Global Pigments, Opacifiers And Colours Market 2019 - Key Insights

IndexBox has just published a new report, the World - Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass - Market Analysis, Forecast, Size, Trends And Insights. Here is a summary of the report's key findings.

The global pigments, opacifiers and colours market revenue amounted to $5.1B in 2017, declining by -6.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.8% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008, with an increase of 26% against the previous year. Over the period under review, the global pigments, opacifiers and colours market attained its peak figure level at $5.5B in 2016, and then declined slightly in the following year.

Production 2007-2017

Global pigments, opacifiers and colours production stood at 883K tonnes in 2017, lowering by -7.7% against the previous year.

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

Exports 2007-2017

Global exports amounted to 182K tonnes in 2017, increasing by 1.6% against the previous year. In general, pigments, opacifiers and colours exports continue to indicate a mild descent.

In value terms, pigments, opacifiers and colours exports totaled $914M (IndexBox estimates) in 2017.

Exports by Country

In 2017, Spain (83K tonnes) represented the key exporter for pigments, opacifiers and colours for ceramics, enamelling or glass, comprising 46% of total exports. China (22K tonnes) occupied a 12% share (based on tonnes) of total exports, which put it in second place, followed by Italy (12%). The U.S. (7.8K tonnes), Afghanistan (7.3K tonnes), India (7.2K tonnes), Germany (5.2K tonnes) and the Netherlands (4.2K tonnes) took the weak share of total exports.

Exports from Spain increased at an average annual rate of +1.4% from 2007 to 2017. At the same time, Afghanistan (+26.3%), India (+20.0%) and the U.S. (+1.4%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest growing exporter in the world, with a CAGR of +26.3% from 2007-2017. By contrast, Germany (-1.2%), China (-4.4%), Italy (-5.4%) and the Netherlands (-8.6%) illustrated a downward trend over the same period. While the share of Italy (8.8%), China (6.8%) and the Netherlands (3.3%) increased significantly in terms of the global exports from 2007-2017, the share of India (-3.3%), Afghanistan (-3.6%) and Spain (-5.8%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($279M) remains the largest pigments, opacifiers and colours supplier worldwide, comprising 31% of global exports. The second position in the ranking was occupied by Italy ($95M), with a 10% share of global exports. It was followed by the U.S., with a 10% share.

Export Prices by Country

The average pigments, opacifiers and colours export price stood at $5 per kg in 2017, jumping by 2.2% against the previous year. In general, the pigments, opacifiers and colours export price continues to indicate a relatively flat trend pattern.

Export prices varied noticeably by the country of destination; the country with the highest export price was the Netherlands ($22 per kg), while Afghanistan ($992 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+4.1% per year), while the other global leaders experienced more modest paces of growth.

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

Imports 2007-2017

In 2017, approx. 201K tonnes of pigments, opacifiers and colours for ceramics, enamelling or glass were imported worldwide; reducing by -2% against the previous year.

In value terms, pigments, opacifiers and colours imports stood at $950M (IndexBox estimates) in 2017.

Imports by Country

Italy (17K tonnes), India (17K tonnes), China (13K tonnes), Indonesia (12K tonnes), the Czech Republic (9.3K tonnes), Germany (8.7K tonnes), the UK (7.2K tonnes), Turkey (6.9K tonnes), the United Arab Emirates (6.9K tonnes), the U.S. (6.8K tonnes), Viet Nam (6.3K tonnes) and Poland (6.3K tonnes) represented roughly 58% of total imports of pigments, opacifiers and colours for ceramics, enamelling or glass in 2017.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China (+19.1% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest pigments, opacifiers and colours markets worldwide were China ($88M), Italy ($70M) and India ($61M), with a combined 23% share of global imports.

Import Prices by Country

In 2017, the average pigments, opacifiers and colours import price amounted to $4.7 per kg, rising by 6.4% against the previous year. Overall, the pigments, opacifiers and colours import price continues to indicate a mild decline.

Import prices varied noticeably by the country of destination; the country with the highest import price was the U.S. ($6.8 per kg), while the Czech Republic ($1.7 per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Indonesia (+1.6% per year), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform