Benelux: Basic Dye Market 2024

Basic Dye Market Size in Benelux

The Benelux basic dye market amounted to $X in 2021, with an increase of 6% against the previous year. Overall, consumption recorded a pronounced reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Basic Dye Production in Benelux

In value terms, basic dye production reduced rapidly to $X in 2021 estimated in export price. Overall, production, however, showed modest growth. The level of production peaked at $X in 2020, and then shrank notably in the following year.

Basic Dye Exports

Exports in Benelux

In 2021, overseas shipments of basic dyes and preparations based thereon decreased by -10.9% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 70% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, basic dye exports expanded sharply to $X in 2021. Overall, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 73%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands dominates exports structure, recording X tons, which was approx. 90% of total exports in 2021. It was distantly followed by Belgium (X tons), achieving a 10% share of total exports.

The Netherlands was also the fastest-growing in terms of the basic dyes and preparations based thereon exports, with a CAGR of +35.9% from 2012 to 2021. Belgium (-10.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +73 percentage points.

In value terms, the Netherlands ($X) remains the largest basic dye supplier in Benelux, comprising 87% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands totaled +30.0%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, jumping by 23% against the previous year. Export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, basic dye export price increased by +74.9% against 2016 indices. The growth pace was the most rapid in 2020 when the export price increased by 35%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+6.1%).

Basic Dye Imports

Imports in Benelux

In 2021, imports of basic dyes and preparations based thereon in Benelux shrank to X tons, flattening at the year before. Over the period under review, imports showed a slight decrease. The most prominent rate of growth was recorded in 2019 with an increase of 44%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, basic dye imports rose notably to $X in 2021. Total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.4% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 32% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) represented the largest importer of basic dyes and preparations based thereon, mixing up 80% of total imports. It was distantly followed by Belgium (X tons), creating a 19% share of total imports.

The Netherlands was also the fastest-growing in terms of the basic dyes and preparations based thereon imports, with a CAGR of -1.2% from 2012 to 2021. Belgium (-2.4%) illustrated a downward trend over the same period. While the share of Belgium (-1.8 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of imports in 2021.

The Netherlands, with a CAGR of +3.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, picking up by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2018 when the import price increased by 29%. The level of import peaked in 2021 and is likely to continue growth in years to come.

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 Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.7%).

Source: IndexBox Platform