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

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

In 2021, the CIS acid and mordant dye market increased by 20% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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

In value terms, acid and mordant dye production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2018 with an increase of 17% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports in CIS

In 2021, shipments abroad of acid and mordant dyes and preparations based thereon was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 131% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, acid and mordant dye exports expanded notably to $X in 2021. Overall, exports recorded a temperate increase. The pace of growth was the most pronounced in 2016 with an increase of 66% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

In 2021, Russia (X tons) and Belarus (X tons) was the largest exporter of acid and mordant dyes and preparations based thereon in the CIS, comprising 100% of total export.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +23.3%).

In value terms, Russia ($X) remains the largest acid and mordant dye supplier in the CIS, comprising 87% of total exports. The second position in the ranking was held by Belarus ($X), with a 12% share of total exports.

In Russia, acid and mordant dye exports increased at an average annual rate of +4.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, waning by -10% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2019 when the export price increased by 30% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: among the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-3.3%).

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports in CIS

In 2021, overseas purchases of acid and mordant dyes and preparations based thereon were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 31%. As a result, imports attained the peak of X tons; afterwards, it flattened through to 2021.

In value terms, acid and mordant dye imports soared to $X in 2021. The total import value increased at an average annual rate of +6.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia represented the main importer of acid and mordant dyes and preparations based thereon in the CIS, with the volume of imports amounting to X tons, which was near 68% of total imports in 2021. It was distantly followed by Belarus (X tons) and Uzbekistan (X tons), together comprising a 25% share of total imports. Kazakhstan (X tons) and Azerbaijan (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +3.6% from 2012 to 2021. At the same time, Kazakhstan (+21.2%), Uzbekistan (+15.6%) and Belarus (+5.3%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +21.2% from 2012-2021. By contrast, Azerbaijan (-1.6%) illustrated a downward trend over the same period. While the share of Uzbekistan (+8.7 p.p.) and Kazakhstan (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Azerbaijan (-1.6 p.p.) and Russia (-10.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported acid and mordant dyes and preparations based thereon in the CIS, comprising 70% of total imports. The second position in the ranking was held by Belarus ($X), with a 13% share of total imports. It was followed by Uzbekistan, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value in Russia totaled +5.1%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+1.3% per year) and Uzbekistan (+19.4% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, surging by 5.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by 25% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: among the top importers, the country with the highest price was Kazakhstan ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+15.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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