Asia: Basic Dye Market 2024

Basic Dye Market Size in Asia

In 2021, the Asian basic dye market decreased by -0.8% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Basic Dye Production in Asia

In value terms, basic dye production rose markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 6.4%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Basic Dye Exports

Exports in Asia

In 2021, shipments abroad of basic dyes and preparations based thereon increased by 15% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, basic dye exports rose rapidly to $X in 2021. The total export value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by 15%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, India (X tons) represented the major exporter of basic dyes and preparations based thereon, generating 49% of total exports. China (X tons) held the second position in the ranking, distantly followed by Turkey (X tons). All these countries together held approx. 40% share of total exports. Taiwan (Chinese) (X tons) and Japan (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +13.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest basic dye supplying countries in Asia were China ($X), India ($X) and Turkey ($X), with a combined 83% share of total exports.

Among the main exporting countries, Turkey, with a CAGR of +18.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, falling by -3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2018 when the export price increased by 16% against the previous year. Over the period under review, the export prices attained the maximum 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, amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.8%), while the other leaders experienced more modest paces of growth.

Basic Dye Imports

Imports in Asia

In 2021, approx. X tons of basic dyes and preparations based thereon were imported in Asia; surging by 9.7% against the year before. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 10% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, basic dye imports expanded modestly to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 30%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), China (X tons), Vietnam (X tons), Japan (X tons), Malaysia (X tons), Bangladesh (X tons), Pakistan (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons), South Korea (X tons) and India (X tons) represented roughly 89% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Malaysia (with a CAGR of +14.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Japan ($X) were the countries with the highest levels of imports in 2021, with a combined 38% share of total imports. These countries were followed by India, Vietnam, Taiwan (Chinese), Bangladesh, South Korea, Pakistan, Thailand, Indonesia and Malaysia, which together accounted for a further 51%.

Vietnam, with a CAGR of +8.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Asia amounted to $X per ton, declining by -5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 when the import price increased by 18%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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