Spain: Organic Pigments Market 2024

Organic Pigments Market Size in Spain

The Spanish organic pigments market surged to $X in 2023, growing by X% against the previous year. In general, the total consumption indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Organic pigments consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Organic Pigments Production in Spain

In value terms, organic pigments production surged to $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Organic Pigments Exports

Exports from Spain

In 2023, organic pigments exports from Spain shrank dramatically to X tons, with a decrease of X% on the previous year. Overall, exports showed a mild decrease. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, organic pigments exports shrank to $X in 2023. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Italy (X tons) and France (X tons) were the main destinations of organic pigments exports from Spain, with a combined X% share of total exports. Turkey, Portugal, Bangladesh, the UK, Finland, Egypt, Austria, Mexico and Morocco lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the average organic pigments export price amounted to $X per ton, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2023 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Spain

Organic pigments imports into Spain fell slightly to X tons in 2023, almost unchanged from 2022 figures. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, organic pigments imports declined to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Germany (X tons) were the main suppliers of organic pigments imports to Spain, with a combined X% share of total imports. The United States, Belgium, the Netherlands, France, Italy and Portugal lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest organic pigments suppliers to Spain were Germany ($X), India ($X) and China ($X), with a combined X% share of total imports. Belgium, the Netherlands, Italy, France, the United States and Portugal lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Portugal, with a CAGR of X%, recorded 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 2023, shrinking by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform