Southern Asia: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Southern Asia

After two years of decline, the South Asian synthetic organic colouring matters market increased by 21% to $X in 2022. The market value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Other Synthetic Organic Colouring Matters in Southern Asia

In value terms, synthetic organic colouring matters production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 14%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports in Southern Asia

Synthetic organic colouring matters exports shrank notably to X tons in 2022, reducing by -19% against the year before. Total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 +1.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. As a result, the exports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, synthetic organic colouring matters exports reduced to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +21.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

The shipments of the one major exporters of other synthetic organic colouring matters, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the other synthetic organic colouring matters exports, with a CAGR of +4.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest synthetic organic colouring matters supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +6.2%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 an increase of 14%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.7% per year.

Imports of Other Synthetic Organic Colouring Matters

Imports in Southern Asia

In 2022, synthetic organic colouring matters imports in Southern Asia declined modestly to X tons, waning by -4.6% on 2021 figures. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.6% 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 +24.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year. As a result, imports attained the peak of X tons, and then declined modestly in the following year.

In value terms, synthetic organic colouring matters imports totaled $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +56.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Bangladesh (X tons) was the largest importer of other synthetic organic colouring matters, creating 51% of total imports. Pakistan (X tons) took the second position in the ranking, distantly followed by India (X tons). All these countries together took near 45% share of total imports. Sri Lanka (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +8.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic colouring matters importing markets in Southern Asia were Bangladesh ($X), Pakistan ($X) and India ($X), together accounting for 97% of total imports.

Bangladesh, with a CAGR of +10.6%, 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

In 2022, the import price in Southern Asia amounted to $X per ton, increasing by 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2021 when the import price increased by 19%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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