Scandinavia: 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 Scandinavia

The Scandinavia pigments, opacifiers and colours market contracted to $X in 2022, which is down by -13.6% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, pigments, opacifiers and colours production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 80% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in Scandinavia

In 2022, shipments abroad of pigments, opacifiers and colours for ceramics, enamelling or glass increased by 12% to X tons, rising for the fifth year in a row after four years of decline. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +72.2% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 89%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, pigments, opacifiers and colours exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed noticeable growth. The growth pace was the most rapid in 2013 with an increase of 104%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden dominates exports structure, resulting at X tons, which was near 98% of total exports in 2022. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pigments, opacifiers and colours exports from Sweden stood at +6.0%. At the same time, Norway (+15.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +15.6% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest pigments, opacifiers and colours supplier in Scandinavia, comprising 98% of total exports. The second position in the ranking was taken by Norway ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden totaled +4.8%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, rising by 2.5% against the previous year. Overall, the export price, however, saw a slight slump. The pace of growth was the most pronounced in 2017 when the export price increased by 30%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-1.1%).

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

Imports in Scandinavia

In 2022, approx. X tons of pigments, opacifiers and colours for ceramics, enamelling or glass were imported in Scandinavia; waning by -35.7% on the year before. Overall, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 with an increase of 39%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, pigments, opacifiers and colours imports dropped to $X in 2022. Over the period under review, imports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X tons) was the major importer of pigments, opacifiers and colours for ceramics, enamelling or glass, comprising 72% of total imports. Finland (X tons) took the second position in the ranking, followed by Norway (X tons). All these countries together held near 28% share of total imports.

Sweden was also the fastest-growing in terms of the pigments, opacifiers and colours for ceramics, enamelling or glass imports, with a CAGR of -3.0% from 2012 to 2022. Norway (-5.0%) and Finland (-6.2%) illustrated a downward trend over the same period. While the share of Sweden (+6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (-4.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported pigments, opacifiers and colours for ceramics, enamelling or glass in Scandinavia, comprising 73% of total imports. The second position in the ranking was taken by Finland ($X), with a 21% share of total imports.

In Sweden, pigments, opacifiers and colours imports decreased by an average annual rate of -1.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Finland (-8.9% per year) and Norway (-6.7% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, increasing by 46% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform