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

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

The Egyptian acid and mordant dye market fell to $X in 2021, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a deep downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Egypt

For the third year in a row, Egypt recorded decline in shipments abroad of acid and mordant dyes and preparations based thereon, which decreased by -55% to X kg in 2021. Overall, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 338%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, acid and mordant dye exports contracted significantly to $X in 2021. In general, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of 551% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Algeria (X kg) was the main destination for acid and mordant dye exports from Egypt, with a 82% share of total exports. Moreover, acid and mordant dye exports to Algeria exceeded the volume sent to the second major destination, Sudan (X kg), eightfold. The third position in this ranking was taken by Saudi Arabia (X kg), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Algeria stood at -31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-34.5% per year) and Saudi Arabia (-51.7% per year).

In value terms, Sudan ($X) remains the key foreign market for acid and mordant dyes and preparations based thereon exports from Egypt, comprising 52% of total exports. The second position in the ranking was held by Algeria ($X), with a 19% share of total exports. It was followed by Kuwait, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to Sudan stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (-20.6% per year) and Kuwait (-30.8% per year).

Export Prices by Country

In 2021, the average acid and mordant dye export price amounted to $X per ton, with an increase of 18% against the previous year. Overall, the export price showed buoyant growth. The growth pace was the most rapid in 2016 when the average export price increased by 77% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average 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 Italy ($X per ton), while the average price for exports to Saudi Arabia ($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 Sudan (+55.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Egypt

In 2021, approx. X tons of acid and mordant dyes and preparations based thereon were imported into Egypt; which is down by -19% against the year before. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2013 with an increase of 136% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, acid and mordant dye imports rose to $X in 2021. Overall, imports recorded a abrupt contraction. The growth pace was the most rapid in 2013 when imports increased by 105% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Italy (X tons) were the main suppliers of acid and mordant dye imports to Egypt, together accounting for 50% of total imports. These countries were followed by Spain, Indonesia, Germany, Turkey, South Korea, Greece, Ireland, Singapore and Switzerland, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +33.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Italy ($X) and Spain ($X) constituted the largest acid and mordant dye suppliers to Egypt, with a combined 54% share of total imports. These countries were followed by China, Indonesia, Germany, Turkey, South Korea, Ireland, Switzerland, Singapore and Greece, which together accounted for a further 29%.

Singapore, with a CAGR of +30.6%, 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 acid and mordant dye import price stood at $X per ton in 2021, growing by 29% against the previous year. Over the period under review, the import price saw a strong expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, among the top importers, the country with the highest price was India ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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