Argentina: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Argentina

The Argentinian acid and mordant dye market soared to $X in 2021, with an increase of 23% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Acid And Mordant Dyes And Preparations Based Thereon in Argentina

In value terms, acid and mordant dye production reduced notably to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt slump. The growth pace was the most rapid in 2020 when the production volume increased by 69%. Acid and mordant dye production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Argentina

In 2021, the amount of acid and mordant dyes and preparations based thereon exported from Argentina declined dramatically to X tons, with a decrease of -69.2% against the previous year's figure. Over the period under review, exports showed a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 158% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, acid and mordant dye exports shrank remarkably to $X in 2021. Overall, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by 160% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for acid and mordant dye exports from Argentina, with a 58% share of total exports. Moreover, acid and mordant dye exports to Hong Kong SAR exceeded the volume sent to the second major destination, China (X tons), fivefold. Venezuela (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR stood at -29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-35.3% per year) and Venezuela (-23.9% per year).

In value terms, the largest markets for acid and mordant dye exported from Argentina were Hong Kong SAR ($X), China ($X) and France ($X), with a combined 82% share of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of -28.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average acid and mordant dye export price stood at $X per ton in 2021, growing by 3.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, among the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Argentina

After two years of decline, purchases abroad of acid and mordant dyes and preparations based thereon increased by 85% to X tons in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, acid and mordant dye imports soared to $X in 2021. Over the period under review, imports saw a moderate expansion. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest acid and mordant dye supplier to Argentina, with a 74% share of total imports. Moreover, acid and mordant dye imports from India exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. The third position in this ranking was taken by China (X tons), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+1.5% per year) and China (-1.7% per year).

In value terms, India ($X) constituted the largest supplier of acid and mordant dyes and preparations based thereon to Argentina, comprising 66% of total imports. The second position in the ranking was held by Spain ($X), with a 17% share of total imports. It was followed by China, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.8% per year) and China (-1.0% per year).

Import Prices by Country

In 2021, the average acid and mordant dye import price amounted to $X per ton, reducing by -4.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2014 when the average import price increased by 41% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: among the top importers, the country with the highest price was Spain ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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