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

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

The Colombian acid and mordant dye market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a noticeable curtailment. Acid and mordant dye consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, acid and mordant dye production reached $X in 2021 estimated in export price. In general, production recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 9.5% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Colombia

In 2021, acid and mordant dye exports from Colombia fell to X tons, waning by -3.5% on the previous year's figure. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 81%. The exports 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 slightly to $X in 2021. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 62%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons), Mexico (X tons) and Brazil (X tons) were the main destinations of acid and mordant dye exports from Colombia, with a combined 61% share of total exports. The United States, Guatemala, Costa Rica, the Dominican Republic and Chile lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +63.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acid and mordant dye exported from Colombia were Ecuador ($X), Mexico ($X) and Brazil ($X), together comprising 57% of total exports. These countries were followed by the United States, Costa Rica, Guatemala, the Dominican Republic and Chile, which together accounted for a further 29%.

Among the main countries of destination, the United States, with a CAGR of +59.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average acid and mordant dye export price stood at $X per ton in 2021, surging by 6.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 15%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Costa Rica ($X per ton), while the average price for exports to Chile ($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 Costa Rica (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Colombia

In 2021, after two years of decline, there was significant growth in purchases abroad of acid and mordant dyes and preparations based thereon, when their volume increased by 57% to X tons. The total import volume increased at an average annual rate of +1.5% 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.

In value terms, acid and mordant dye imports surged to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of acid and mordant dye to Colombia, accounting for a 53% share of total imports. Moreover, acid and mordant dye imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.3% per year) and Italy (-5.2% per year).

In value terms, India ($X) constituted the largest supplier of acid and mordant dyes and preparations based thereon to Colombia, comprising 34% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Switzerland, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.8% per year) and Switzerland (+13.6% per year).

Import Prices by Country

In 2021, the average acid and mordant dye import price amounted to $X per ton, shrinking by -9.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 22%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: among the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($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 (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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