Australia: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

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

In 2021, the Australian acid and mordant dye market increased by 50% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Australia

In 2021, after two years of decline, there was significant growth in overseas shipments of acid and mordant dyes and preparations based thereon, when their volume increased by 51% to X tons. In general, exports posted measured growth. The most prominent rate of growth was recorded in 2013 when exports increased by 251% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, acid and mordant dye exports surged to $X in 2021. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.4% against 2019 indices. The growth pace was the most rapid in 2013 when exports increased by 64% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons), Indonesia (X tons) and the UK (X tons) were the main destinations of acid and mordant dye exports from Australia, with a combined 77% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +127.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the key foreign market for acid and mordant dyes and preparations based thereon exports from Australia, comprising 45% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 21% share of total exports. It was followed by the UK, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia amounted to +128.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+3.4% per year) and the UK (+17.7% per year).

Export Prices by Country

In 2021, the average acid and mordant dye export price amounted to $X per ton, shrinking by -16.2% against the previous year. In general, the export price, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of 160%. As a result, the export price reached the peak level of $X per ton, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Australia

In 2021, supplies from abroad of acid and mordant dyes and preparations based thereon increased by 49% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, showed a pronounced contraction. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, acid and mordant dye imports skyrocketed to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of acid and mordant dye to Australia, accounting for a 55% share of total imports. Moreover, acid and mordant dye imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.8% per year) and Malaysia (+22.3% per year).

In value terms, India ($X), the United States ($X) and China ($X) were the largest acid and mordant dye suppliers to Australia, together comprising 75% of total imports. Taiwan (Chinese), Malaysia and Germany lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Malaysia, with a CAGR of +18.6%, 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

The average acid and mordant dye import price stood at $X per ton in 2021, picking up by 1.5% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acid and mordant dye import price decreased by -21.6% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 54% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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