U.S.: Market for Synthetic Dyes And Pigments 2024

Market Size for Synthetic Dyes And Pigments in the U.S.

The U.S. synthetic dye and pigment market dropped to $X in 2023, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Synthetic dye and pigment consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Production of Synthetic Dyes And Pigments in the U.S.

In value terms, synthetic dye and pigment production rose to $X in 2023. In general, production, however, recorded a pronounced reduction. Synthetic dye and pigment production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

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Exports of Synthetic Dyes And Pigments

Exports from the U.S.

In 2023, synthetic dye and pigment exports from the United States fell sharply to X tons, waning by X% compared with the previous year. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, synthetic dye and pigment exports shrank markedly to $X in 2023. Overall, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and Belgium (X tons) were the main destinations of synthetic dye and pigment exports from the United States, together comprising X% of total exports. India, China, Thailand, Japan, Brazil, Argentina, Spain, Taiwan (Chinese), Singapore and South Korea lagged somewhat behind, together accounting for a further X%.

From 2013 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, the largest markets for synthetic dye and pigment exported from the United States were Mexico ($X), Canada ($X) and Belgium ($X), with a combined X% share of total exports. South Korea, China, India, Thailand, Brazil, Japan, Argentina, Taiwan (Chinese), Singapore and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 synthetic dye and pigment export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, export price indicated moderate growth from 2013 to 2023: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, synthetic dye and pigment export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. The export price peaked in 2023 and is expected to retain growth in the near future.

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

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Dyes And Pigments

Imports into the U.S.

In 2023, after two years of growth, there was significant decline in purchases abroad of synthetic dyes and pigments, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, synthetic dye and pigment imports fell remarkably to $X in 2023. In general, imports saw a mild shrinkage. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

Mexico (X tons), Canada (X tons) and China (X tons) were the main suppliers of synthetic dye and pigment imports to the United States, together comprising X% of total imports. Germany, India, Turkey, Spain, Brazil, Italy and Japan lagged somewhat behind, together accounting for a further X%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic dye and pigment suppliers to the United States were Canada ($X), China ($X) and Germany ($X), with a combined X% share of total imports. Mexico, India, Japan, Spain, Italy, Brazil and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of 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 synthetic dye and pigment import price stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price saw a perceptible curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

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

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform