China: Direct Dye Market 2024

Direct Dye Market Size in China

After two years of decline, the Chinese direct dye market increased by 1.1% to $X in 2021. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Direct Dye Production in China

In value terms, direct dye production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Direct Dye Exports

Exports from China

In 2021, overseas shipments of direct dyes and preparations based thereon increased by 34% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, direct dye exports surged to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons), Lao People's Democratic Republic (X tons) and Vietnam (X tons) were the main destinations of direct dye exports from China, with a combined 42% 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 Lao People's Democratic Republic (with a CAGR of +496.2%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for direct dyes and preparations based thereon exports from China, comprising 19% of total exports. The second position in the ranking was held by Vietnam ($X), with an 8.7% share of total exports. It was followed by Taiwan (Chinese), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+13.7% per year) and Taiwan (Chinese) (-0.3% per year).

Export Prices by Country

In 2021, the average direct dye export price amounted to $X per ton, waning by -5.9% against the previous year. Over the period under review, the export price, however, saw a mild expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 33%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 South Korea (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Direct Dye Imports

Imports into China

For the fourth year in a row, China recorded growth in supplies from abroad of direct dyes and preparations based thereon, which increased by 7.8% to X tons in 2021. Overall, imports saw buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 63%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, direct dye imports rose significantly to $X in 2021. In general, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.6% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 49% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, India (X tons) constituted the largest direct dye supplier to China, accounting for a 75% share of total imports. Moreover, direct dye imports from India exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), ninefold. The third position in this ranking was taken by the United States (X tons), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.3% per year) and the United States (+5.4% per year).

In value terms, India ($X) constituted the largest supplier of direct dyes and preparations based thereon to China, comprising 52% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by Thailand, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.2% per year) and Thailand (+7.0% per year).

Import Prices by Country

In 2021, the average direct dye import price amounted to $X per ton, picking up by 1.6% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 9.7%. 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.

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 Thailand ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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