Bangladesh: Disperse Dye Market 2024

Disperse Dye Market Size in Bangladesh

The Bangladeshi disperse dye market rose sharply to $X in 2021, growing by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a prominent increase. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in years to come.

Disperse Dye Exports

Exports from Bangladesh

Disperse dye exports from Bangladesh skyrocketed to X tons in 2021, picking up by 31% on 2020 figures. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 552% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, disperse dye exports soared to $X in 2021. In general, exports saw a significant increase. The growth pace was the most rapid in 2015 when exports increased by 476% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Vietnam (X tons) was the main destination for disperse dye exports from Bangladesh, accounting for a 35% share of total exports. It was followed by Thailand (X kg), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-12.5% per year) and South Korea (-18.8% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for disperse dyes and preparations based thereon exports from Bangladesh, comprising 50% of total exports. The second position in the ranking was taken by Thailand ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-19.1% per year) and South Korea (-13.5% per year).

Export Prices by Country

The average disperse dye export price stood at $X per ton in 2021, rising by 313% against the previous year. In general, the export price continues to indicate a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Thailand ($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 South Korea (+7.3%).

Disperse Dye Imports

Imports into Bangladesh

In 2021, the amount of disperse dyes and preparations based thereon imported into Bangladesh rose notably to X tons, with an increase of 7.7% compared with the year before. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +21.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 39%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, disperse dye imports reached $X in 2021. Overall, imports saw resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 72% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest disperse dye supplier to Bangladesh, accounting for a 40% share of total imports. Moreover, disperse dye imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. India (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+5.0% per year) and India (+24.8% per year).

In value terms, China ($X), Singapore ($X) and Taiwan (Chinese) ($X) constituted the largest disperse dye suppliers to Bangladesh, together accounting for 54% of total imports. These countries were followed by South Korea, India and Thailand, which together accounted for a further 15%.

India, with a CAGR of +18.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average disperse dye import price amounted to $X per ton, surging by 4.5% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.5% 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 -12.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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