Asia-Pacific: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Asia-Pacific

The Asia-Pacific acid and mordant dye market expanded rapidly to $X in 2021, with an increase of 8.2% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Acid And Mordant Dyes And Preparations Based Thereon in Asia-Pacific

In value terms, acid and mordant dye production expanded notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in shipments abroad of acid and mordant dyes and preparations based thereon, when their volume increased by 26% to X tons. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, acid and mordant dye exports soared to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

India was the key exporter of acid and mordant dyes and preparations based thereon in Asia-Pacific, with the volume of exports finishing at X tons, which was near 65% of total exports in 2021. China (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (8.5%) and Taiwan (Chinese) (4.7%). The following exporters - Singapore (X tons) and South Korea (X tons) - together made up 4.6% of total exports.

Exports from India increased at an average annual rate of +2.3% from 2012 to 2021. At the same time, Thailand (+3.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +3.4% from 2012-2021. By contrast, South Korea (-2.1%), Taiwan (Chinese) (-2.1%), China (-6.1%) and Singapore (-7.1%) illustrated a downward trend over the same period. India (+13 p.p.) and Thailand (+2.3 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and China saw its share reduced by -2.5% and -10.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest acid and mordant dye supplier in Asia-Pacific, comprising 49% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports. It was followed by Thailand, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value in India totaled +5.9%. In the other countries, the average annual rates were as follows: China (-0.2% per year) and Thailand (+2.2% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, leveling off at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2014 an increase of 34% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 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 ($X per ton), while India ($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) (+6.5%), while the other leaders experienced more modest paces of growth.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports in Asia-Pacific

In 2021, overseas purchases of acid and mordant dyes and preparations based thereon were finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate a mild expansion. 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 surged to $X in 2021. The total import value increased at an average annual rate of +2.7% 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 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China was the largest importing country with an import of about X tons, which recorded 33% of total imports. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a 9.8% share, followed by Singapore (9%), South Korea (8.6%), Vietnam (7.3%), Thailand (6.2%), Indonesia (6%) and Bangladesh (5.4%).

Imports into China increased at an average annual rate of +3.9% from 2012 to 2021. At the same time, Indonesia (+10.6%), Singapore (+5.1%), Bangladesh (+3.6%) and Vietnam (+1.8%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +10.6% from 2012-2021. Thailand and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, South Korea (-2.9%) illustrated a downward trend over the same period. While the share of China (+7.3 p.p.), Indonesia (+3.3 p.p.) and Singapore (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Taiwan (Chinese) (-1.8 p.p.) and South Korea (-3.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported acid and mordant dyes and preparations based thereon in Asia-Pacific, comprising 32% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.5% share of total imports. It was followed by Singapore, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +3.4%. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.7% per year) and Singapore (+4.6% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 1.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2014 an increase of 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Vietnam ($X per ton) and Thailand ($X per ton), while Bangladesh ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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