Colombia - Synthetic Organic Coloring Matter And Pigments - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Colombia - Synthetic Organic Coloring Matter And Pigments - Market Analysis, Forecast, Size, Trends and Insights

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Organic Pigments Price in Colombia - 2022

Contents:

  1. Organic Pigments Price in Colombia (CIF) - 2022
  2. Organic Pigments Price in Colombia (FOB) - 2022
  3. Organic Pigments Imports in Colombia
  4. Organic Pigments Exports in Colombia

Organic Pigments Price in Colombia (CIF) - 2022

The average organic pigments import price stood at $11,054 per ton in February 2022, jumping by 20% against the previous month. In general, import price indicated noticeable growth from February 2021 to February 2022: its price increased at an average monthly rate of +3.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, organic pigments import price increased by +30.8% against December 2021 indices. The most prominent rate of growth was recorded in August 2021 an increase of 39% m-o-m. Over the period under review, average import prices reached the peak figure in February 2022.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Germany ($32,339 per ton), while the price for Free Zones ($1,626 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Mexico (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Organic Pigments Price in Colombia (FOB) - 2022

In 2021, the average organic pigments export price amounted to $8,302 per ton, with a decrease of -1.9% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices reached the peak figure at $9,070 per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Venezuela ($14,209 per ton), while the average price for exports to El Salvador ($3,564 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports in Colombia

Organic pigments imports into Colombia reduced to 11K tons in 2022, with a decrease of -11.1% on the previous year's figure. In general, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. As a result, imports attained the peak of 13K tons, and then fell in the following year.

In value terms, organic pigments imports fell to $91M in 2022. Overall, imports continue to indicate a slight slump. The growth pace was the most rapid in 2021 with an increase of 27%. As a result, imports attained the peak of $102M, and then declined in the following year.

Import of Organic Pigments in Colombia (Million USD)
COUNTRY201920202021CAGR,
2019-2021
India19.917.727.016.5%
China25.920.725.5-0.8%
United States8.38.07.9-2.4%
Germany7.77.27.70.0%
Mexico5.05.16.816.6%
Switzerland4.23.44.1-1.2%
Brazil4.52.93.8-8.1%
Indonesia2.42.13.215.5%
Taiwan (Chinese)2.41.92.52.1%
South Korea2.91.62.3-10.9%
Others13.19.711.6-5.9%
Total96.480.21022.9%

Top Suppliers of Organic Pigments to Colombia in 2022:

  1. India (4.1K tons)
  2. China (3.4K tons)
  3. Brazil (1.8K tons)
  4. United States (0.6K tons)
  5. Mexico (0.5K tons)
  6. Germany (0.4K tons)
  7. Taiwan (Chinese) (0.3K tons)
  8. Indonesia (0.2K tons)
  9. Switzerland (0.2K tons)
  10. South Korea (0.2K tons)

Organic Pigments Exports in Colombia

Organic pigments exports from Colombia contracted modestly to 1.8K tons in 2022, dropping by -4% on the year before. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 8.7% against the previous year. As a result, the exports attained the peak of 1.9K tons, and then reduced slightly in the following year.

In value terms, organic pigments exports dropped modestly to $15M in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 6.6%. As a result, the exports reached the peak of $15M, and then declined slightly in the following year.

Export of Organic Pigments in Colombia (Million USD)
COUNTRY201920202021CAGR,
2019-2021
Ecuador3.53.84.715.9%
Mexico2.82.82.91.8%
Brazil0.81.21.011.8%
Costa Rica1.21.11.0-8.7%
Honduras0.80.80.80.0%
Panama0.70.80.86.9%
Venezuela0.30.40.863.3%
United States0.60.90.60.0%
Guatemala0.40.30.511.8%
Peru0.60.80.5-8.7%
El Salvador0.40.20.40.0%
Argentina0.20.10.322.5%
Dominican Republic0.60.50.2-42.3%
Others0.70.70.70.0%
Total13.614.515.56.8%

Top Export Markets for Organic Pigments from Colombia in 2022:

  1. Ecuador (626.1 tons)
  2. Mexico (281.0 tons)
  3. Brazil (130.3 tons)
  4. El Salvador (105.5 tons)
  5. Panama (93.8 tons)
  6. Costa Rica (91.5 tons)
  7. Honduras (88.4 tons)
  8. Peru (73.3 tons)
  9. United States (71.5 tons)
  10. Venezuela (58.7 tons)
  11. Guatemala (51.3 tons)
  12. Argentina (32.4 tons)
  13. Dominican Republic (24.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the organic pigments market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20122110 - Disperse dyes and preparations based thereon
  • Prodcom 20122120 - Acid and mordant dyes and preparations based thereon
  • Prodcom 20122130 - Basic dyes and preparations based thereon
  • Prodcom 20122140 - Direct dyes and preparations based thereon
  • Prodcom 20122150 - Other synthetic organic colouring matters
  • Prodcom 20122160 - Synthetic organic products used as fluorescent brightening agents
  • Prodcom 20122170 - Colour lakes, preparations based on colour lakes

Country coverage:

  • Colombia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Colombia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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