GCC: Disperse Dye Market 2024

Disperse Dye Market Size in GCC

In 2021, the GCC disperse dye market increased by 6.1% to $X, rising for the third year in a row after four years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Disperse Dye Production in GCC

In value terms, disperse dye production expanded remarkably to $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.3% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 83%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Disperse Dye Exports

Exports in GCC

For the third year in a row, GCC recorded decline in shipments abroad of disperse dyes and preparations based thereon, which decreased by -21.6% to X tons in 2021. Over the period under review, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 46%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, disperse dye exports dropped to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 93% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the largest exporting country with an export of around X tons, which reached 55% of total exports. Saudi Arabia (X tons) ranks second in terms of the total exports with a 35% share, followed by Kuwait (7.2%). Oman (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +18.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest disperse dye supplying countries in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X), together comprising 98% of total exports.

Kuwait, with a CAGR of +16.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, increasing by 24% against the previous year. Export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, disperse dye export price decreased by -21.8% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 32%. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($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 (+10.5%), while the other leaders experienced more modest paces of growth.

Disperse Dye Imports

Imports in GCC

In 2021, the amount of disperse dyes and preparations based thereon imported in GCC reduced markedly to X tons, with a decrease of -24.8% against the previous year. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 84% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, disperse dye imports dropped remarkably to $X in 2021. In general, imports recorded a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by 128% against the previous year. 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 (X tons) and Oman (X tons) dominates imports structure, together achieving 90% of total imports. It was distantly followed by Kuwait (X tons), comprising a 7.1% share of total imports. Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Oman (with a CAGR of +17.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported disperse dyes and preparations based thereon in GCC, comprising 61% of total imports. The second position in the ranking was taken by Oman ($X), with a 16% share of total imports. It was followed by Kuwait, with a 13% share.

In the United Arab Emirates, disperse dye imports increased at an average annual rate of +4.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Oman (+4.9% per year) and Kuwait (-6.4% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, rising by 7.5% against the previous year. Overall, the import price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 when the import price increased by 109% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 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 Qatar ($X per ton), while Oman ($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 (+19.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform