Portugal: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Portugal

The Portuguese synthetic organic colouring matters market contracted notably to $X in 2022, shrinking by -24.7% against the previous year. Over the period under review, consumption, however, enjoyed a buoyant increase. Synthetic organic colouring matters consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Other Synthetic Organic Colouring Matters in Portugal

In value terms, synthetic organic colouring matters production skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +159.5% against 2020 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Other Synthetic Organic Colouring Matters

Exports from Portugal

In 2022, overseas shipments of other synthetic organic colouring matters increased by 6.6% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 34%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, synthetic organic colouring matters exports expanded modestly to $X in 2022. Overall, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +41.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 37%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Germany (X tons) and Angola (X tons) were the main destinations of synthetic organic colouring matters exports from Portugal, together comprising 67% of total exports. Algeria, Turkey, Singapore, Mozambique, France, Italy and Morocco lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (with a CAGR of +41.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Turkey ($X) were the largest markets for synthetic organic colouring matters exported from Portugal worldwide, together accounting for 68% of total exports.

Spain, with a CAGR of +25.1%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, falling by -2.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2013 an increase of 29% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to Algeria ($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 Spain (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Portugal

In 2022, the amount of other synthetic organic colouring matters imported into Portugal declined to X tons, dropping by -8.1% compared with 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic organic colouring matters imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), India (X tons) and Spain (X tons) were the main suppliers of synthetic organic colouring matters imports to Portugal, together accounting for 65% of total imports. Italy, Belgium, the Netherlands, Luxembourg, Austria and China lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +162.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic colouring matters suppliers to Portugal were Germany ($X), India ($X) and Spain ($X), with a combined 64% share of total imports. Italy, Belgium, the Netherlands, China, Austria and Luxembourg lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, Luxembourg, with a CAGR of +118.3%, 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

The average synthetic organic colouring matters import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2014 an increase of 13% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average 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 China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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