Colombia: Direct Dye Market 2024

Direct Dye Market Size in Colombia

In 2021, the Colombian direct dye market increased by 49% to $X, rising for the third year in a row after three years of decline. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +81.9% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Direct Dye Exports

Exports from Colombia

In 2021, overseas shipments of direct dyes and preparations based thereon increased by 109% to X tons, rising for the second year in a row after five years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 160% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, direct dye exports soared to $X in 2021. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 210%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for direct dye exports from Colombia, accounting for a 42% share of total exports. Moreover, direct dye exports to Ecuador exceeded the volume sent to the second major destination, Trinidad and Tobago (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Ecuador amounted to +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (+14.8% per year) and the United States (+55.1% per year).

In value terms, Ecuador ($X) remains the key foreign market for direct dyes and preparations based thereon exports from Colombia, comprising 34% of total exports. The second position in the ranking was held by Trinidad and Tobago ($X), with a 17% share of total exports. It was followed by Panama, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador amounted to +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (+10.9% per year) and Panama (+35.1% per year).

Export Prices by Country

In 2021, the average direct dye export price amounted to $X per ton, falling by -4.7% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, direct dye export price decreased by -25.9% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 83% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Guatemala ($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 Venezuela (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Direct Dye Imports

Imports into Colombia

In 2021, approx. X tons of direct dyes and preparations based thereon were imported into Colombia; with an increase of 49% compared with 2020 figures. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% 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 +101.8% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 54% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, direct dye imports surged to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.7% 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 +73.9% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), India (X tons) and the United States (X tons) were the main suppliers of direct dye imports to Colombia, together accounting for 79% of total imports. These countries were followed by China, Spain and Taiwan (Chinese), which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +63.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest direct dye suppliers to Colombia were India ($X), Brazil ($X) and China ($X), together comprising 68% of total imports. These countries were followed by the United States, Spain and Taiwan (Chinese), which together accounted for a further 27%.

Spain, with a CAGR of +45.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average direct dye import price stood at $X per ton in 2021, surging by 2.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 29% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 China ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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