Asia: Disperse Dye Market 2024

Disperse Dye Market Size in Asia

In 2021, the Asian disperse dye market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Disperse Dye Production in Asia

In value terms, disperse dye production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 11% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Disperse Dye Exports

Exports in Asia

In 2021, exports of disperse dyes and preparations based thereon in Asia skyrocketed to X tons, with an increase of 31% on the year before. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, disperse dye exports soared to $X in 2021. The total export value increased at an average annual rate of +4.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports by Country

China was the key exporter of disperse dyes and preparations based thereon in Asia, with the volume of exports reaching X tons, which was approx. 65% of total exports in 2021. India (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (4.7%). The following exporters - South Korea (X tons), Taiwan (Chinese) (X tons), Turkey (X tons) and Singapore (X tons) - together made up 11% of total exports.

Exports from China decreased at an average annual rate of -1.2% from 2012 to 2021. At the same time, Turkey (+18.3%), India (+15.2%), South Korea (+7.9%), Taiwan (Chinese) (+5.5%) and Singapore (+1.7%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +18.3% from 2012-2021. By contrast, Indonesia (-1.4%) illustrated a downward trend over the same period. While the share of India (+11 p.p.) and South Korea (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-13 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest disperse dye supplier in Asia, comprising 56% of total exports. The second position in the ranking was taken by India ($X), with a 13% share of total exports. It was followed by Indonesia, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +3.5%. In the other countries, the average annual rates were as follows: India (+18.5% per year) and Indonesia (+4.6% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, approximately equating the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2018 when the export price increased by 32%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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 Singapore ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+7.9%), while the other leaders experienced more modest paces of growth.

Disperse Dye Imports

Imports in Asia

In 2021, after seven years of decline, there was significant growth in overseas purchases of disperse dyes and preparations based thereon, when their volume increased by 20% to X tons. Overall, imports, however, recorded a mild reduction. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, disperse dye imports surged to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), Taiwan (Chinese) (X tons), Turkey (X tons) and South Korea (X tons) represented roughly 60% of total imports in 2021. Vietnam (X tons) held a 7.5% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (5.7%) and Pakistan (5%). China (X tons), Thailand (X tons), Japan (X tons), India (X tons) and Singapore (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +12.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Taiwan (Chinese) ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 43% of total imports. Turkey, South Korea, China, Bangladesh, Japan, Thailand, Pakistan, Singapore and India lagged somewhat behind, together comprising a further 53%.

Bangladesh, with a CAGR of +15.7%, saw the highest growth rate of the value of imports, among 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

The import price in Asia stood at $X per ton in 2021, flattening at the previous year. Import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, disperse dye import price decreased by -6.9% against 2019 indices. The pace of growth was the most pronounced in 2018 when the import price increased by 26%. Over the period under review, import prices hit record highs 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 Singapore ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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