China: Organic Pigments Market 2024

Organic Pigments Market Size in China

The Chinese organic pigments market was finally on the rise to reach $X in 2022, after three years of decline. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Organic Pigments Production in China

In value terms, organic pigments production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Organic Pigments Exports

Exports from China

In 2022, approx. X tons of synthetic organic coloring matter and pigments were exported from China; waning by X% against the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, organic pigments exports declined to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Pakistan (X tons), Indonesia (X tons) and South Korea (X tons) were the main destinations of organic pigments exports from China, together comprising X% of total exports. Vietnam, Turkey, Taiwan (Chinese), India, Bangladesh, Brazil, Japan, the Netherlands, Thailand and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organic pigments exported from China were Indonesia ($X), South Korea ($X) and Pakistan ($X), together comprising X% of total exports. India, Turkey, Taiwan (Chinese), Vietnam, Japan, the Netherlands, Brazil, Thailand, Singapore and Bangladesh lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average organic pigments export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price recorded a mild increase. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Pakistan ($X 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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into China

In 2022, approx. X tons of synthetic organic coloring matter and pigments were imported into China; with a decrease of X% against 2021. Overall, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced rapidly in the following year.

In value terms, organic pigments imports dropped dramatically to $X in 2022. In general, imports, however, showed strong growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of organic pigments to China, with a X% share of total imports. Moreover, organic pigments imports from India exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), eightfold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Thailand (X% per year).

In value terms, India ($X), South Korea ($X) and Japan ($X) were the largest organic pigments suppliers to China, together comprising X% of total imports. Germany, Taiwan (Chinese), Thailand, the United States, Switzerland, Indonesia, Myanmar and Singapore lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Myanmar, with a CAGR of X.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average organic pigments import price amounted to $X per ton, surging by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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 ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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