Middle East: Organic Pigments Market 2024

Organic Pigments Market Size in the Middle East

The Middle Eastern organic pigments market rose markedly to $X in 2023, with an increase of X% against the previous year. Overall, consumption posted a buoyant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Organic Pigments Production in the Middle East

In value terms, organic pigments production stood at $X in 2023 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Organic Pigments Exports

Exports in the Middle East

In 2023, the amount of synthetic organic coloring matter and pigments exported in the Middle East contracted to X tons, with a decrease of X% against 2022 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, organic pigments exports declined to $X in 2023. Total exports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then fell in the following year.

Exports by Country

Turkey represented the largest exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by the United Arab Emirates (X tons), making up a X% share of total exports. The following exporters - Saudi Arabia (X tons) and Iran (X tons) - each recorded a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to organic pigments exports from Turkey stood at X%. At the same time, Iran (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest organic pigments supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In Turkey, organic pigments exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, standing approx. at the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Organic Pigments Imports

Imports in the Middle East

In 2023, approx. X tons of synthetic organic coloring matter and pigments were imported in the Middle East; declining by X% compared with the year before. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, organic pigments imports shrank significantly to $X in 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Turkey was the largest importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by the United Arab Emirates (X tons) and Iran (X tons), together generating a X% share of total imports. The following importers - Iraq (X tons), Oman (X tons) and Saudi Arabia (X tons) - together made up X% of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Iraq (X%), Oman (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. Iran experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. Turkey (X p.p.), the United Arab Emirates (X p.p.) and Iraq (X p.p.) significantly strengthened its position in terms of the total imports, while Iran and Saudi Arabia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported synthetic organic coloring matter and pigments in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Iran, with an X% share.

In Turkey, organic pigments imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Iran (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per ton, reducing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform