Slovenia: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Slovenia

The Slovene synthetic organic colouring matters market skyrocketed to $X in 2022, picking up by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Exports of Other Synthetic Organic Colouring Matters

Exports from Slovenia

In 2022, the amount of other synthetic organic colouring matters exported from Slovenia declined significantly to X tons, dropping by -33.6% compared with 2021 figures. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 104%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell sharply in the following year.

In value terms, synthetic organic colouring matters exports declined sharply to $X in 2022. Overall, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 60%. The exports peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Croatia (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of synthetic organic colouring matters exports from Slovenia, with a combined 85% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +55.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic organic colouring matters exported from Slovenia were Croatia ($X), Germany ($X) and the Czech Republic ($X), together comprising 56% of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +57.7%, recorded 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, shrinking by -17.3% against the previous year. In general, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 57% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hong Kong SAR ($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 Italy (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Slovenia

In 2022, purchases abroad of other synthetic organic colouring matters increased by 7.3% to X tons, rising for the third year in a row after two years of decline. In general, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 44% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, synthetic organic colouring matters imports reduced to $X in 2022. Over the period under review, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +8.0% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then fell slightly in the following year.

Imports by Country

Italy (X tons), Romania (X tons) and Germany (X tons) were the main suppliers of synthetic organic colouring matters imports to Slovenia, together comprising 73% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +189.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic colouring matters suppliers to Slovenia were Germany ($X), Italy ($X) and Romania ($X), together accounting for 63% of total imports.

In terms of the main suppliers, Romania, with a CAGR of +150.0%, saw 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, with a decrease of -10.2% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 31%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform