Report Update Apr 1, 2024

Cuba - Synthetic Organic Coloring Matter and Pigments - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Organic Pigments Market 2024

Organic Pigments Market Size in Cuba

In 2021, the Cuban organic pigments market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Organic Pigments Exports

Exports from Cuba

For the ninth consecutive year, Cuba recorded decline in shipments abroad of synthetic organic coloring matter and pigments, which decreased by -29.7% to X kg in 2021. In general, exports showed a precipitous descent. The smallest decline of -16% was in 2020. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, organic pigments exports dropped remarkably to $X in 2021. Over the period under review, exports continue to indicate a sharp descent. The smallest decline of -29.5% was in 2018. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X kg) was the main destination for organic pigments exports from Cuba, accounting for a approx. 89% share of total exports.

From 2012 to 2017, the average annual rate of growth in terms of volume to the Czech Republic was relatively modest.

From 2012 to 2017, the average annual growth rate of value to the Czech Republic was relatively modest.

Export Prices by Country

In 2017, the average organic pigments export price amounted to $X per ton, shrinking by -16.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 131% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2017, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Czech Republic.

From 2012 to 2017, the rate of growth in terms of prices for Venezuela amounted to -27.0% per year.

Organic Pigments Imports

Imports into Cuba

Organic pigments imports into Cuba surged to X tons in 2021, rising by 313% compared with 2020 figures. Overall, imports, however, showed a slight contraction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, organic pigments imports skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest organic pigments supplier to Cuba, accounting for a 21% share of total imports. Moreover, organic pigments imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Mexico (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.0% per year) and Mexico (-21.2% per year).

In value terms, Spain ($X) constituted the largest supplier of synthetic organic coloring matter and pigments to Cuba, comprising 24% of total imports. The second position in the ranking was taken by France ($X), with an 8.9% share of total imports. It was followed by Switzerland, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.0% per year) and Switzerland (+12.3% per year).

Import Prices by Country

The average organic pigments import price stood at $X per ton in 2021, which is down by -16.8% against the previous year. In general, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, organic pigments import price decreased by -43.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 41%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic organic coloring matter and pigments in the world?

The countries with the highest volumes of consumption in 2021 were China, Turkey and the United States, together comprising 50% of global consumption.

What are the largest producers of synthetic organic coloring matter and pigments in the world?

The countries with the highest volumes of production in 2021 were China, India and Turkey, together comprising 59% of global production.

What are the leading suppliers of synthetic organic coloring matter and pigments to Cuba?

In value terms, Spain constituted the largest supplier of synthetic organic coloring matter and pigments to Cuba, comprising 24% of total imports. The second position in the ranking was taken by France, with an 8.9% share of total imports. It was followed by Switzerland, with a 4.8% share.

What is the average export price for synthetic organic coloring matter and pigments in Cuba?

In 2017, the average organic pigments export price amounted to $6,996 per ton, which is down by -16.2% against the previous year.

What is the average import price for synthetic organic coloring matter and pigments in Cuba?

In 2021, the average organic pigments import price amounted to $5,417 per ton, waning by -16.8% against the previous year.

This report provides an in-depth analysis of the organic pigments market in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20122110 - Disperse dyes and preparations based thereon
Prodcom 20122120 - Acid and mordant dyes and preparations based thereon
Prodcom 20122130 - Basic dyes and preparations based thereon
Prodcom 20122140 - Direct dyes and preparations based thereon
Prodcom 20122150 - Other synthetic organic colouring matters
Prodcom 20122160 - Synthetic organic products used as fluorescent brightening agents
Prodcom 20122170 - Colour lakes, preparations based on colour lakes

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023