Report Update: Apr 1, 2024

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

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Organic Pigments Price in the Philippines - 2023

Organic Pigments Price in the Philippines (CIF) - 2022

The average organic pigments import price stood at $8,396 per ton in 2021, surging by 6.3% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, organic pigments import price increased by +85.4% against 2014 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 20%. The import price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($20,987 per ton), while the price for Indonesia ($3,872 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Organic Pigments Price in the Philippines (FOB) - 2022

In 2021, the average organic pigments export price amounted to $4,432 per ton, waning by -3% against the previous year. Overall, the export price, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2016 an increase of 91% against the previous year. Over the period under review, the average export prices attained the peak figure at $8,254 per ton in 2014; however, from 2015 to 2021, the 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 Thailand ($15,719 per ton), while the average price for exports to Vietnam ($2,187 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 the Netherlands (+33.8%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports in the Philippines

In 2022, approx. 10K tons of synthetic organic coloring matter and pigments were imported into the Philippines; reducing by -5.4% compared with 2021 figures. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of 11K tons, and then shrank in the following year.

In value terms, organic pigments imports rose modestly to $92M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Import of Organic Pigments in the Philippines (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
India	16.3	17.2	20.8	13.0%
China	15.2	14.2	18.5	10.3%
Germany	5.6	7.3	12.0	46.4%
Japan	5.6	7.2	10.2	35.0%
Indonesia	2.4	2.5	4.0	29.1%
Taiwan (Chinese)	4.9	3.7	3.0	-21.8%
Thailand	0.9	0.6	2.6	70.0%
Singapore	4.1	3.5	2.2	-26.7%
South Korea	2.6	1.8	1.5	-24.0%
Others	5.1	6.2	14.5	68.6%
Total	62.8	64.2	89.2	19.2%

Top Suppliers of Organic Pigments to the Philippines in 2022:

India (3.4K tons)
China (2.7K tons)
Indonesia (1.0K tons)
Germany (1.0K tons)
Taiwan (Chinese) (0.7K tons)
Japan (0.5K tons)
Thailand (0.3K tons)
Singapore (0.2K tons)
South Korea (0.2K tons)

Organic Pigments Exports in the Philippines

In 2022, overseas shipments of synthetic organic coloring matter and pigments decreased by -10% to 528 tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. As a result, the exports reached the peak of 665 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, organic pigments exports shrank to $2.3M in 2022. Over the period under review, exports recorded a deep reduction. The smallest decline of -11.9% was in 2020.

Export of Organic Pigments in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Vietnam	21.7	228	441	350.8%
Thailand	109	104	372	84.7%
Myanmar	97.2	232	361	92.7%
Singapore	172	103	357	44.1%
India	92.2	107	326	88.0%
Indonesia	102	142	214	44.8%
Malaysia	31.0	181	201	154.6%
United States	185	110	N/A	-40.5%
Others	2,642	1,834	327	-64.8%
Total	3,452	3,040	2,600	-13.2%

Top Export Markets for Organic Pigments from the Philippines in 2022:

United States (undefined tons)
Vietnam (201.6 tons)
India (125.1 tons)
Singapore (91.3 tons)
Malaysia (47.4 tons)
Myanmar (42.4 tons)
Indonesia (25.6 tons)
Thailand (23.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the organic pigments market in the Philippines. 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:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
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
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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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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