GCC: Market for Acid And Mordant Dyes And Preparations Based Thereon 2025

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

In 2021, the GCC acid and mordant dye market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.9% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Acid And Mordant Dyes And Preparations Based Thereon in GCC

In value terms, acid and mordant dye production rose remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 176%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports in GCC

In 2021, the amount of acid and mordant dyes and preparations based thereon exported in GCC surged to X tons, picking up by 28% on 2020 figures. Over the period under review, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 136%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, acid and mordant dye exports surged to $X in 2021. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 89% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X tons, which was approx. 89% of total exports in 2021. It was distantly followed by Saudi Arabia (X tons), mixing up a 6.8% share of total exports. Bahrain (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to acid and mordant dye exports from the United Arab Emirates stood at +47.8%. At the same time, Bahrain (+61.4%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +61.4% from 2012-2021. By contrast, Saudi Arabia (-16.2%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+81 p.p.) and Bahrain (+4.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-85.2 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest acid and mordant dye supplier in GCC, comprising 78% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +29.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (+54.6% per year) and Saudi Arabia (-14.9% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, growing by 28% against the previous year. In general, the export price enjoyed a modest increase. The most prominent rate of growth was recorded in 2013 when the export price increased by 77% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, among the top suppliers, the country with the highest price was Bahrain ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.6%), while the other leaders experienced a decline in the export price figures.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports in GCC

Acid and mordant dye imports surged to X tons in 2021, with an increase of 22% compared with 2020. In general, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 67%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, acid and mordant dye imports surged to $X in 2021. Overall, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2020 when imports increased by 46% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, finishing at X tons, which was near 78% of total imports in 2021. It was distantly followed by Qatar (X tons), committing a 9.6% share of total imports. The following importers - Kuwait (X tons), Oman (X tons) and Bahrain (X tons) - each accounted for a 12% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +5.0% from 2012 to 2021. At the same time, Oman (+19.6%) and Qatar (+14.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +19.6% from 2012-2021. By contrast, Kuwait (-2.9%) and Bahrain (-21.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Qatar, Oman and Kuwait increased by +54, +8.3, +3.8 and +1.7 percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported acid and mordant dyes and preparations based thereon in GCC, comprising 76% of total imports. The second position in the ranking was held by Qatar ($X), with a 12% share of total imports. It was followed by Bahrain, with a 7.5% share.

In the United Arab Emirates, acid and mordant dye imports increased at an average annual rate of +7.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Qatar (+30.5% per year) and Bahrain (-16.2% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, stabilizing at the previous year. Import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acid and mordant dye import price decreased by -12.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 52% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform