U.S.: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in the U.S.

The U.S. synthetic organic colouring matters market stood at $X in 2022, with an increase of 7.4% against the previous year. Over the period under review, consumption enjoyed a resilient expansion. Synthetic organic colouring matters consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Other Synthetic Organic Colouring Matters in the U.S.

In value terms, synthetic organic colouring matters production reached $X in 2022. Over the period under review, production showed prominent growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 68% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports from the U.S.

In 2022, the amount of other synthetic organic colouring matters exported from the United States fell to X tons, declining by -11.5% on 2021 figures. In general, exports showed a noticeable descent. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, synthetic organic colouring matters exports totaled $X in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

South Korea (X tons) was the main destination for synthetic organic colouring matters exports from the United States, with a 35% share of total exports. Moreover, synthetic organic colouring matters exports to South Korea exceeded the volume sent to the second major destination, Canada (X tons), threefold. The third position in this ranking was held by Mexico (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea totaled +36.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-3.2% per year) and Mexico (-7.2% per year).

In value terms, South Korea ($X) remains the key foreign market for other synthetic organic colouring matters exports from the United States, comprising 29% of total exports. The second position in the ranking was taken by Canada ($X), with an 11% share of total exports. It was followed by Mexico, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea stood at +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+0.4% per year) and Mexico (+1.2% per year).

Export Prices by Country

The average synthetic organic colouring matters export price stood at $X per ton in 2022, increasing by 13% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic organic colouring matters export price increased by +10.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 39%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Spain ($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 (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into the U.S.

In 2022, supplies from abroad of other synthetic organic colouring matters increased by 5.3% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 8% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, synthetic organic colouring matters imports amounted to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and Germany (X tons) were the main suppliers of synthetic organic colouring matters imports to the United States, together accounting for 73% of total imports. South Korea, Mexico, Canada and the UK lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +4.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic colouring matters suppliers to the United States were India ($X), Germany ($X) and China ($X), together accounting for 69% of total imports.

Among the main suppliers, India, with a CAGR of +5.1%, 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

In 2022, the average synthetic organic colouring matters import price amounted to $X per ton, picking up by 6.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 9.4%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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