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

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

The Greek acid and mordant dye market was finally on the rise to reach $X in 2021, after eight years of decline. Overall, consumption, however, recorded a deep setback. Acid and mordant dye consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, acid and mordant dye production rose rapidly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt curtailment. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Greece

In 2021, approx. X tons of acid and mordant dyes and preparations based thereon were exported from Greece; jumping by 25% compared with the previous year. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 48%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, acid and mordant dye exports surged to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X tons), Thailand (X tons) and China (X tons) were the main destinations of acid and mordant dye exports from Greece, together accounting for 90% of total exports. The Netherlands and North Macedonia lagged somewhat behind, together accounting for a further 7.5%.

From 2012 to 2021, the biggest increases were recorded for North Macedonia (with a CAGR of +39.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and China ($X) were the largest markets for acid and mordant dye exported from Greece worldwide, together accounting for 90% of total exports. These countries were followed by the Netherlands and North Macedonia, which together accounted for a further 6.8%.

Among the main countries of destination, North Macedonia, with a CAGR of +26.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average acid and mordant dye export price amounted to $X per ton, surging by 38% against the previous year. Overall, the export price, however, recorded a perceptible downturn. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, among the top suppliers, the countries with the highest prices were China ($X per ton) and Indonesia ($X per ton), while the average price for exports to North Macedonia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-2.3%), while the prices for the other major destinations experienced a decline.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Greece

In 2021, supplies from abroad of acid and mordant dyes and preparations based thereon was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, acid and mordant dye imports skyrocketed to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of acid and mordant dye to Greece, with a 84% share of total imports. Moreover, acid and mordant dye imports from India exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.0% per year) and Spain (+54.0% per year).

In value terms, India ($X) constituted the largest supplier of acid and mordant dyes and preparations based thereon to Greece, comprising 69% of total imports. The second position in the ranking was taken by Italy ($X), with a 6.6% share of total imports. It was followed by Spain, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.4% per year) and Spain (+43.2% per year).

Import Prices by Country

In 2021, the average acid and mordant dye import price amounted to $X per ton, waning by -11.7% against the previous year. In general, the import price recorded a mild decrease. The pace of growth was the most pronounced in 2014 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 the Netherlands ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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