Sweden: Organic Pigments Market 2024

Organic Pigments Market Size in Sweden

In 2021, the Swedish organic pigments market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption continues to indicate a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Organic Pigments Production in Sweden

In value terms, organic pigments production surged to $X in 2021 estimated in export price. In general, production, however, recorded a drastic downturn. Organic pigments production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Organic Pigments Exports

Exports from Sweden

In 2021, shipments abroad of synthetic organic coloring matter and pigments increased by 4.5% to X tons, rising for the fifth year in a row after three years of decline. In general, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.5% against 2016 indices. The pace of growth appeared the most rapid in 2020 with an increase of 21%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, organic pigments exports surged to $X in 2021. Overall, total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.8% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), the UK (X tons) and Norway (X tons) were the main destinations of organic pigments exports from Sweden, with a combined 52% share of total exports. These countries were followed by Denmark, France, Finland, Poland, South Africa, Hungary, Greece, Estonia, Russia and Germany, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +101.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organic pigments exported from Sweden were Belgium ($X), the UK ($X) and Denmark ($X), with a combined 47% share of total exports. Norway, Finland, France, Hungary, Poland, Germany, South Africa, Russia, Greece and Estonia lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, Greece, with a CAGR of +105.2%, 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 organic pigments export price stood at $X per ton in 2021, increasing by 16% against the previous year. Overall, the export price, however, saw a slight decline. The pace of growth appeared the most rapid in 2016 an increase of 20%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Norway ($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 Germany (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Sweden

In 2021, approx. X tons of synthetic organic coloring matter and pigments were imported into Sweden; reducing by -12.2% against 2020 figures. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2019 with an increase of 11% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, organic pigments imports rose to $X in 2021. Over the period under review, imports saw a perceptible descent. The growth pace was the most rapid in 2017 with an increase of 7.6% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of organic pigments imports to Sweden, together comprising 58% of total imports. These countries were followed by Spain, Italy, India, Denmark, Belgium, Finland, Norway, the UK and France, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +8.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of synthetic organic coloring matter and pigments to Sweden, comprising 27% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.8% per year) and Belgium (-9.1% per year).

Import Prices by Country

The average organic pigments import price stood at $X per ton in 2021, rising by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.9%. The growth pace was the most rapid in 2018 an increase of 24%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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