MERCOSUR: Organic Pigments Market 2024

Organic Pigments Market Size in MERCOSUR

The MERCOSUR organic pigments market shrank modestly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, 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 MERCOSUR

In value terms, organic pigments production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Organic Pigments Exports

Exports in MERCOSUR

In 2022, the amount of synthetic organic coloring matter and pigments exported in MERCOSUR reduced to X tons, shrinking by X% on the previous year. Over the period under review, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, organic pigments exports stood at $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Brazil was the key exporter of synthetic organic coloring matter and pigments in MERCOSUR, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Peru (X tons) ranks second in terms of the total exports with a X% share, followed by Colombia (X%), Uruguay (X%) and Argentina (X%). Chile (X tons) and Paraguay (X tons) held a little share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of synthetic organic coloring matter and pigments. At the same time, Paraguay (X%) and Chile (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Uruguay (X%), Peru (X%) and Argentina (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Colombia (X p.p.), Paraguay (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina and Peru saw its share reduced by 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 MERCOSUR were Brazil ($X), Peru ($X) and Colombia ($X), with a combined X% share of total exports. Uruguay, Chile, Argentina and Paraguay lagged somewhat behind, together accounting for a further X%.

Paraguay, with a CAGR of X%, recorded the highest rates of growth with regard to 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 MERCOSUR amounted to $X per ton, growing by X% against the previous year. Overall, the export price posted noticeable growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Argentina ($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 MERCOSUR

In 2022, approx. X tons of synthetic organic coloring matter and pigments were imported in MERCOSUR; declining by X% on the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, organic pigments imports contracted modestly to $X in 2022. Overall, imports, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil represented the major importing country with an import of around X tons, which resulted at X% of total imports. Argentina (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%), Peru (X%) and Chile (X%). Ecuador (X tons) and Uruguay (X tons) held a minor share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of synthetic organic coloring matter and pigments. At the same time, Chile (X%), Peru (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Argentina and Colombia experienced a relatively flat trend pattern. By contrast, Uruguay (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Peru and Argentina increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported synthetic organic coloring matter and pigments in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs 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 ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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