Eastern Asia: Direct Dye Market 2024

Direct Dye Market Size in Eastern Asia

In 2021, the East Asian direct dye market was finally on the rise to reach $X after two years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Direct Dye Production in Eastern Asia

In value terms, direct dye production expanded significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 30% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Direct Dye Exports

Exports in Eastern Asia

In 2021, shipments abroad of direct dyes and preparations based thereon increased by 25% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a perceptible reduction. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, direct dye exports surged to $X in 2021. In general, exports, however, saw a perceptible reduction. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, China (X tons) was the major exporter of direct dyes and preparations based thereon, achieving 79% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a 17% share of total exports. Japan (X tons) and South Korea (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of direct dyes and preparations based thereon. Japan experienced a relatively flat trend pattern. South Korea (-1.7%) and Taiwan (Chinese) (-6.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +12 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest direct dye supplier in Eastern Asia, comprising 60% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 20% share of total exports. It was followed by Japan, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-6.5% per year) and Japan (-6.0% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, falling by -4.2% against the previous year. Overall, the export price showed a mild decline. The most prominent rate of growth was recorded in 2014 when the export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($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 (+1.0%), while the other leaders experienced a decline in the export price figures.

Direct Dye Imports

Imports in Eastern Asia

In 2021, approx. X tons of direct dyes and preparations based thereon were imported in Eastern Asia; increasing by 8.7% compared with the year before. The total import volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, direct dye imports surged to $X in 2021. Over the period under review, imports, however, recorded a slight decrease. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons) and Japan (X tons) were the key importers of direct dyes and preparations based thereon in 2021, recording near 35% and 33% of total imports, respectively. It was distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons), together committing a 32% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest direct dye importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 87% share of total imports. Taiwan (Chinese) lagged somewhat behind, accounting for a further 12%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +3.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, surging by 7.9% against the previous year. In general, the import price, however, showed a deep setback. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($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) (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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