Saudi Arabia: Organic Pigments Market 2024

Organic Pigments Market Size in Saudi Arabia

The Saudi organic pigments market rose rapidly to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Organic pigments consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Organic Pigments Production in Saudi Arabia

In value terms, organic pigments production expanded rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Organic Pigments Exports

Exports from Saudi Arabia

After four years of decline, overseas shipments of synthetic organic coloring matter and pigments increased by X% to X tons in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, organic pigments exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Kuwait (X tons) was the main destination for organic pigments exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, organic pigments exports to Kuwait exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. Egypt (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kuwait amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Egypt (X% per year).

In value terms, the largest markets for organic pigments exported from Saudi Arabia were the United Arab Emirates ($X), Kuwait ($X) and Egypt ($X), with a combined X% share of total exports. Jordan, Lebanon, Algeria and Iraq lagged somewhat behind, together comprising a further X%.

Iraq, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average organic pigments export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Kuwait ($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 Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Saudi Arabia

Organic pigments imports into Saudi Arabia contracted to X tons in 2022, remaining relatively unchanged against the previous year. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, organic pigments imports fell to $X in 2022. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest organic pigments supplier to Saudi Arabia, with a X% share of total imports. Moreover, organic pigments imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and France (X% per year).

In value terms, India ($X), the UK ($X) and China ($X) constituted the largest organic pigments suppliers to Saudi Arabia, with a combined X% share of total imports. France, Germany, the United States, Kuwait, the Netherlands, Italy, the United Arab Emirates, Taiwan (Chinese) and Spain lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Kuwait, 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 average organic pigments import price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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