Sweden: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Sweden

In 2022, the Swedish synthetic organic colouring matters market decreased by -8% to $X, falling for the seventh consecutive year after two years of growth. Overall, consumption saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Other Synthetic Organic Colouring Matters in Sweden

In value terms, synthetic organic colouring matters production declined to $X in 2022 estimated in export price. Overall, production saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports from Sweden

After six years of growth, overseas shipments of other synthetic organic colouring matters decreased by -24.6% to X tons in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year. The exports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, synthetic organic colouring matters exports reduced dramatically to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

Belgium (X tons), the UK (X tons) and Denmark (X tons) were the main destinations of synthetic organic colouring matters exports from Sweden, with a combined 58% share of total exports. Norway, Finland, South Africa, Poland, Greece, Estonia, Germany, France, Ireland and Mexico lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +83.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic organic colouring matters exported from Sweden were Belgium ($X), the UK ($X) and Denmark ($X), with a combined 52% share of total exports. Finland, Norway, South Africa, Mexico, Germany, Greece, Estonia, Poland, Ireland and France lagged somewhat behind, together comprising a further 28%.

In terms of the main countries of destination, Greece, with a CAGR of +85.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average synthetic organic colouring matters export price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the export price continues to indicate a mild decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 16%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to South Africa ($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 Mexico (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Sweden

Synthetic organic colouring matters imports into Sweden shrank remarkably to X tons in 2022, which is down by -20.9% against the year before. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, synthetic organic colouring matters imports declined remarkably to $X in 2022. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and Belgium (X tons) were the main suppliers of synthetic organic colouring matters imports to Sweden, with a combined 47% share of total imports. India, the Netherlands, Denmark, Norway, Finland, Italy, the UK, France and Spain lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of -0.1%), while imports for the other leaders experienced a decline.

In value terms, the largest synthetic organic colouring matters suppliers to Sweden were Germany ($X), Belgium ($X) and China ($X), with a combined 55% share of total imports. Denmark, the Netherlands, India, the UK, Norway, Finland, Italy, France and Spain lagged somewhat behind, together comprising a further 38%.

Italy, with a CAGR of +3.6%, recorded the highest rates of growth with regard to the value of imports, among 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 synthetic organic colouring matters import price stood at $X per ton in 2022, increasing by 3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 34% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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