EU: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in the EU

In 2022, the EU iron oxide pigment market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Iron Oxide Pigment Production in the EU

In value terms, iron oxide pigment production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the immediate term.

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Iron Oxide Pigment Exports

Exports in the EU

In 2022, overseas shipments of iron oxide pigments increased by X% to X tons, rising for the third year in a row after two years of decline. Total exports indicated a prominent expansion 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. Based on 2022 figures, exports increased by X% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron oxide pigment exports skyrocketed to $X in 2022. In general, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Germany (X tons) represented the key exporter of iron oxide pigments, making up X% of total exports. Sweden (X tons) ranks second in terms of the total exports with a X% share, followed by Belgium (X%), Spain (X%), Austria (X%), Italy (X%) and France (X%).

Germany experienced a relatively flat trend pattern with regard to volume of exports of iron oxide pigments. At the same time, Belgium (X%), Spain (X%), Austria (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. France experienced a relatively flat trend pattern. By contrast, Italy (X%) illustrated a downward trend over the same period. Germany (X p.p.) and Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while Austria, France, Sweden and Italy saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) emerged as the largest iron oxide pigment supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

In Germany, iron oxide pigment exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, with an increase of X% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Iron Oxide Pigment Imports

Imports in the EU

In 2022, the amount of iron oxide pigments imported in the European Union skyrocketed to X tons, jumping by X% on 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron oxide pigment imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of iron oxide pigment imports in 2022 were Spain (X tons), Germany (X tons) and the Netherlands (X tons), together reaching X% of total import. France (X tons) took the next position in the ranking, followed by Italy (X tons), Poland (X tons) and Belgium (X tons). All these countries together held near X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron oxide pigment importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), with a combined X% share of total imports.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, saw 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

The import price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

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 Belgium ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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