In 2023, Germany led European sold production of dyes and pigments with €3.8 billion, significantly ahead of Spain (€0.88 billion) and Italy (€0.88 billion). Notable growth was seen in Denmark and Belgium, which grew by 6.99% and 3.09% respectively, while Italy and Finland experienced significant declines of 6.19% and 7.7%. The most significant drop was in Hungary at -29.31%. Over five years, Compound Annual Growth Rates varied, but Germany maintains predominance in the sector.
Future trends suggest potential growth areas in eco-friendly dyes due to sustainability trends and potential expansion in Eastern Europe due to competitive production costs. Ongoing geopolitical factors and supply chain challenges could impact the production landscape.
Top countries in Sold Production of Dyes and Pigments by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,808,400,000 | 2023 | +3.52% | -0.95% | View data |
| 2 | 2 Spain | 882,710,000 | 2023 | +3.35% | +0.24% | View data |
| 3 | 3 Italy | 879,040,000 | 2023 | -3.03% | -6.19% | View data |
| 4 | 4 France | 476,550,000 | 2023 | -0.44% | +1.76% | View data |
| 5 | 5 United Kingdom | 471,490,000 | 2023 | -2.22% | -4.72% | View data |
| 6 | 6 Belgium | 356,520,000 | 2023 | -0.97% | +3.09% | View data |
| 7 | 7 Denmark | 334,030,000 | 2023 | +4.19% | +6.99% | View data |
| 8 | 8 Finland | 269,180,000 | 2023 | -3.31% | -7.7% | View data |
| 9 | 9 Poland | 120,790,000 | 2023 | +3.7% | +3.76% | View data |
| 10 | 10 Netherlands | 99,208,000 | 2023 | -6.1% | -1.02% | View data |
