The 2023 data indicates China leads the global export of synthetic organic coloring matter with a dominant share, followed closely by India. Both countries experienced positive growth rates, reflecting their strengthening presence in the industry. Germany, although significant, faced a decline alongside countries like Switzerland and the United Kingdom. Emerging exporters such as Thailand and Romania demonstrated significant year-on-year increases, suggesting shifting dynamics within the sector. Notably, countries like Albania and Madagascar experienced remarkable growth percentages. While the United States and South Korea also showed progress, European countries generally exhibited mixed performance.
Future trends to monitor include India's continuing rise, potentially challenging China's dominance, alongside the Southeast Asian countries like Thailand and Indonesia which are likely to increase their market shares. Additionally, watch for potential recovery in European countries currently facing declines and observe geopolitical factors that may impact export dynamics globally.
Top countries in Export of Synthetic Organic Colouring Matter Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 23.43 | 2023 | +2.06% | +1.87% | View data |
| 2 | 2 India | 20.82 | 2023 | +3.37% | +2.9% | View data |
| 3 | 3 Germany | 9.61 | 2023 | -1.78% | -2.02% | View data |
| 4 | 4 United States | 6.33 | 2023 | +1.37% | +1.8% | View data |
| 5 | 5 South Korea | 4.89 | 2023 | +2.94% | +2.1% | View data |
| 6 | 6 Belgium | 3.81 | 2023 | +0.93% | +0.53% | View data |
| 7 | 7 Singapore | 3.6 | 2023 | +3.1% | +2.75% | View data |
| 8 | 8 Japan | 3.34 | 2023 | -0.023% | -1.53% | View data |
| 9 | 9 Spain | 3.08 | 2023 | +2.53% | +2.39% | View data |
| 10 | 10 France | 2.23 | 2023 | -1.03% | -1.34% | View data |
