Asia: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2023

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Asia

The Asian pigments, opacifiers and colours market declined modestly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2021, and then dropped modestly in the following year.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Asia

In value terms, pigments, opacifiers and colours production fell modestly to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports in Asia

In 2022, overseas shipments of pigments, opacifiers and colours for ceramics, enamelling or glass increased by 17% to X tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, pigments, opacifiers and colours exports soared to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China represented the major exporter of pigments, opacifiers and colours for ceramics, enamelling or glass in Asia, with the volume of exports amounting to X tons, which was near 47% of total exports in 2022. India (X tons) took the second position in the ranking, followed by Indonesia (X tons) and Turkey (X tons). All these countries together took approx. 41% share of total exports. The following exporters - Japan (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) - together made up 7.3% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of pigments, opacifiers and colours for ceramics, enamelling or glass. At the same time, Indonesia (+28.1%), Turkey (+15.1%), India (+3.3%) and Thailand (+2.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +28.1% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-6.7%) illustrated a downward trend over the same period. While the share of Indonesia (+14 p.p.), Turkey (+3.9 p.p.) and India (+3.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-3.3 p.p.) and China (-6.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pigments, opacifiers and colours supplier in Asia, comprising 52% of total exports. The second position in the ranking was held by Japan ($X), with an 11% share of total exports. It was followed by Indonesia, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +3.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+1.0% per year) and Indonesia (+27.3% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, approximately mirroring the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 28%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the other leaders experienced more modest paces of growth.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports in Asia

In 2022, the amount of pigments, opacifiers and colours for ceramics, enamelling or glass imported in Asia declined slightly to X tons, with a decrease of -1.8% on the previous year's figure. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 19%. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, pigments, opacifiers and colours imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 24%. As a result, imports reached the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, India (X tons), distantly followed by Vietnam (X tons), Indonesia (X tons), Turkey (X tons), the United Arab Emirates (X tons) and Bangladesh (X tons) represented the main importers of pigments, opacifiers and colours for ceramics, enamelling or glass, together comprising 72% of total imports. China (X tons), Iran (X tons), Taiwan (Chinese) (X tons), Thailand (X tons), Malaysia (X tons), South Korea (X tons) and Singapore (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pigments, opacifiers and colours imports into India stood at +10.0%. At the same time, Bangladesh (+16.4%), Vietnam (+11.4%), Singapore (+7.3%), Taiwan (Chinese) (+3.9%) and Turkey (+3.2%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia, with a CAGR of +16.4% from 2012-2022. South Korea and Indonesia experienced a relatively flat trend pattern. By contrast, China (-1.1%), Iran (-1.5%), Thailand (-2.1%), the United Arab Emirates (-5.4%) and Malaysia (-9.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Vietnam and Bangladesh increased by +14, +6.8 and +5.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported pigments, opacifiers and colours for ceramics, enamelling or glass in Asia, comprising 24% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 11% share of total imports. It was followed by Turkey, with an 11% share.

In India, pigments, opacifiers and colours imports increased at an average annual rate of +8.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+11.4% per year) and Turkey (-0.2% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price showed a slight contraction. The pace of growth was the most pronounced in 2013 an increase of 19%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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