Egypt: Basic Dye Market 2024

Basic Dye Market Size in Egypt

In 2021, the Egyptian basic dye market decreased by -24.5% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 +14.4% against 2018 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Basic Dye Exports

Exports from Egypt

In 2021, approx. X tons of basic dyes and preparations based thereon were exported from Egypt; increasing by 310% on 2020. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, basic dye exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X kg) was the main destination for basic dye exports from Egypt, accounting for a 60% share of total exports. Moreover, basic dye exports to Turkey exceeded the volume sent to the second major destination, Jordan (X kg), fivefold. Sudan (X kg) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to +116.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+80.7% per year) and Sudan (+59.9% per year).

In value terms, Turkey ($X) remains the key foreign market for basic dyes and preparations based thereon exports from Egypt, comprising 68% of total exports. The second position in the ranking was held by Jordan ($X), with a 23% share of total exports. It was followed by Oman, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value to Turkey amounted to +86.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+77.5% per year) and Oman (0.0% per year).

Export Prices by Country

The average basic dye export price stood at $X per ton in 2021, waning by -30.2% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2020 an increase of 47% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Kuwait ($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 Uganda (+38.3%), while the prices for the other major destinations experienced a decline.

Basic Dye Imports

Imports into Egypt

After two years of growth, overseas purchases of basic dyes and preparations based thereon decreased by -36.1% to X tons in 2021. In general, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 139% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, basic dye imports contracted dramatically to $X in 2021. Overall, imports, however, posted strong growth. The growth pace was the most rapid in 2013 when imports increased by 127%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of basic dye to Egypt, accounting for a 43% share of total imports. Moreover, basic dye imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.9% per year) and Spain (+13.8% per year).

In value terms, the largest basic dye suppliers to Egypt were China ($X), Turkey ($X) and Spain ($X), together comprising 66% of total imports. India and South Korea lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, South Korea, with a CAGR of +47.8%, recorded the highest growth rate of 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

In 2021, the average basic dye import price amounted to $X per ton, picking up by 29% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, basic dye import price increased by +69.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 31% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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