Asia-Pacific: Basic Dye Market 2024

Basic Dye Market Size in Asia-Pacific

The Asia-Pacific basic dye market amounted to $X in 2021, approximately mirroring the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Basic Dye Production in Asia-Pacific

In value terms, basic dye production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 5.9% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Basic Dye Exports

Exports in Asia-Pacific

After four years of decline, shipments abroad of basic dyes and preparations based thereon increased by 11% to X tons in 2021. In general, exports saw a relatively flat trend pattern. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, basic dye exports amounted to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 15% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

India was the main exporting country with an export of around X tons, which finished at 55% of total exports. It was distantly followed by China (X tons), generating a 33% share of total exports. Taiwan (Chinese) (X tons), Japan (X tons) and Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of +32.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X), India ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 89% of total exports. Japan and Malaysia lagged somewhat behind, together accounting for a further 6%.

Malaysia, with a CAGR of +32.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, waning by -2.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat 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 Japan ($X per ton), while Malaysia ($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) (+11.8%), while the other leaders experienced more modest paces of growth.

Basic Dye Imports

Imports in Asia-Pacific

After two years of decline, purchases abroad of basic dyes and preparations based thereon increased by 7% to X tons in 2021. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 17%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, basic dye imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +2.8% 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 40%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, 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) was the major importer of basic dyes and preparations based thereon in Asia-Pacific, constituting 93% of total import.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +14.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 39% of total imports. Vietnam, Taiwan (Chinese), Bangladesh, South Korea, Pakistan, Thailand, Indonesia and Malaysia lagged somewhat behind, together accounting for a further 54%.

Vietnam, with a CAGR of +8.8%, saw the highest growth rate of 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-Pacific amounted to $X per ton, standing approx. at the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 an increase of 19%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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

Frequently Asked Questions (FAQ) :