Hong Kong SAR, China: Disperse Dye Market 2024

Disperse Dye Market Size in Hong Kong SAR, China

The Hong Kong disperse dye market was finally on the rise to reach $X in 2021, after five years of decline. In general, consumption continues to indicate a noticeable setback. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Disperse Dye Production in Hong Kong SAR, China

In value terms, disperse dye production fell to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Disperse Dye Exports

Exports from Hong Kong SAR, China

In 2021, the amount of disperse dyes and preparations based thereon exported from Hong Kong SAR shrank rapidly to X tons, waning by -54.6% on the previous year's figure. Over the period under review, exports faced a sharp decline. The most prominent rate of growth was recorded in 2018 with an increase of 59% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, disperse dye exports shrank markedly to $X in 2021. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 64% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for disperse dye exports from Hong Kong SAR, accounting for a 65% share of total exports. Moreover, disperse dye exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), fourfold. The third position in this ranking was taken by Pakistan (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to -19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-15.3% per year) and Pakistan (+10.7% per year).

In value terms, China ($X) remains the key foreign market for disperse dyes and preparations based thereon exports from Hong Kong SAR, comprising 73% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total exports. It was followed by Pakistan, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to China stood at -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-9.6% per year) and Pakistan (-3.1% per year).

Export Prices by Country

In 2021, the average disperse dye export price amounted to $X per ton, rising by 54% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Pakistan ($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 South Korea (+41.3%), while the prices for the other major destinations experienced more modest paces of growth.

Disperse Dye Imports

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of disperse dyes and preparations based thereon decreased by -35.6% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 70% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, disperse dye imports reduced markedly to $X in 2021. In general, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 65%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Indonesia (X tons) and India (X tons) were the main suppliers of disperse dye imports to Hong Kong SAR, together comprising 91% of total imports. These countries were followed by the United States, Singapore, South Korea and Japan, which together accounted for a further 6.8%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of -1.6%), while purchases for the other leaders experienced a decline.

In value terms, Indonesia ($X), China ($X) and India ($X) were the largest disperse dye suppliers to Hong Kong SAR, together accounting for 84% of total imports.

India, with a CAGR of +4.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average disperse dye import price amounted to $X per ton, rising by 23% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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