Spain: Organic Pigments Market 2024

Organic Pigments Market Size in Spain

The Spanish organic pigments market declined markedly to $X in 2021, shrinking by -90.7% against the previous year. Over the period under review, consumption showed a abrupt setback. Organic pigments consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Organic Pigments Production in Spain

In value terms, organic pigments production rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 8.6%. Organic pigments production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Organic Pigments Exports

Exports from Spain

In 2021, exports of synthetic organic coloring matter and pigments from Spain soared to X tons, increasing by 16% against the year before. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, organic pigments exports surged to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 23% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Italy (X tons) and Turkey (X tons) were the main destinations of organic pigments exports from Spain, with a combined 43% share of total exports. These countries were followed by France, Portugal, Bangladesh, the UK, Austria, Egypt, Mexico, Finland and Morocco, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +27.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organic pigments exported from Spain were Germany ($X), Italy ($X) and France ($X), together comprising 45% of total exports. Turkey, Portugal, the UK, Bangladesh, Mexico, Morocco, Egypt, Austria and Finland lagged somewhat behind, together comprising a further 28%.

Egypt, with a CAGR of +18.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average organic pigments export price stood at $X per ton in 2021, increasing by 3.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 13% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Spain

In 2021, the amount of synthetic organic coloring matter and pigments imported into Spain rose significantly to X tons, increasing by 9.1% on 2020. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 9.5% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, organic pigments imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and the United States (X tons) were the main suppliers of organic pigments imports to Spain, together comprising 55% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +26.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), India ($X) and China ($X) were the largest organic pigments suppliers to Spain, together comprising 55% of total imports. These countries were followed by Belgium, the Netherlands, Italy, the United States, France, Portugal, Denmark and the UK, which together accounted for a further 38%.

Portugal, with a CAGR of +16.7%, saw the highest rates of growth with regard to 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

The average organic pigments import price stood at $X per ton in 2021, surging by 10% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 13% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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