Canada: Basic Dye Market 2024

Basic Dye Market Size in Canada

The Canadian basic dye market soared to $X in 2021, increasing by 22% 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 showed a resilient expansion. Basic dye consumption peaked in 2021 and is expected to retain growth in the immediate term.

Basic Dye Exports

Exports from Canada

In 2021, basic dye exports from Canada surged to X tons, jumping by 148% against the year before. In general, exports posted perceptible growth. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, basic dye exports surged to $X in 2021. Overall, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 62%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for basic dye exports from Canada, accounting for a 92% share of total exports. Moreover, basic dye exports to the United States exceeded the volume sent to the second major destination, China (X tons), more than tenfold. The third position in this ranking was held by Qatar (X tons), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+47.4% per year) and Qatar (+67.2% per year).

In value terms, the United States ($X) remains the key foreign market for basic dyes and preparations based thereon exports from Canada, comprising 89% of total exports. The second position in the ranking was taken by China ($X), with an 8.7% share of total exports. It was followed by Qatar, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+49.0% per year) and Qatar (+66.5% per year).

Export Prices by Country

In 2021, the average basic dye export price amounted to $X per ton, reducing by -42.4% against the previous year. Over the period under review, the export price showed a slight descent. The growth pace was the most rapid in 2017 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Qatar ($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 China (+1.0%), while the prices for the other major destinations experienced a decline.

Basic Dye Imports

Imports into Canada

Basic dye imports into Canada surged to X tons in 2021, growing by 39% on 2020. In general, imports posted strong growth. The growth pace was the most rapid in 2018 when imports increased by 63%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, basic dye imports skyrocketed to $X in 2021. Overall, imports posted prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by 34%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

The United States (X tons), Mexico (X tons) and India (X tons) were the main suppliers of basic dye imports to Canada, together comprising 83% of total imports. These countries were followed by Spain, China and Switzerland, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +62.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of basic dyes and preparations based thereon to Canada, comprising 40% of total imports. The second position in the ranking was taken by Mexico ($X), with an 18% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+1.1% per year) and China (+1.7% per year).

Import Prices by Country

In 2021, the average basic dye import price amounted to $X per ton, dropping by -17.1% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the average import price increased by 75%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Mexico ($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 (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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