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

Contents:

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

Price for Dyes; Pigments and Preparations Based Thereon in Spain (CIF) - 2023

The average import price for dyes; pigments and preparations based therea stood at $5,898 per ton in November 2023, declining by -21% against the previous month. In general, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in October 2023 an increase of 52% against the previous month. Over the period under review, average import prices hit record highs at $8,947 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($14,216 per ton), while the price for the United States ($2,307 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced a decline.

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

In November 2023, the average export price for dyes; pigments and preparations based therea amounted to $5,948 per ton, stabilizing at the previous month. In general, export price indicated a moderate expansion from November 2022 to November 2023: its price increased at an average monthly rate of +4.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for dyes; pigments and preparations based therea decreased by -21.8% against August 2023 indices. The pace of growth was the most pronounced in December 2022 when the average export price increased by 80% against the previous month. Over the period under review, the average export prices attained the maximum at $7,604 per ton in August 2023; however, from September 2023 to November 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was India ($8,146 per ton), while the average price for exports to Belgium ($3,143 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 Italy (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dyes; Pigments and Preparations Based Thereon in Spain

In 2022, approx. 24K tons of dyes; pigments and preparations based therea were imported into Spain; waning by -13.7% against the year before. Overall, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 9.8%. As a result, imports attained the peak of 27K tons, and then declined in the following year.

In value terms, imports of dyes; pigments and preparations based therea shrank modestly to $153M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22%. As a result, imports attained the peak of $158M, and then declined slightly in the following year.

Import of Dyes; Pigments and Preparations Based Thereon in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany29.734.940.435.05.6%
China28.421.725.626.5-2.3%
Belgium19.218.723.822.85.9%
India11.610.315.114.98.7%
United States7.98.111.611.613.7%
Italy6.96.79.08.88.4%
Portugal1.73.54.77.060.3%
Others29.725.528.226.8-3.4%
Total1351291581534.3%

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

  1. United States (6.0K tons)
  2. China (5.0K tons)
  3. Germany (2.6K tons)
  4. Belgium (2.5K tons)
  5. India (2.0K tons)
  6. Portugal (1.6K tons)
  7. Italy (1.2K tons)

Exports of Dyes; Pigments and Preparations Based Thereon in Spain

For the third consecutive year, Spain recorded decline in shipments abroad of dyes; pigments and preparations based therea, which decreased by -14.1% to 18K tons in 2022. Overall, exports saw a abrupt shrinkage. The smallest decline of -2.8% was in 2020.

In value terms, exports of dyes; pigments and preparations based therea dropped to $93M in 2022. In general, exports saw a pronounced downturn. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of $102M, and then declined in the following year.

Export of Dyes; Pigments and Preparations Based Thereon in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany44.240.249.243.6-0.5%
Italy11.27.710.110.1-3.4%
France8.98.27.57.5-5.5%
Portugal3.83.14.54.45.0%
Poland2.22.52.82.31.5%
Mexico3.13.43.12.2-10.8%
Morocco1.51.62.02.111.9%
Belgium0.71.01.01.012.6%
United Kingdom5.43.70.70.7-49.4%
Others20.717.621.119.3-2.3%
Total10289.110293.2-3.0%

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

  1. Germany (7.8K tons)
  2. Italy (3.3K tons)
  3. France (1.6K tons)
  4. Portugal (0.9K tons)
  5. Morocco (0.4K tons)
  6. Mexico (0.3K tons)
  7. Poland (0.3K tons)
  8. Belgium (0.3K tons)
  9. United Kingdom (0.1K tons)

Source: IndexBox Market Intelligence Platform

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