Chile: Basic Dye Market 2024

Basic Dye Market Size in Chile

The Chilean basic dye market surged to $X in 2021, with an increase of 23% 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 recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Basic Dye Exports

Exports from Chile

In 2021, shipments abroad of basic dyes and preparations based thereon decreased by -15.7% to X kg, falling for the third year in a row after two years of growth. Overall, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 159% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, basic dye exports shrank significantly to $X in 2021. In general, exports showed a dramatic curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 273% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X kg), Argentina (X kg) and Peru (X kg) were the main destinations of basic dye exports from Chile, with a combined 71% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the largest markets for basic dye exported from Chile were Spain ($X), Bolivia ($X) and Argentina ($X), with a combined 66% share of total exports.

Spain, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average basic dye export price stood at $X per ton in 2021, which is down by -16.2% against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 an increase of 76% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Argentina ($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 Bolivia (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into Chile

In 2021, the amount of basic dyes and preparations based thereon imported into Chile skyrocketed to X tons, growing by 29% on the previous year. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine-year period. 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 63% against the previous year. As a result, imports attained 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 soared to $X in 2021. In general, imports, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2014 when imports increased by 33%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Spain (X tons), India (X tons) and China (X tons) were the main suppliers of basic dye imports to Chile, together comprising 82% of total imports. These countries were followed by Germany, Canada, Brazil, Colombia, Mexico, Panama and Australia, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +30.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of basic dyes and preparations based thereon to Chile, comprising 37% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by India, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.5% per year) and India (-0.2% per year).

Import Prices by Country

The average basic dye import price stood at $X per ton in 2021, reducing by -7.6% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 an increase of 25%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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