Eastern Asia: Market for Acid And Mordant Dyes And Preparations Based Thereon 2025

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Eastern Asia

The East Asian acid and mordant dye market expanded sharply to $X in 2021, with an increase of 6.1% against the previous year. Over the period under review, consumption, however, saw a slight reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Acid And Mordant Dyes And Preparations Based Thereon in Eastern Asia

In value terms, acid and mordant dye production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 9.3% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports in Eastern Asia

In 2021, overseas shipments 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. Overall, exports, however, recorded a abrupt downturn. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, acid and mordant dye exports surged to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 20% 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

China was the key exporting country with an export of about X tons, which resulted at 61% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), South Korea (X tons) and Hong Kong SAR (X tons), together generating a 35% share of total exports. Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to acid and mordant dye exports from China stood at -6.1%. At the same time, Japan (+3.8%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +3.8% from 2012-2021. By contrast, South Korea (-2.1%), Taiwan (Chinese) (-2.1%) and Hong Kong SAR (-11.0%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+5.3 p.p.), South Korea (+2.2 p.p.) and Japan (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-4.1 p.p.) and China (-5.6 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest acid and mordant dye supplier in Eastern Asia, comprising 49% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 21% share of total exports. It was followed by Japan, with a 19% share.

From 2012 to 2021, the average annual growth rate of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+4.3% per year) and Japan (+3.0% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by 2.6% against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acid and mordant dye export price decreased by -6.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 32%. The level of export peaked at $X per ton in 2019; however, from 2020 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 Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.5%), while the other leaders experienced more modest paces of growth.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports in Eastern Asia

In 2021, after two years of decline, there was significant growth in overseas purchases of acid and mordant dyes and preparations based thereon, when their volume increased by 35% to X tons. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, acid and mordant dye imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China was the major importer of acid and mordant dyes and preparations based thereon in Eastern Asia, with the volume of imports reaching X tons, which was near 59% of total imports in 2021. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with an 18% share, followed by South Korea (16%). The following importers - Japan (X tons) and Hong Kong SAR (X tons) - each accounted for a 7.7% share of total imports.

China was also the fastest-growing in terms of the acid and mordant dyes and preparations based thereon imports, with a CAGR of +3.9% from 2012 to 2021. Taiwan (Chinese) experienced a relatively flat trend pattern. South Korea (-2.9%), Japan (-5.8%) and Hong Kong SAR (-8.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +17 percentage points.

In value terms, China ($X) constitutes the largest market for imported acid and mordant dyes and preparations based thereon in Eastern Asia, comprising 58% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 17% share of total imports. It was followed by South Korea, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +3.4%. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.7% per year) and South Korea (+0.2% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, standing approx. at the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by 28%. 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 Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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