ASEAN: Market for Acid And Mordant Dyes And Preparations Based Thereon 2025

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

The ASEAN acid and mordant dye market skyrocketed to $X in 2021, jumping by 31% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

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

In value terms, acid and mordant dye production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 34%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports in ASEAN

In 2021, shipments abroad of acid and mordant dyes and preparations based thereon was finally on the rise to reach X tons after three years of decline. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 14% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, acid and mordant dye exports expanded markedly to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 31%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand was the main exporting country with an export of about X tons, which resulted at 65% of total exports. Singapore (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons) and Indonesia (X tons). All these countries together held near 34% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to acid and mordant dye exports from Thailand stood at +3.4%. At the same time, Malaysia (+24.0%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +24.0% from 2012-2021. By contrast, Indonesia (-3.5%) and Singapore (-7.1%) illustrated a downward trend over the same period. While the share of Thailand (+16 p.p.) and Malaysia (+5.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-2.5 p.p.) and Singapore (-20.3 p.p.) displayed negative dynamics.

In value terms, the largest acid and mordant dye supplying countries in ASEAN were Thailand ($X), Singapore ($X) and Indonesia ($X), with a combined 97% share of total exports. Malaysia lagged somewhat behind, comprising a further 2.1%.

Among the main exporting countries, Malaysia, with a CAGR of +22.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, with a decrease of -2.1% against the previous year. Over the period under review, the export price saw a mild curtailment. The growth pace was the most rapid in 2014 an increase of 18%. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, among the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports in ASEAN

In 2021, overseas purchases of acid and mordant dyes and preparations based thereon increased by 42% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, acid and mordant dye imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Singapore (X tons), Vietnam (X tons), Thailand (X tons) and Indonesia (X tons) represented roughly 88% of total imports in 2021. It was distantly followed by Malaysia (X tons), creating a 7.6% share of total imports. The Philippines (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Indonesia (with a CAGR of +10.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Vietnam ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 73% of total imports. Indonesia, Malaysia and the Philippines lagged somewhat behind, together accounting for a further 27%.

In terms of the main importing countries, Indonesia, with a CAGR of +13.9%, recorded the highest rates of growth with regard to 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 2021, the import price in ASEAN amounted to $X per ton, reducing by -1.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2014 an increase of 16%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, among the top importers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform