Southern 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 Southern Asia

The South Asian pigments, opacifiers and colours market reduced to $X in 2022, with a decrease of -6.4% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +71.0% against 2012 indices. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Southern Asia

In value terms, pigments, opacifiers and colours production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 31% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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

Exports in Southern Asia

In 2022, after two years of decline, there was significant growth in shipments abroad of pigments, opacifiers and colours for ceramics, enamelling or glass, when their volume increased by 38% to X tons. Total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 92% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pigments, opacifiers and colours exports skyrocketed to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 89%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The shipments of the one major exporters of pigments, opacifiers and colours for ceramics, enamelling or glass, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the pigments, opacifiers and colours for ceramics, enamelling or glass exports, with a CAGR of +3.3% 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 pigments, opacifiers and colours supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India was relatively modest.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by 19% against the previous year. Overall, the export price, however, recorded a noticeable decline. The growth pace was the most rapid in 2021 when the export price increased by 73%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 -2.6% per year.

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

Imports in Southern Asia

Pigments, opacifiers and colours imports stood at X tons in 2022, growing by 6.5% on the previous year. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, pigments, opacifiers and colours imports rose notably to $X in 2022. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 71% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

India was the main importer of pigments, opacifiers and colours for ceramics, enamelling or glass in Southern Asia, with the volume of imports amounting to X tons, which was approx. 76% of total imports in 2022. It was distantly followed by Bangladesh (X tons), achieving a 20% share of total imports. The following importers - Pakistan (X tons) and Sri Lanka (X tons) - each reached a 4% share of total imports.

Imports into India increased at an average annual rate of +10.0% from 2012 to 2022. At the same time, Bangladesh (+16.4%), Pakistan (+6.4%) and Sri Lanka (+5.7%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +16.4% from 2012-2022. While the share of Bangladesh (+7.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-5.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported pigments, opacifiers and colours for ceramics, enamelling or glass in Southern Asia, comprising 80% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 14% share of total imports. It was followed by Pakistan, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value in India totaled +8.9%. In the other countries, the average annual rates were as follows: Bangladesh (+14.3% per year) and Pakistan (+12.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 28%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+5.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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