South-Eastern Asia: Organic Pigments Market 2025

Organic Pigments Market Size in South-Eastern Asia

The Southeast Asian organic pigments market expanded rapidly to $X in 2021, growing by 9.7% against the previous year. The market value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see gradual growth in years to come.

Organic Pigments Production in South-Eastern Asia

In value terms, organic pigments production rose markedly to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Organic Pigments Exports

Exports in South-Eastern Asia

After two years of decline, shipments abroad of synthetic organic coloring matter and pigments increased by 22% to X tons in 2021. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 22% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, organic pigments exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore was the major exporter of synthetic organic coloring matter and pigments in South-Eastern Asia, with the volume of exports accounting for X tons, which was near 43% of total exports in 2021. Indonesia (X tons) held the second position in the ranking, followed by Thailand (X tons). All these countries together held approx. 52% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Singapore (with a CAGR of +7.8%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest organic pigments supplier in South-Eastern Asia, comprising 50% of total exports. The second position in the ranking was held by Thailand ($X), with a 24% share of total exports. It was followed by Indonesia, with a 22% share.

From 2012 to 2021, the average annual growth rate of value in Singapore stood at +5.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+2.9% per year) and Indonesia (+3.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, growing by 6.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by 9% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Organic Pigments Imports

Imports in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in overseas purchases of synthetic organic coloring matter and pigments, when their volume increased by 22% to X tons. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, organic pigments imports soared to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons), distantly followed by Vietnam (X tons), Thailand (X tons), Singapore (X tons) and Malaysia (X tons) represented the largest importers of synthetic organic coloring matter and pigments, together comprising 94% of total imports. The Philippines (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +4.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Thailand ($X) were the countries with the highest levels of imports in 2021, with a combined 71% share of total imports. Singapore, Malaysia and the Philippines lagged somewhat behind, together comprising a further 29%.

The Philippines, with a CAGR of +11.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, leveling off at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2019 an increase of 16% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the 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 Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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