China: Basic Dye Market 2024

Basic Dye Market Size in China

The Chinese basic dye market rose modestly to $X in 2021, increasing by 4.8% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Basic dye consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Basic Dye Production in China

In value terms, basic dye production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 14%. Basic dye production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Basic Dye Exports

Exports from China

After four years of decline, overseas shipments of basic dyes and preparations based thereon increased by 14% to X tons in 2021. Overall, exports, however, recorded a abrupt curtailment. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, basic dye exports reached $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 12% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Vietnam (X tons) and Pakistan (X tons) were the main destinations of basic dye exports from China, together comprising 41% of total exports. Taiwan (Chinese), Malaysia, India, South Korea, Iran, Thailand, Japan, Mexico, Italy and Bangladesh lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +10.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Taiwan (Chinese) ($X) and India ($X) appeared to be the largest markets for basic dye exported from China worldwide, together accounting for 33% of total exports. Vietnam, Pakistan, Japan, South Korea, Iran, Thailand, Mexico, Italy, Bangladesh and Malaysia lagged somewhat behind, together comprising a further 39%.

Vietnam, with a CAGR of +7.5%, saw 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

The average basic dye export price stood at $X per ton in 2021, waning by -10.3% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, basic dye export price decreased by -16.6% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 39%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($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 India (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into China

In 2021, the amount of basic dyes and preparations based thereon imported into China soared to X tons, growing by 28% compared with 2020 figures. Over the period under review, imports recorded a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 70%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, basic dye imports surged to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.4% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest basic dye supplier to China, with a 88% share of total imports. Moreover, basic dye imports from India exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.6% per year) and Germany (+7.2% per year).

In value terms, India ($X) constituted the largest supplier of basic dyes and preparations based thereon to China, comprising 53% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by Japan, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.3% per year) and Japan (-5.8% per year).

Import Prices by Country

In 2021, the average basic dye import price amounted to $X per ton, with an increase of 2.2% against the previous year. Over the period under review, the import price, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 an increase of 18%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($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 (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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