U.S.: Organic Pigments Market 2024

Organic Pigments Market Size in the U.S.

In 2023, the U.S. organic pigments market decreased by X% to $X for the first time since 2018, thus ending a four-year rising trend. In general, consumption, however, showed a strong expansion. Organic pigments consumption peaked at $X in 2022, and then contracted modestly in the following year.

Organic Pigments Production in the U.S.

In value terms, organic pigments production totaled $X in 2023. Over the period under review, production saw a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Organic pigments production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Organic Pigments Exports

Exports from the U.S.

Organic pigments exports from the United States dropped notably to X tons in 2023, waning by X% on the year before. Overall, exports saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, organic pigments exports declined to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2022, and then dropped in the following year.

Exports by Country

Canada (X tons), Mexico (X tons) and Spain (X tons) were the main destinations of organic pigments exports from the United States, with a combined X% share of total exports.

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

In value terms, Canada ($X), Mexico ($X) and Belgium ($X) constituted the largest markets for organic pigments exported from the United States worldwide, with a combined X% share of total exports. Germany, Thailand, China, the Netherlands, Brazil, Japan, the UK, Spain and Colombia lagged somewhat behind, together comprising a further X%.

Thailand, 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 more modest paces of growth.

Export Prices by Country

In 2023, the average organic pigments export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2023: its price 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, organic pigments export price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2023 and is expected to retain growth in years to come.

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

Organic Pigments Imports

Imports into the U.S.

After two years of growth, purchases abroad of synthetic organic coloring matter and pigments decreased by X% to X tons in 2023. Overall, imports saw a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, organic pigments imports contracted significantly to $X in 2023. In general, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Germany (X tons) were the main suppliers of organic pigments imports to the United States, with a combined X% share of total imports. Mexico, Taiwan (Chinese), Switzerland and South Korea 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 Switzerland (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, India ($X), Germany ($X) and China ($X) were the largest organic pigments suppliers to the United States, together comprising X% of total imports. Mexico, Switzerland, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average organic pigments import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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

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

Source: IndexBox Platform