U.S.: Market for Synthetic Dyes And Pigments 2024

Market Size for Synthetic Dyes And Pigments in the U.S.

The U.S. synthetic dye and pigment market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Synthetic Dyes And Pigments in the U.S.

In value terms, synthetic dye and pigment production stood at $X in 2022. In general, production, however, recorded a noticeable decrease. Synthetic dye and pigment production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Synthetic Dyes And Pigments

Exports from the U.S.

Synthetic dye and pigment exports from the United States contracted significantly to X tons in 2022, reducing by X% against 2021 figures. Over the period under review, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, synthetic dye and pigment exports fell to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and Belgium (X tons) were the main destinations of synthetic dye and pigment exports from the United States, together accounting for X% of total exports.

From 2013 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic dye and pigment exported from the United States were Mexico ($X), Canada ($X) and Belgium ($X), together comprising X% of total exports. South Korea, China, India, Brazil, Japan, Thailand, Colombia, Taiwan (Chinese), Argentina and Singapore lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to 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 dye and pigment export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 South Korea ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Dyes And Pigments

Imports into the U.S.

In 2022, purchases abroad of synthetic dyes and pigments increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, synthetic dye and pigment imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons), China (X tons) and Canada (X tons) were the main suppliers of synthetic dye and pigment imports to the United States, together comprising X% of total imports.

From 2013 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Canada ($X) and Germany ($X) were the largest synthetic dye and pigment suppliers to the United States, with a combined X% share of total imports. India, Mexico, Italy and Brazil lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Mexico, with a CAGR of X%, saw the highest growth rate of 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 dye and pigment import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 India ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :