Vietnam: Organic Pigments Market 2024

Organic Pigments Market Size in Vietnam

The Vietnamese organic pigments market declined to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a strong increase. Organic pigments consumption peaked at $X in 2021, and then reduced in the following year.

Organic Pigments Exports

Exports from Vietnam

After three years of growth, shipments abroad of synthetic organic coloring matter and pigments decreased by X% to X tons in 2022. Over the period under review, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, organic pigments exports declined to $X in 2022. Overall, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for organic pigments exports from Vietnam, with a X% share of total exports. It was followed by Indonesia (X kg), with less than X% share of total exports.

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

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for synthetic organic coloring matter and pigments exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The average organic pigments export price stood at $X per ton in 2021, falling by X% against the previous year. Overall, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2020, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United Arab Emirates ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Organic Pigments Imports

Imports into Vietnam

Organic pigments imports into Vietnam fell to X tons in 2022, with a decrease of X% against the previous year. 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 most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, organic pigments imports contracted to $X in 2022. Overall, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest organic pigments supplier to Vietnam, accounting for a X% share of total imports. Moreover, organic pigments imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was taken by India (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of synthetic organic coloring matter and pigments to Vietnam, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average organic pigments import price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, organic pigments import price increased by X% against 2013 indices. The growth pace was the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then dropped modestly in the following year.

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

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

Source: IndexBox Platform

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