In 2023, Egypt dominated the global export market for earth colours containing 70% or more of iron as ferrous oxide with exports valued at $12.688 million. It saw a significant growth rate of 12.2% year-on-year. Notable increases were also observed in Russia (8.96%), France (4.47%), and Ukraine (4.93%). On the contrary, China and the United Kingdom experienced significant declines of 15.81% and 20.15% respectively. Over the past five years, Egypt's CAGR has been exemplary compared to other countries, signaling its growing foothold in this sector.
Looking forward, the global market for earth colours may experience continued shifts influenced by geopolitical developments, trade policies, and technological advancements. Observing the growth trajectory of the key exporters such as Egypt and Russia, along with the decreasing trends in traditional players like China, can offer insights into future competitive dynamics and potential market restructuring.
Top countries in Export of Earth Colours Containing 70% or More of Iron as Ferrous Oxide by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Egypt | 12,688,000 | 2023 | +5.79% | +12.2% | View data |
| 2 | 2 Italy | 391,830 | 2023 | -1.33% | -1.06% | View data |
| 3 | 3 France | 362,160 | 2023 | +3.3% | +4.47% | View data |
| 4 | 4 China | 302,870 | 2023 | -24.17% | -15.81% | View data |
| 5 | 5 Russia | 230,860 | 2023 | -7.88% | +8.96% | View data |
| 6 | 6 Netherlands | 218,280 | 2023 | +2.26% | -0.28% | View data |
| 7 | 7 Spain | 198,020 | 2023 | -5.88% | -11.58% | View data |
| 8 | 8 South Africa | 192,880 | 2023 | -1.05% | +2.16% | View data |
| 9 | 9 Malaysia | 130,650 | 2023 | +1.01% | -3.51% | View data |
| 10 | 10 Singapore | 113,130 | 2023 | +5.96% | +0.13% | View data |
