Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Belgium - 2023

Contents:

1. Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Belgium (FOB) - 2023
2. Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Belgium (CIF) - 2022
3. Exports of Colouring Matter; Ultramarine and Preparations Based Thereon in Belgium
4. Imports of Colouring Matter; Ultramarine and Preparations Based Thereon in Belgium

Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Belgium (FOB) - 2023

The average export price for colouring matter; ultramarine and preparations based therea stood at $5,025 per ton in September 2023, picking up by 25% against the previous month. Overall, the export price enjoyed a moderate increase. The growth pace was the most rapid in April 2023 when the average export price increased by 114% against the previous month. As a result, the export price reached the peak level of $8,937 per ton. From May 2023 to September 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the UK ($34,251 per ton), while the average price for exports to Saudi Arabia ($5,304 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Belgium (CIF) - 2022

In 2022, the average import price for colouring matter; ultramarine and preparations based therea amounted to $2,667 per ton, growing by 7.9% against the previous year. Over the period under review, the import price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $4,478 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($12,225 per ton), while the price for India ($1,439 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Colouring Matter; Ultramarine and Preparations Based Thereon in Belgium

In 2022, the amount of colouring matter; ultramarine and preparations based therea exported from Belgium surged to 891 tons, rising by 22% compared with the previous year. The total export volume increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of colouring matter; ultramarine and preparations based therea surged to $4.1M in 2022. Overall, exports, however, continue to indicate a deep contraction.

Top Export Markets for Colouring Matter; Ultramarine and Preparations Based Thereon from Belgium in 2022:

1. France (552.5 tons)
2. Italy (56.3 tons)
3. Poland (52.0 tons)
4. Germany (46.8 tons)
5. Hungary (36.0 tons)
6. United Kingdom (31.7 tons)
7. Sweden (15.9 tons)
8. Algeria (15.4 tons)
9. Netherlands (12.2 tons)
10. Spain (7.7 tons)
11. South Korea (3.2 tons)
12. Switzerland (0.3 tons)
13. United States (0.1 tons)

Imports of Colouring Matter; Ultramarine and Preparations Based Thereon in Belgium

For the fourth consecutive year, Belgium recorded growth in overseas purchases of colouring matter; ultramarine and preparations based therea, which increased by 16% to 1.4K tons in 2022. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 62%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of colouring matter; ultramarine and preparations based therea soared to $3.6M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 28% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Colouring Matter; Ultramarine and Preparations Based Thereon to Belgium in 2022:

1. India (558.7 tons)
2. Spain (475.9 tons)
3. United Kingdom (158.2 tons)
4. France (69.0 tons)
5. Italy (62.9 tons)

Source: IndexBox Market Intelligence Platform