Spain: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Spain

In 2022, the Spanish synthetic organic colouring matters market increased by 1.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +64.2% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Production of Other Synthetic Organic Colouring Matters in Spain

In value terms, synthetic organic colouring matters production expanded significantly to $X in 2022 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +61.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 51% against the previous year. Synthetic organic colouring matters production peaked in 2022 and is likely to continue growth in the near future.

Exports of Other Synthetic Organic Colouring Matters

Exports from Spain

Synthetic organic colouring matters exports from Spain declined remarkably to X tons in 2022, waning by -17.6% compared with 2021 figures. In general, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 16%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, synthetic organic colouring matters exports fell to $X in 2022. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +14.5% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 28%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Turkey (X tons) and Italy (X tons) were the main destinations of synthetic organic colouring matters exports from Spain, with a combined 56% share of total exports. France, Bangladesh, Egypt, Portugal, the UK, Mexico, Morocco, Mauritius, Cuba and China lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cuba (with a CAGR of +24.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for other synthetic organic colouring matters exports from Spain, comprising 30% of total exports. The second position in the ranking was held by Turkey ($X), with a 10% share of total exports. It was followed by Italy, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+3.7% per year) and Italy (+2.0% per year).

Export Prices by Country

The average synthetic organic colouring matters export price stood at $X per ton in 2022, with an increase of 12% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 12% against the previous year. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to Mauritius ($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 China (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Spain

In 2022, imports of other synthetic organic colouring matters into Spain declined to X tons, waning by -6.5% on the previous year's figure. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 21%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic organic colouring matters imports declined to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

China (X tons), the United States (X tons) and Belgium (X tons) were the main suppliers of synthetic organic colouring matters imports to Spain, together comprising 57% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +45.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic colouring matters suppliers to Spain were Germany ($X), China ($X) and India ($X), with a combined 52% share of total imports. Belgium, Italy, the United States, France, the Netherlands, Portugal, the UK and Denmark lagged somewhat behind, together accounting for a further 42%.

The United States, with a CAGR of +19.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average synthetic organic colouring matters import price amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 17%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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