South-Eastern Asia: 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 South-Eastern Asia

The Southeast Asian pigments, opacifiers and colours market shrank to $X in 2022, falling by -5.5% against the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +58.0% against 2013 indices. The level of consumption peaked at $X in 2021, and then fell in the following year.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in South-Eastern Asia

In value terms, pigments, opacifiers and colours production dropped modestly to $X in 2022 estimated in export price. Overall, production recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 38%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports in South-Eastern Asia

After two years of decline, shipments abroad of pigments, opacifiers and colours for ceramics, enamelling or glass increased by 45% to X tons in 2022. Overall, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by 60%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, pigments, opacifiers and colours exports skyrocketed to $X in 2022. Over the period under review, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia dominates exports structure, recording X tons, which was near 78% of total exports in 2022. It was distantly followed by Thailand (X tons) and Malaysia (X tons), together mixing up a 16% share of total exports. Vietnam (X tons) took a little share of total exports.

Indonesia was also the fastest-growing in terms of the pigments, opacifiers and colours for ceramics, enamelling or glass exports, with a CAGR of +28.1% from 2012 to 2022. At the same time, Malaysia (+11.5%) and Thailand (+2.1%) displayed positive paces of growth. By contrast, Vietnam (-4.4%) illustrated a downward trend over the same period. While the share of Indonesia (+59 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (-13.2 p.p.) and Vietnam (-14.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest pigments, opacifiers and colours supplier in South-Eastern Asia, comprising 71% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 11% share of total exports. It was followed by Thailand, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia amounted to +27.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (-0.4% per year) and Thailand (+0.5% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, shrinking by -6% against the previous year. In general, the export price recorded a pronounced slump. The growth pace was the most rapid in 2021 an increase of 9.5%. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.1%), while the other leaders experienced a decline in the export price figures.

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

Imports in South-Eastern Asia

In 2022, supplies from abroad of pigments, opacifiers and colours for ceramics, enamelling or glass increased by 0.2% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 23% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pigments, opacifiers and colours imports shrank to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Vietnam (X tons) and Indonesia (X tons) prevails in imports structure, together making up 75% of total imports. Thailand (X tons) held a 9.5% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (8.8%) and Singapore (5.4%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +11.4%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X) constitutes the largest market for imported pigments, opacifiers and colours for ceramics, enamelling or glass in South-Eastern Asia, comprising 42% of total imports. The second position in the ranking was held by Indonesia ($X), with a 20% share of total imports. It was followed by Thailand, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam stood at +11.4%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-1.8% per year) and Thailand (-3.0% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, falling by -6.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 22%. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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