Iceland: Organic Pigments Market 2020

Organic Pigments Market Size in Iceland

The revenue of the organic pigments market in Iceland amounted to $X in 2018, going down by -X% against the previous year. Overall, organic pigments consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the market value increased by X% y-o-y. Iceland organic pigments consumption peaked at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Organic Pigments Production in Iceland

In value terms, organic pigments production stood at $X in 2018 estimated in export prices. Over the period under review, organic pigments production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. In that year, organic pigments production attained its peak level and is likely to continue its growth in the immediate term.

Organic Pigments Exports

Exports from Iceland

In 2018, approx. X tons of synthetic organic coloring matter and pigments were exported from Iceland; shrinking by -X% against the previous year. Overall, organic pigments exports continue to indicate a drastic decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. In that year, organic pigments exports reached their peak of X tons. From 2011 to 2018, the growth of organic pigments exports failed to regain its momentum.

In value terms, organic pigments exports amounted to $X in 2018. In general, organic pigments exports continue to indicate a drastic setback. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, organic pigments exports reached their maximum at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

India (X tons) and China (X tons) represented roughly X% of total exports of synthetic organic coloring matter and pigments in 2018. Germany (X tons) ranks next in terms of the total exports with a X% share, followed by Spain (X%). South Korea (X tons), the U.S. (X tons), Italy (X tons), Singapore (X tons), Taiwan, Chinese (X tons), Belgium (X tons), the Netherlands (X tons) and Japan (X tons) took a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the largest organic pigments markets from Iceland were China ($X), India ($X) and Germany ($X), with a combined X% share of total exports.

In terms of the main exporting countries, India experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the organic pigments export price in Iceland amounted to $X per ton, picking up by X% against the previous year. In general, the organic pigments export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, the export prices for synthetic organic coloring matter and pigments attained their maximum in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced more modest paces of growth.

Organic Pigments Imports

Imports into Iceland

In 2018, approx. X tons of synthetic organic coloring matter and pigments were imported into Iceland; declining by -X% against the previous year. Overall, organic pigments imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. In that year, organic pigments imports reached their peak of X tons, and then declined slightly in the following year.

In value terms, organic pigments imports amounted to $X in 2018. Overall, organic pigments imports continue to indicate a moderate descent. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. In that year, organic pigments imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, Germany (X tons), the U.S. (X tons), Turkey (X tons), Bangladesh (X tons), South Korea (X tons), Indonesia (X tons), Italy (X tons), Belgium (X tons), India (X tons), Vietnam (X tons), China (X tons) and Pakistan (X tons) represented the main importers of synthetic organic coloring matter and pigments in the world, constituting X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Bangladesh, while the other leaders experienced more modest paces of growth.

In value terms, the largest organic pigments importing markets into Iceland were Germany ($X), the U.S. ($X) and South Korea ($X), together accounting for X% of total imports. China, Turkey, Italy, Indonesia, India, Belgium, Bangladesh, Pakistan, Vietnam and Iceland lagged somewhat behind, together comprising a further X experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The organic pigments import price in Iceland stood at $X per ton in 2018, coming down by -X% against the previous year. Over the period under review, the organic pigments import price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Iceland import price peaked at $X per ton in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was South Korea ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform