Romania: Organic Pigments Market 2024

Organic Pigments Market Size in Romania

In 2021, after two years of growth, there was significant decline in the Romanian organic pigments market, when its value decreased by -98.6% to $X. Overall, consumption showed a precipitous decline. Organic pigments consumption peaked at $X in 2020, and then contracted markedly in the following year.

Organic Pigments Production in Romania

In value terms, organic pigments production contracted to $X in 2021 estimated in export price. In general, production recorded a significant decline. The pace of growth appeared the most rapid in 2014 with an increase of 11%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Organic Pigments Exports

Exports from Romania

In 2021, organic pigments exports from Romania rose significantly to X tons, growing by 8% compared with 2020. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 38%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, organic pigments exports surged to $X in 2021. In general, exports posted a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by 43% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons), Hungary (X tons) and Belarus (X tons) were the main destinations of organic pigments exports from Romania, with a combined 45% share of total exports. Slovenia, France, Ukraine, Russia, Estonia, Greece, Bulgaria, Lithuania, Serbia and Finland lagged somewhat behind, together comprising a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +545.1%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for synthetic organic coloring matter and pigments exports from Romania, comprising 21% of total exports. The second position in the ranking was held by Hungary ($X), with a 10% share of total exports. It was followed by France, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +102.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+3.7% per year) and France (+59.6% per year).

Export Prices by Country

The average organic pigments export price stood at $X per ton in 2021, growing by 20% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Organic Pigments Imports

Imports into Romania

In 2021, overseas purchases of synthetic organic coloring matter and pigments increased by 19% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of 55%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, organic pigments imports soared to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 21% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Greece (X tons), Italy (X tons) and Slovakia (X tons) were the main suppliers of organic pigments imports to Romania, with a combined 54% share of total imports. France, Germany, Spain, Hungary, the Netherlands, Poland, Belgium, India, Turkey and Austria lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +39.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest organic pigments suppliers to Romania were Italy ($X), Germany ($X) and Greece ($X), together accounting for 56% of total imports. These countries were followed by France, the Netherlands, Spain, Belgium, Slovakia, Poland, Hungary, India, Austria and Turkey, which together accounted for a further 38%.

Among the main suppliers, Poland, with a CAGR of +33.6%, saw 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

The average organic pigments import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price posted pronounced growth. The growth pace was the most rapid in 2013 an increase of 117% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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