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

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

The Canadian acid and mordant dye market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, recorded a noticeable slump. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Acid And Mordant Dyes And Preparations Based Thereon in Canada

In value terms, acid and mordant dye production expanded notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2014 when the production volume increased by 19%. Acid and mordant dye production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Canada

In 2021, shipments abroad of acid and mordant dyes and preparations based thereon decreased by -50.9% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 1,382% against the previous year. The exports peaked at X tons in 2020, and then declined markedly in the following year.

In value terms, acid and mordant dye exports shrank significantly to $X in 2021. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2018 when exports increased by 843% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then shrank rapidly in the following year.

Exports by Country

The UK (X tons) was the main destination for acid and mordant dye exports from Canada, accounting for a 78% share of total exports. Moreover, acid and mordant dye exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to the UK was relatively modest.

In value terms, the UK ($X) remains the key foreign market for acid and mordant dyes and preparations based thereon exports from Canada, comprising 76% of total exports. The second position in the ranking was held by the United States ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

The average acid and mordant dye export price stood at $X per ton in 2021, picking up by 2.1% against the previous year. Over the period under review, the export price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 26%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, among the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.0%).

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Canada

In 2021, imports of acid and mordant dyes and preparations based thereon into Canada expanded notably to X tons, increasing by 14% against 2020 figures. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 43% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, acid and mordant dye imports surged to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest acid and mordant dye supplier to Canada, accounting for a 64% share of total imports. Moreover, acid and mordant dye imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. Ireland (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.2% per year) and Ireland (+31.3% per year).

In value terms, the United States ($X), Ireland ($X) and India ($X) appeared to be the largest acid and mordant dye suppliers to Canada, with a combined 85% share of total imports.

Ireland, with a CAGR of +66.1%, saw the highest growth rate of the value of imports, among 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 acid and mordant dye import price amounted to $X per ton, growing by 4.5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 31% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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