Romania: Organic Pigments Market 2024

Organic Pigments Market Size in Romania

The Romanian organic pigments market soared to $X in 2022, rising by X% against the previous year. In general, consumption, however, saw a slight curtailment. Organic pigments consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Organic Pigments Production in Romania

In value terms, organic pigments production amounted to $X in 2022 estimated in export price. Overall, production, however, faced a deep slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Organic Pigments Exports

Exports from Romania

In 2022, overseas shipments of synthetic organic coloring matter and pigments decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, organic pigments exports rose rapidly to $X in 2022. In general, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Turkey (X tons), Hungary (X tons) and Belarus (X tons) were the main destinations of organic pigments exports from Romania, together accounting for X% of total exports. Slovenia, France, Ukraine, Russia, Estonia, Greece, Bulgaria, Lithuania, Serbia and Finland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for synthetic organic coloring matter and pigments exports from Romania, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and France (X% per year).

Export Prices by Country

The average organic pigments export price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Organic Pigments Imports

Imports into Romania

In 2022, purchases abroad of synthetic organic coloring matter and pigments increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, organic pigments imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Greece (X tons), Italy (X tons) and Slovakia (X tons) were the main suppliers of organic pigments imports to Romania, together comprising X% of total imports. France, Germany, Spain, Hungary, the Netherlands, Poland, Belgium, India, Turkey and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest organic pigments suppliers to Romania were Italy ($X), Germany ($X) and Greece ($X), with a combined X% share of total imports. France, the Netherlands, Spain, Belgium, Slovakia, Poland, Hungary, India, Austria and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Poland, with a CAGR of X%, saw the highest rates of growth with regard to 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 average organic pigments import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the import price enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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