Switzerland: Organic Pigments Market 2024

Organic Pigments Market Size in Switzerland

The Swiss organic pigments market skyrocketed to $X in 2021, picking up by 16% against the previous year. In general, consumption showed a relatively flat trend pattern. Organic pigments consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Organic Pigments Production in Switzerland

In value terms, organic pigments production reduced modestly to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 8.4%. Organic pigments production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Organic Pigments Exports

Exports from Switzerland

In 2021, shipments abroad of synthetic organic coloring matter and pigments was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, showed a perceptible downturn. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, organic pigments exports rose notably to $X in 2021. Overall, exports, however, continue to indicate a noticeable slump. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and Turkey (X tons) were the main destinations of organic pigments exports from Switzerland, together comprising 38% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +7.7%), while the other leaders experienced mixed trend patterns.

In value terms, France ($X), the United States ($X) and Germany ($X) appeared to be the largest markets for organic pigments exported from Switzerland worldwide, together accounting for 40% of total exports. These countries were followed by Turkey, Japan, Austria, China, Mexico, India, Pakistan, Singapore, Bangladesh and Spain, which together accounted for a further 36%.

Pakistan, with a CAGR of +12.8%, saw the highest rates of growth with regard to 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, with an increase of 5.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 9%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

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 France ($X per ton), while the average price for exports to Austria ($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 China (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Switzerland

In 2021, after three years of decline, there was significant growth in supplies from abroad of synthetic organic coloring matter and pigments, when their volume increased by 33% to X tons. Overall, imports, however, recorded a mild contraction. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, organic pigments imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a pronounced contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest organic pigments supplier to Switzerland, accounting for a 72% share of total imports. Moreover, organic pigments imports from India exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.6% per year) and Italy (-1.6% per year).

In value terms, China ($X), India ($X) and Germany ($X) were the largest organic pigments suppliers to Switzerland, with a combined 59% share of total imports. France, the UK, South Korea, Italy, Spain, Indonesia, Belgium and Denmark lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, Spain, with a CAGR of +15.5%, recorded the highest rates of growth with regard to the value of imports, 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, dropping by -13.8% against the previous year. Over the period under review, the import price recorded a slight descent. The growth pace was the most rapid in 2018 an increase of 12%. The import price peaked at $X per ton in 2020, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :