Overview of the Global Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

The global pigments, opacifiers and colours market reached $X in 2022, growing by 3.6% against the previous year. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs in 2022 and is likely to see steady growth in years to come.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

In value terms, pigments, opacifiers and colours production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% 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 2019 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, global production growth remained at a somewhat lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports

In 2022, the amount of pigments, opacifiers and colours for ceramics, enamelling or glass exported worldwide contracted modestly to X tons, dropping by -5% compared with the previous year. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 10%. The global exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pigments, opacifiers and colours exports contracted slightly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Over the period under review, the global exports attained the peak figure at $X in 2014; afterwards, it flattened through to 2022.

Exports by Country

Spain represented the largest exporter of pigments, opacifiers and colours for ceramics, enamelling or glass in the world, with the volume of exports accounting for X tons, which was approx. 45% of total exports in 2022. China (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Italy (11%), India (5.7%) and Indonesia (4.5%). The United States (X tons), the Netherlands (X tons), Brazil (X tons) and Turkey (X tons) held a minor share of total exports.

Spain experienced a relatively flat trend pattern with regard to volume of exports of pigments, opacifiers and colours for ceramics, enamelling or glass. At the same time, Indonesia (+28.1%), Brazil (+23.9%), Turkey (+15.1%) and India (+3.3%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.1% from 2012-2022. The United States and China experienced a relatively flat trend pattern. By contrast, Italy (-3.3%) and the Netherlands (-3.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, Spain, India and Brazil increased by +4.2, +3.2, +1.6 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest pigments, opacifiers and colours supplier worldwide, comprising 39% of global exports. The second position in the ranking was taken by China ($X), with a 13% share of global exports. It was followed by Italy, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value in Spain totaled +2.0%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+3.5% per year) and Italy (-2.6% per year).

Export Prices by Country

In 2022, the average pigments, opacifiers and colours export price amounted to $X per ton, increasing by 4.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 13%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the other global leaders experienced more modest paces of growth.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports

Global pigments, opacifiers and colours imports contracted to X tons in 2022, declining by -4.7% against the year before. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of X tons, and then reduced slightly in the following year.

In value terms, pigments, opacifiers and colours imports shrank slightly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. Global imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons), followed by Italy (X tons) and Vietnam (X tons) were the major importers of pigments, opacifiers and colours for ceramics, enamelling or glass, together mixing up 25% of total imports. The following importers - Indonesia (X tons), Turkey (X tons), the United Arab Emirates (X tons), Germany (X tons), the United States (X tons), Bangladesh (X tons), Spain (X tons), Mexico (X tons), Argentina (X tons) and Poland (X tons) - together made up 33% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Argentina (with a CAGR of +24.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest pigments, opacifiers and colours importing markets worldwide were India ($X), Italy ($X) and Vietnam ($X), together accounting for 23% of global imports. Turkey, the United States, Mexico, Poland, Germany, Indonesia, Spain, the United Arab Emirates, Bangladesh and Argentina lagged somewhat behind, together comprising a further 28%.

Bangladesh, with a CAGR of +14.3%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pigments, opacifiers and colours import price amounted to $X per ton, rising by 2.7% against the previous year. Overall, the import price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2018 an increase of 9.8%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.8%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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