Venezuela: Organic Pigments Market 2025

Organic Pigments Market Size in Venezuela

In 2021, the Venezuelan organic pigments market increased by 139% to $X for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, consumption, however, continues to indicate a deep reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Organic Pigments Exports

Exports from Venezuela

In 2021, shipments abroad of synthetic organic coloring matter and pigments increased by 19% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, faced a deep downturn. The growth pace was the most rapid in 2014 when exports increased by 229% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, organic pigments exports expanded remarkably to $X in 2021. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 222% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for organic pigments exports from Venezuela, accounting for a 520% share of total exports. Moreover, organic pigments exports to Chile exceeded the volume sent to the second major destination, Aruba (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Chile was relatively modest.

In value terms, Chile ($X) emerged as the key foreign market for synthetic organic coloring matter and pigments exports from Venezuela, comprising 261% of total exports. The second position in the ranking was held by Aruba ($X), with a 61% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile was relatively modest.

Export Prices by Country

The average organic pigments export price stood at $X per ton in 2021, declining by -5.8% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 an increase of 151%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to Chile stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+42.8%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Venezuela

In 2021, supplies from abroad of synthetic organic coloring matter and pigments increased by 135% to X tons, rising for the second consecutive year after seven years of decline. Over the period under review, imports, however, recorded a abrupt shrinkage. 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 surged to $X in 2021. Overall, imports, however, saw a deep slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), the United States (X tons) and Switzerland (X tons) were the main suppliers of organic pigments imports to Venezuela, with a combined 36% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of -7.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest organic pigments suppliers to Venezuela were India ($X), the United States ($X) and Spain ($X), with a combined 33% share of total imports.

Among the main suppliers, Spain, with a CAGR of -3.6%, 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 a decline.

Import Prices by Country

In 2021, the average organic pigments import price amounted to $X per ton, picking up by 2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, 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 Brazil ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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