Price for Dyes; Pigments and Preparations Based Thereon in Belgium - 2023
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in Belgium (FOB) - 2023
- Price for Dyes; Pigments and Preparations Based Thereon in Belgium (CIF) - 2023
- Exports of Dyes; Pigments and Preparations Based Thereon in Belgium
- Imports of Dyes; Pigments and Preparations Based Thereon in Belgium
Price for Dyes; Pigments and Preparations Based Thereon in Belgium (FOB) - 2023
In November 2023, the average export price for dyes; pigments and preparations based therea amounted to $13,623 per ton, increasing by 2.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 31% against the previous month. Over the period under review, the average export prices hit record highs at $16,138 per ton in September 2023; however, from October 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was the United States ($23,537 per ton), while the average price for exports to Turkey ($9,791 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Dyes; Pigments and Preparations Based Thereon in Belgium (CIF) - 2023
In November 2023, the average import price for dyes; pigments and preparations based therea amounted to $9,498 per ton, shrinking by -1.7% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 24% m-o-m. As a result, import price attained the peak level of $10,564 per ton. From May 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($21,683 per ton), while the price for the UK ($5,467 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Dyes; Pigments and Preparations Based Thereon in Belgium
After three years of growth, overseas shipments of dyes; pigments and preparations based therea decreased by -20.6% to 27K tons in 2022. The total export volume increased at an average annual rate of +2.3% from 2019 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 2020 when exports increased by 25%.
In value terms, exports of dyes; pigments and preparations based therea reduced sharply to $327M in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2019 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 2020 when exports increased by 22% against the previous year.
| Export of Dyes; Pigments and Preparations Based Thereon in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 41.1 | 66.3 | 72.1 | 57.9 | 12.1% |
| France | 46.9 | 54.3 | 64.1 | 52.7 | 4.0% |
| Italy | 57.7 | 56.9 | 69.6 | 51.0 | -4.0% |
| Spain | 27.8 | 27.7 | 34.2 | 30.2 | 2.8% |
| Netherlands | 12.7 | 16.5 | 19.7 | 17.2 | 10.6% |
| Luxembourg | 2.5 | 10.6 | 13.0 | 16.7 | 88.3% |
| Turkey | 3.6 | 8.6 | 13.1 | 16.6 | 66.4% |
| Poland | 8.3 | 9.3 | 10.2 | 7.6 | -2.9% |
| United States | 7.6 | 8.2 | 8.9 | 7.5 | -0.4% |
| Austria | 2.9 | 5.6 | 7.5 | 6.4 | 30.2% |
| United Kingdom | 13.1 | 13.0 | 9.3 | 5.8 | -23.8% |
| Denmark | 6.1 | 9.0 | 8.4 | 4.4 | -10.3% |
| Others | 45.2 | 50.1 | 58.6 | 53.0 | 5.4% |
| Total | 276 | 336 | 389 | 327 | 5.8% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Belgium in 2022:
- Germany (5.1K tons)
- Italy (4.9K tons)
- France (4.7K tons)
- Spain (2.8K tons)
- Luxembourg (1.8K tons)
- Netherlands (1.3K tons)
- Turkey (1.1K tons)
- United Kingdom (0.8K tons)
- Poland (0.6K tons)
- Austria (0.4K tons)
- Denmark (0.3K tons)
- United States (0.3K tons)
Imports of Dyes; Pigments and Preparations Based Thereon in Belgium
In 2022, supplies from abroad of dyes; pigments and preparations based therea decreased by -10.4% to 31K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year.
In value terms, imports of dyes; pigments and preparations based therea contracted to $275M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 18%.
| Import of Dyes; Pigments and Preparations Based Thereon in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.3 | 63.9 | 74.8 | 78.3 | 45.7% |
| Germany | 25.8 | 31.0 | 38.2 | 48.8 | 23.7% |
| India | 20.9 | 35.5 | 41.2 | 39.6 | 23.7% |
| United States | 39.7 | 36.6 | 34.9 | 27.6 | -11.4% |
| Netherlands | 15.4 | 11.5 | 13.3 | 13.1 | -5.2% |
| United Kingdom | 21.8 | 12.8 | 6.1 | 11.9 | -18.3% |
| Sweden | 7.3 | 12.2 | 12.4 | 11.2 | 15.3% |
| France | 13.0 | 14.1 | 14.7 | 7.7 | -16.0% |
| Turkey | 0.6 | 0.7 | 0.8 | 5.5 | 109.3% |
| Denmark | 49.2 | 40.1 | 39.0 | 3.6 | -58.2% |
| Others | 19.3 | 23.3 | 25.5 | 27.9 | 13.1% |
| Total | 238 | 282 | 301 | 275 | 4.9% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Belgium in 2022:
- China (7.3K tons)
- Germany (6.1K tons)
- India (4.6K tons)
- Turkey (2.4K tons)
- United States (2.1K tons)
- United Kingdom (2.1K tons)
- Sweden (1.9K tons)
- Netherlands (1.4K tons)
- France (1.0K tons)
- Denmark (0.3K tons)
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