Poland: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Poland

In 2022, the Polish synthetic organic colouring matters market decreased by -19.9% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption continues to indicate a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Other Synthetic Organic Colouring Matters in Poland

In value terms, synthetic organic colouring matters production rose modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. Synthetic organic colouring matters production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports from Poland

In 2022, shipments abroad of other synthetic organic colouring matters increased by 8.6% to X tons, rising for the second consecutive year after two years of decline. In general, exports enjoyed strong growth. The growth pace was the most rapid in 2021 with an increase of 45%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, synthetic organic colouring matters exports expanded markedly to $X in 2022. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 94% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Russia (X tons) and Finland (X tons) were the main destinations of synthetic organic colouring matters exports from Poland, together comprising 38% of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +104.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic organic colouring matters exported from Poland were Germany ($X), Russia ($X) and Italy ($X), together accounting for 36% of total exports. Spain, Finland, Belarus, the Czech Republic, Austria, Estonia, Belgium, the UK, Slovakia and Lithuania lagged somewhat behind, together accounting for a further 39%.

Among the main countries of destination, Finland, with a CAGR of +84.7%, saw 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 2022, the average synthetic organic colouring matters export price amounted to $X per ton, waning by -1.8% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic organic colouring matters export price increased by +58.8% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 33% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Finland ($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 the UK (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Poland

In 2022, overseas purchases of other synthetic organic colouring matters decreased by -8.4% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 34%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, synthetic organic colouring matters imports shrank to $X in 2022. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +46.8% against 2015 indices. The growth pace was the most rapid in 2013 when imports increased by 30%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of synthetic organic colouring matters to Poland, accounting for a 26% share of total imports. Moreover, synthetic organic colouring matters imports from India exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Greece (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.3% per year) and Greece (+3.4% per year).

In value terms, India ($X), Germany ($X) and China ($X) constituted the largest synthetic organic colouring matters suppliers to Poland, with a combined 51% share of total imports.

Among the main suppliers, India, with a CAGR of +23.8%, 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, which is down by -3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2014 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

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 Germany ($X per ton), while the price for Greece ($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 UK (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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