ASEAN: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2024

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in ASEAN

The ASEAN pigments, opacifiers and colours market expanded modestly to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in ASEAN

In value terms, pigments, opacifiers and colours production rose to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value 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 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports in ASEAN

In 2022, approx. X tons of pigments, opacifiers and colours for ceramics, enamelling or glass were exported in ASEAN; surging by X% against 2021 figures. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, pigments, opacifiers and colours exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Indonesia (X tons) and Malaysia (X tons) prevails in exports structure, together committing X% of total exports. It was distantly followed by Thailand (X tons), making up a X% share of total exports. Vietnam (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pigments, opacifiers and colours supplying countries in ASEAN were Indonesia ($X), Malaysia ($X) and Vietnam ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of X%, recorded the highest growth rate of 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

The export price in ASEAN stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, recorded a pronounced setback. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports in ASEAN

In 2022, approx. X tons of pigments, opacifiers and colours for ceramics, enamelling or glass were imported in ASEAN; waning by X% compared with 2021. Over the period under review, imports continue to indicate a mild decrease. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, pigments, opacifiers and colours imports reduced modestly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) represented the main importer of pigments, opacifiers and colours for ceramics, enamelling or glass, constituting X% of total imports. Vietnam (X tons) took the second position in the ranking, distantly followed by Thailand (X tons) and Malaysia (X tons). All these countries together held near X% share of total imports. The following importers - Singapore (X tons) and the Philippines (X tons) - each recorded a X% share of total imports.

Indonesia experienced a relatively flat trend pattern with regard to volume of imports of pigments, opacifiers and colours for ceramics, enamelling or glass. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%), Singapore (X%), the Philippines (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Indonesia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pigments, opacifiers and colours importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Thailand ($X), together comprising X% of total imports. Singapore, Malaysia and the Philippines lagged somewhat behind, together comprising a further X%.

Singapore, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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