EU: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in the EU

The EU iron oxide pigment market skyrocketed to $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Iron Oxide Pigment Production in the EU

In value terms, iron oxide pigment production shrank to $X in 2023 estimated in export price. In general, production continues to indicate a pronounced increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Iron Oxide Pigment Exports

Exports in the EU

After two years of growth, overseas shipments of iron oxide pigments decreased by X% to X tons in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, iron oxide pigment exports shrank markedly to $X in 2023. Overall, exports, however, posted modest growth. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

In 2023, Sweden (X tons), Finland (X tons), Spain (X tons), Belgium (X tons), Austria (X tons), Italy (X tons) and France (X tons) represented the main exporter of iron oxide pigments in the European Union, making up X% of total export.

From 2012 to 2023, the biggest increases were recorded for Finland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest iron oxide pigment supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Italy totaled X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Spain (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped sharply in the following year.

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

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

Iron Oxide Pigment Imports

Imports in the EU

In 2023, overseas purchases of iron oxide pigments decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then fell notably in the following year.

In value terms, iron oxide pigment imports declined markedly 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 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then shrank significantly in the following year.

Imports by Country

In 2023, Spain (X tons), distantly followed by the Netherlands (X tons), Germany (X tons), Italy (X tons), Poland (X tons), France (X tons), Belgium (X tons) and Sweden (X tons) represented the largest importers of iron oxide pigments, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron oxide pigment importing markets in the European Union were the Netherlands ($X), France ($X) and Germany ($X), with a combined X% share of total imports. Spain, Italy, Belgium, Poland and Sweden lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Sweden, 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

In 2023, the import price in the European Union amounted to $X per ton, dropping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then contracted in the following year.

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

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

Source: IndexBox Platform