Price for Dyes; Pigments and Preparations Based Thereon in Greece - 2023

Contents:

  1. Price for Dyes; Pigments and Preparations Based Thereon in Greece (FOB) - 2023
  2. Price for Dyes; Pigments and Preparations Based Thereon in Greece (CIF) - 2022
  3. Exports of Dyes; Pigments and Preparations Based Thereon in Greece
  4. Imports of Dyes; Pigments and Preparations Based Thereon in Greece

Price for Dyes; Pigments and Preparations Based Thereon in Greece (FOB) - 2023

In November 2023, the average export price for dyes; pigments and preparations based therea amounted to $5,887 per ton, standing approximately at the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in January 2023 an increase of 40% against the previous month. As a result, the export price reached the peak level of $6,501 per ton. From February 2023 to November 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Russia ($17,397 per ton), while the average price for exports to Poland ($2,988 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Dyes; Pigments and Preparations Based Thereon in Greece (CIF) - 2022

In 2022, the average import price for dyes; pigments and preparations based therea amounted to $8,782 per ton, standing approx. at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 13% against the previous year. The import price peaked at $9,942 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($12,595 per ton), while the price for Romania ($4,339 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Dyes; Pigments and Preparations Based Thereon in Greece

After three years of growth, shipments abroad of dyes; pigments and preparations based therea decreased by -28.3% to 4.6K tons in 2022. Over the period under review, total exports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 32%. As a result, the exports reached the peak of 6.4K tons, and then reduced rapidly in the following year.

In value terms, exports of dyes; pigments and preparations based therea reduced remarkably to $22M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports attained the peak of $29M, and then dropped dramatically in the following year.

Export of Dyes; Pigments and Preparations Based Thereon in Greece (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Romania3.23.33.93.53.0%
Germany1.61.62.22.312.9%
Russia1.62.15.42.07.7%
Bulgaria1.82.63.41.91.8%
Lithuania1.51.72.21.74.3%
Poland1.01.21.81.514.5%
Turkey0.61.01.41.432.6%
Serbia0.70.80.90.98.7%
Czech Republic0.40.40.70.826.0%
Ukraine0.91.41.50.8-3.9%
BelarusN/AN/AN/A0.50%
Cyprus0.40.50.50.57.7%
Brazil0.30.50.40.410.1%
Others3.33.54.53.84.8%
Total17.320.728.922.08.3%

Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Greece in 2022:

  1. Romania (707.4 tons)
  2. Germany (527.8 tons)
  3. Bulgaria (451.1 tons)
  4. Russia (398.3 tons)
  5. Lithuania (397.7 tons)
  6. Poland (351.1 tons)
  7. Czech Republic (223.4 tons)
  8. Serbia (197.7 tons)
  9. Ukraine (197.2 tons)
  10. Turkey (195.8 tons)
  11. Cyprus (144.1 tons)
  12. Brazil (83.3 tons)
  13. Belarus (77.8 tons)

Imports of Dyes; Pigments and Preparations Based Thereon in Greece

In 2022, approx. 1.6K tons of dyes; pigments and preparations based therea were imported into Greece; which is down by -25.9% on 2021 figures. Over the period under review, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. As a result, imports reached the peak of 2.2K tons, and then contracted markedly in the following year.

In value terms, imports of dyes; pigments and preparations based therea shrank rapidly to $14M in 2022. In general, imports showed a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, imports attained the peak of $19M, and then contracted notably in the following year.

Import of Dyes; Pigments and Preparations Based Thereon in Greece (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2.94.35.43.56.5%
India1.72.13.43.324.7%
China1.31.21.91.54.9%
Sweden0.11.11.21.0115.4%
Poland1.10.71.00.9-6.5%
Netherlands0.80.80.60.80.0%
Cyprus2.91.62.40.8-34.9%
Italy1.61.11.40.7-24.1%
Romania0.10.10.20.458.7%
Others3.11.81.41.1-29.2%
Total15.714.718.914.0-3.7%

Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Greece in 2022:

  1. India (365.8 tons)
  2. Germany (280.6 tons)
  3. China (229.2 tons)
  4. Sweden (175.9 tons)
  5. Italy (124.8 tons)
  6. Poland (95.7 tons)
  7. Romania (82.6 tons)
  8. Netherlands (77.7 tons)
  9. Cyprus (73.4 tons)

Source: IndexBox Market Intelligence Platform

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