Slovakia: Organic Pigments Market 2024

Organic Pigments Market Size in Slovakia

The Slovak organic pigments market fell remarkably to $X in 2021, shrinking by -36.7% against the previous year. Overall, consumption, however, showed tangible growth. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Organic Pigments Production in Slovakia

In value terms, organic pigments production skyrocketed to $X in 2021 estimated in export price. Overall, production showed strong growth. The growth pace was the most rapid in 2016 when the production volume increased by 148% against the previous year. Over the period under review, production reached the peak level in 2021 and is likely to see steady growth in the near future.

Organic Pigments Exports

Exports from Slovakia

In 2021, the amount of synthetic organic coloring matter and pigments exported from Slovakia skyrocketed to X tons, picking up by 61% on 2020 figures. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by 93% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, organic pigments exports surged to $X in 2021. In general, exports, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2014 when exports increased by 115%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for organic pigments exports from Slovakia, with a 38% share of total exports. Moreover, organic pigments exports to Romania exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. Ireland (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania totaled +26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+3.3% per year) and Ireland (+26.3% per year).

In value terms, Romania ($X), the Czech Republic ($X) and Belgium ($X) constituted the largest markets for organic pigments exported from Slovakia worldwide, together accounting for 58% of total exports. Latvia, Ireland, Poland, Italy, Switzerland, Russia and Belarus lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, Latvia, with a CAGR of +92.4%, recorded the highest growth rate of 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 2021, the average organic pigments export price amounted to $X per ton, declining by -13.9% against the previous year. Overall, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2017 when the average export price increased by 18%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Ireland ($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 Belarus (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Organic Pigments Imports

Imports into Slovakia

In 2021, the amount of synthetic organic coloring matter and pigments imported into Slovakia dropped markedly to X tons, falling by -47.3% against the previous year's figure. In general, imports, however, saw perceptible growth. The pace of growth appeared the most rapid in 2020 with an increase of 123%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, organic pigments imports expanded modestly to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 40%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Austria (X tons) and Poland (X tons) were the main suppliers of organic pigments imports to Slovakia, with a combined 89% share of total imports. The Czech Republic, Spain, Italy, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +48.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of synthetic organic coloring matter and pigments to Slovakia, comprising 30% of total imports. The second position in the ranking was held by Austria ($X), with a 14% share of total imports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+14.4% per year) and the Czech Republic (+22.4% per year).

Import Prices by Country

In 2021, the average organic pigments import price amounted to $X per ton, with an increase of 95% against the previous year. Overall, the import price, however, recorded a noticeable setback. The growth pace was the most rapid in 2017 when the average import price increased by 144% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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