MERCOSUR: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2024

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in MERCOSUR

In 2022, the MERCOSUR pigments, opacifiers and colours market increased by 1% to $X, rising for the fifth consecutive year after five years of decline. Overall, consumption recorded a mild slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in MERCOSUR

In value terms, pigments, opacifiers and colours production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2019 with an increase of 24%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports in MERCOSUR

In 2022, after two years of growth, there was significant decline in overseas shipments of pigments, opacifiers and colours for ceramics, enamelling or glass, when their volume decreased by -39% to X tons. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 157%. As a result, the exports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, pigments, opacifiers and colours exports declined modestly to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

In 2022, Brazil (X tons) represented the key exporter of pigments, opacifiers and colours for ceramics, enamelling or glass in MERCOSUR, creating 99% of total export.

Brazil was also the fastest-growing in terms of the pigments, opacifiers and colours for ceramics, enamelling or glass exports, with a CAGR of +23.9% from 2012 to 2022. Brazil (+50 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest pigments, opacifiers and colours supplier in MERCOSUR.

In Brazil, pigments, opacifiers and colours exports increased at an average annual rate of +7.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, increasing by 56% against the previous year. Overall, the export price, however, continues to indicate a abrupt contraction. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -13.0% per year.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports in MERCOSUR

In 2022, the amount of pigments, opacifiers and colours for ceramics, enamelling or glass imported in MERCOSUR reduced sharply to X tons, which is down by -18.1% compared with the previous year's figure. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 81%. As a result, imports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, pigments, opacifiers and colours imports declined to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.8% against 2016 indices. The pace of growth was the most pronounced in 2021 when imports increased by 45% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

The purchases of the three major importers of pigments, opacifiers and colours for ceramics, enamelling or glass, namely Argentina, Brazil and Ecuador, represented more than two-thirds of total import. It was distantly followed by Colombia (X tons) and Peru (X tons), together achieving an 11% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +24.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported pigments, opacifiers and colours for ceramics, enamelling or glass in MERCOSUR, comprising 57% of total imports. The second position in the ranking was taken by Argentina ($X), with a 13% share of total imports. It was followed by Ecuador, with a 9.6% share.

In Brazil, pigments, opacifiers and colours imports expanded at an average annual rate of +4.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+5.4% per year) and Ecuador (+0.2% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, with an increase of 8.1% against the previous year. Overall, the import price, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2018 when the import price increased by 15%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform