year.

In value terms, synthetic organic colouring matters exports dropped rapidly to $X in 2022. Overall, exports, however, saw slight growth. The pace of growth was the most pronounced in 2021 with an increase of 125% against the previous year. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Belgium (X tons) was the main destination for synthetic organic colouring matters exports from Luxembourg, accounting for a 41% share of total exports. Moreover, synthetic organic colouring matters exports to Belgium exceeded the volume sent to the second major destination, Italy (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-2.1% per year) and Poland (+35.0% per year).

In value terms, Belgium ($X) emerged as the key foreign market for other synthetic organic colouring matters exports from Luxembourg, comprising 35% of total exports. The second position in the ranking was taken by Poland ($X), with a 17% share of total exports. It was followed by Italy, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+58.8% per year) and Italy (-4.9% per year).

Export Prices by Country

The average synthetic organic colouring matters export price stood at $X per ton in 2022, with a decrease of -22.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 79%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Ireland ($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 Thailand (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Luxembourg

In 2022, the amount of other synthetic organic colouring matters imported into Luxembourg reduced to X tons, with a decrease of -5.1% compared with 2021 figures. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by 192%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, synthetic organic colouring matters imports dropped notably to $X in 2022. Over the period under review, imports, however, recorded a mild increase. The growth pace was the most rapid in 2016 when imports increased by 142%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of synthetic organic colouring matters to Luxembourg, with a 34% share of total imports. Moreover, synthetic organic colouring matters imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.4% per year) and South Korea (+55.1% per year).

In value terms, China ($X), Belgium ($X) and South Korea ($X) appeared to be the largest synthetic organic colouring matters suppliers to Luxembourg, together comprising 50% of total imports.

Among the main suppliers, South Korea, with a CAGR of +53.5%, 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 2022, the average synthetic organic colouring matters import price amounted to $X per ton, shrinking by -18.4% against the previous year. In general, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2020 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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