Ukraine: Organic Pigments Market 2024

Organic Pigments Market Size in Ukraine

The Ukrainian organic pigments market rose modestly to $X in 2022, surging by X% against the previous year. In general, the total consumption indicated pronounced growth 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 increased by X% against 2017 indices. Organic pigments consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Organic Pigments Production in Ukraine

In value terms, organic pigments production totaled $X in 2022 estimated in export price. Overall, the total production indicated mild growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

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Organic Pigments Exports

Exports from Ukraine

In 2022, approx. X tons of synthetic organic coloring matter and pigments were exported from Ukraine; dropping by X% compared with the previous year. In general, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, organic pigments exports contracted sharply to $X in 2022. Overall, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Belarus (X tons) was the main destination for organic pigments exports from Ukraine, accounting for a X% share of total exports. Moreover, organic pigments exports to Belarus exceeded the volume sent to the second major destination, Russia (X tons), twofold. Moldova (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 Belarus amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Moldova (X% per year).

In value terms, the largest markets for organic pigments exported from Ukraine were Russia ($X), Belarus ($X) and Poland ($X), with a combined X% share of total exports. Germany, Moldova and Egypt lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2021, the average organic pigments export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

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

Organic Pigments Imports

Imports into Ukraine

In 2022, approx. X tons of synthetic organic coloring matter and pigments were imported into Ukraine; picking up by X% against the year before. The total import volume 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 in certain years. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, organic pigments imports dropped to $X in 2022. In general, imports saw modest growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

India (X tons), China (X tons) and Italy (X tons) were the main suppliers of organic pigments imports to Ukraine, together accounting for X% of total imports. Russia, Poland, Germany, Turkey, Greece, the UK, Denmark, Spain, Mexico and Israel lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), India ($X) and Italy ($X) were the largest organic pigments suppliers to Ukraine, with a combined X% share of total imports. Germany, Russia, Poland, Denmark, Mexico, the UK, Turkey, Spain, Greece and Israel lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Greece, 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

In 2021, the average organic pigments import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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