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

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

The Chinese acid and mordant dye market skyrocketed to $X in 2021, jumping by 15% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.1% against 2019 indices. Acid and mordant dye consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

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

In value terms, acid and mordant dye production amounted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 27% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from China

In 2021, overseas shipments of acid and mordant dyes and preparations based thereon increased by 11% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a abrupt curtailment. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, acid and mordant dye exports skyrocketed to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Pakistan (X tons) were the main destinations of acid and mordant dye exports from China, together comprising 48% 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 Pakistan (with a CAGR of +3.2%), while the other leaders experienced mixed trend patterns.

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and Italy ($X) appeared to be the largest markets for acid and mordant dye exported from China worldwide, together accounting for 39% of total exports. These countries were followed by the Netherlands, Germany, Mexico, Brazil, Japan, Thailand, Turkey, Pakistan, Vietnam and Bangladesh, which together accounted for a further 38%.

Mexico, with a CAGR of +10.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average acid and mordant dye export price amounted to $X per ton, surging by 12% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acid and mordant dye export price decreased by -7.4% against 2019 indices. The growth pace was the most rapid in 2014 when the average export price increased by 40% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Pakistan ($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 Mexico (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into China

After two years of decline, supplies from abroad of acid and mordant dyes and preparations based thereon increased by 36% to X tons in 2021. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, acid and mordant dye imports surged to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of acid and mordant dye to China, accounting for a 60% share of total imports. Moreover, acid and mordant dye imports from India exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+3.3% per year) and Taiwan (Chinese) (-3.3% per year).

In value terms, India ($X) constituted the largest supplier of acid and mordant dyes and preparations based thereon to China, comprising 40% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 19% share of total imports. It was followed by Thailand, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.7% per year) and Thailand (+3.6% per year).

Import Prices by Country

The average acid and mordant dye import price stood at $X per ton in 2021, increasing by 1.6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 22%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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