Latin America and the Caribbean: Organic Pigments Market 2024

Organic Pigments Market Size in Latin America and the Caribbean

The Latin American organic pigments market contracted to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Organic Pigments Production in Latin America and the Caribbean

In value terms, organic pigments production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Organic Pigments Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of synthetic organic coloring matter and pigments increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, organic pigments exports reduced to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Mexico was the major exporter of synthetic organic coloring matter and pigments in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. Brazil (X tons) ranks second in terms of the total exports with an X% share, followed by Peru (X%). Colombia (X tons), Uruguay (X tons), Honduras (X tons) and Guatemala (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the synthetic organic coloring matter and pigments exports, with a CAGR of X% from 2012 to 2022. At the same time, Guatemala (X%) displayed positive paces of growth. Colombia and Brazil experienced a relatively flat trend pattern. By contrast, Uruguay (X%), Honduras (X%) and Peru (X%) illustrated a downward trend over the same period. Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while Honduras, Brazil and Peru saw its share reduced by 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, the largest organic pigments supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Peru ($X), with a combined X% share of total exports. Colombia, Uruguay, Guatemala and Honduras lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

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

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

Organic Pigments Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of synthetic organic coloring matter and pigments were imported in Latin America and the Caribbean; reducing by X% compared with 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, organic pigments imports reduced to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Brazil (X tons) and Mexico (X tons) represented roughly X% of total imports in 2022. Argentina (X tons) ranks next in terms of the total imports with a X% share, followed by Colombia (X%), Peru (X%) and Guatemala (X%). Chile (X tons) followed a long way behind the leaders.

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

In value terms, the largest organic pigments importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), with a combined X% share of total imports. Colombia, Chile, Peru and Guatemala lagged somewhat behind, together accounting for a further X%.

Guatemala, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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 Chile ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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