Price for Colouring Matter; Ultramarine and Preparations Based Thereon in India - 2023
Contents:
- Price for Colouring Matter; Ultramarine and Preparations Based Thereon in India (FOB) - 2023
- Price for Colouring Matter; Ultramarine and Preparations Based Thereon in India (CIF) - 2022
- Exports of Colouring Matter; Ultramarine and Preparations Based Thereon in India
- Imports of Colouring Matter; Ultramarine and Preparations Based Thereon in India
Price for Colouring Matter; Ultramarine and Preparations Based Thereon in India (FOB) - 2023
In July 2023, the average export price for colouring matter; ultramarine and preparations based therea amounted to $1,049 per ton, shrinking by -15.4% against the previous month. In general, the export price showed a slight contraction. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 81% against the previous month. As a result, the export price attained the peak level of $1,850 per ton. From June 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($6,853 per ton), while the average price for exports to Sudan ($198 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Colouring Matter; Ultramarine and Preparations Based Thereon in India (CIF) - 2022
In 2022, the average import price for colouring matter; ultramarine and preparations based therea amounted to $4,638 per ton, rising by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2021 when the average import price increased by 49% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($10,227 per ton), while the price for Indonesia ($2,249 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Colouring Matter; Ultramarine and Preparations Based Thereon in India
Exports of colouring matter; ultramarine and preparations based therea from India dropped to 23K tons in 2022, falling by -8.4% against 2021 figures. In general, exports saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 9.3% against the previous year.
In value terms, exports of colouring matter; ultramarine and preparations based therea soared to $29M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 33%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Colouring Matter; Ultramarine and Preparations Based Thereon in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.8 | 3.3 | 4.7 | 6.5 | 19.6% |
| United States | 2.0 | 1.6 | 3.3 | 5.5 | 40.1% |
| Sudan | 1.9 | 1.6 | 1.6 | 1.8 | -1.8% |
| Spain | 1.1 | 0.3 | 0.7 | 1.6 | 13.3% |
| Mexico | 0.1 | 0.1 | 0.1 | 1.1 | 122.4% |
| Egypt | 1.9 | 1.8 | 1.8 | 1.1 | -16.7% |
| Senegal | 0.9 | 0.7 | 1.0 | 0.9 | 0.0% |
| Indonesia | 0.8 | 0.8 | 0.6 | 0.8 | 0.0% |
| Nigeria | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
| Bangladesh | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
| Gambia | 0.3 | 0.3 | 0.4 | 0.2 | -12.6% |
| Philippines | 0.4 | 0.2 | 0.2 | 0.2 | -20.6% |
| Others | 6.2 | 5.5 | 6.9 | 8.7 | 12.0% |
| Total | 20.1 | 16.8 | 22.3 | 29.3 | 13.4% |
Top Export Markets for Colouring Matter; Ultramarine and Preparations Based Thereon from India in 2022:
- Sudan (7.7K tons)
- Egypt (3.2K tons)
- Senegal (1.9K tons)
- South Korea (1.6K tons)
- United States (1.0K tons)
- Spain (0.8K tons)
- Indonesia (0.7K tons)
- Bangladesh (0.5K tons)
- Philippines (0.5K tons)
- Mexico (0.4K tons)
- Gambia (0.4K tons)
- Nigeria (0.4K tons)
Imports of Colouring Matter; Ultramarine and Preparations Based Thereon in India
In 2022, the amount of colouring matter; ultramarine and preparations based therea imported into India rose modestly to 603 tons, surging by 2.5% against the previous year. Over the period under review, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 7.7% against the previous year. As a result, imports attained the peak of 941 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of colouring matter; ultramarine and preparations based therea expanded significantly to $2.8M in 2022. Overall, imports, however, recorded a noticeable decline.
| Import of Colouring Matter; Ultramarine and Preparations Based Thereon in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 923 | 774 | 938 | 790 | -5.1% |
| Colombia | 947 | 1,302 | 463 | 717 | -8.9% |
| Switzerland | 282 | 111 | 468 | 470 | 18.6% |
| Romania | 444 | 59.2 | 191 | 216 | -21.4% |
| South Korea | 198 | 160 | 88.1 | 79.3 | -26.3% |
| China | 44.0 | 4.5 | 15.3 | 75.9 | 19.9% |
| Indonesia | 66.0 | 36.7 | 40.9 | 54.8 | -6.0% |
| Others | 206 | 204 | 259 | 396 | 24.3% |
| Total | 3,110 | 2,651 | 2,464 | 2,799 | -3.5% |
Top Suppliers of Colouring Matter; Ultramarine and Preparations Based Thereon to India in 2022:
- Colombia (245.8 tons)
- Spain (148.3 tons)
- Romania (52.4 tons)
- Switzerland (45.9 tons)
- Indonesia (24.4 tons)
- South Korea (20.0 tons)
- China (15.7 tons)
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