GCC: Direct Dye Market 2024

Direct Dye Market Size in GCC

The GCC direct dye market shrank markedly to $X in 2021, falling by -20.5% against the previous year. In general, consumption saw a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Direct Dye Production in GCC

In value terms, direct dye production shrank rapidly to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +10.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +31.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 95% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then reduced sharply in the following year.

Direct Dye Exports

Exports in GCC

After two years of decline, shipments abroad of direct dyes and preparations based thereon increased by 90% to X tons in 2021. In general, exports, however, faced a drastic downturn. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, direct dye exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2013 when exports increased by 93% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia represented the main exporting country with an export of about X tons, which reached 75% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 15% share, followed by Kuwait (4.9%) and Oman (4.8%).

Exports from Saudi Arabia decreased at an average annual rate of -12.7% from 2012 to 2021. At the same time, Oman (+60.4%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +60.4% from 2012-2021. By contrast, the United Arab Emirates (-8.3%) and Kuwait (-11.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Oman and the United Arab Emirates increased by +4.8 and +4.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest direct dye supplier in GCC, comprising 72% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Oman, with a 5.1% share.

In Saudi Arabia, direct dye exports contracted by an average annual rate of -13.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-9.0% per year) and Oman (+42.0% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, shrinking by -19.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by 22%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the United Arab Emirates ($X per ton) and Oman ($X per ton), while Kuwait ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.8%), while the other leaders experienced a decline in the export price figures.

Direct Dye Imports

Imports in GCC

In 2021, the amount of direct dyes and preparations based thereon imported in GCC contracted to X tons, with a decrease of -2.6% against the previous year's figure. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2019 with an increase of 25% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, direct dye imports shrank notably to $X in 2021. Over the period under review, imports recorded a sharp downturn. The growth pace was the most rapid in 2018 when imports increased by 5.6%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the major importing country with an import of around X tons, which finished at 55% of total imports. Kuwait (X tons) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Oman (10%) and Qatar (6.5%). Bahrain (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to direct dye imports into the United Arab Emirates stood at +3.8%. At the same time, Bahrain (+22.2%), Oman (+16.4%) and Kuwait (+4.1%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +22.2% from 2012-2021. By contrast, Qatar (-35.4%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+49 p.p.), Kuwait (+22 p.p.), Oman (+9.7 p.p.) and Bahrain (+4.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Qatar (-44 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported direct dyes and preparations based thereon in GCC, comprising 55% of total imports. The second position in the ranking was held by Kuwait ($X), with a 14% share of total imports. It was followed by Qatar, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at -2.6%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (-4.0% per year) and Qatar (-29.8% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, which is down by -15.7% against the previous year. Overall, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2013 an increase of 17%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Kuwait ($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 (+8.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform