India: Basic Dye Market 2024

Basic Dye Market Size in India

In 2021, the Indian basic dye market decreased by -14.9% to $X, falling for the third year in a row after two years of growth. In general, consumption continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of 3.5% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Basic Dye Production in India

In value terms, basic dye production totaled $X in 2021 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.3% against 2019 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 17%. Basic dye production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Basic Dye Exports

Exports from India

In 2021, approx. X tons of basic dyes and preparations based thereon were exported from India; growing by 8.1% against the previous year. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 20% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, basic dye exports surged to $X in 2021. Over the period under review, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 32% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

China (X tons), the United States (X tons) and Indonesia (X tons) were the main destinations of basic dye exports from India, together accounting for 27% of total exports. These countries were followed by Brazil, Thailand, Italy, Malaysia, Turkey, Pakistan, the Netherlands, Spain, Mexico and Sweden, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +35.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for basic dye exported from India were China ($X), the United States ($X) and Italy ($X), together accounting for 29% of total exports.

China, with a CAGR of +38.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 basic dye export price amounted to $X per ton, with an increase of 8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 the United States (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into India

Basic dye imports into India dropped to X tons in 2021, falling by -6.7% on the year before. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, basic dye imports reduced slightly to $X in 2021. Overall, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.2% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 42%. Over the period under review, imports attained the peak figure at $X in 2020, and then contracted modestly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest basic dye supplier to India, with a 80% share of total imports. Moreover, basic dye imports from China exceeded the figures recorded by the second-largest supplier, Iceland (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Iceland (+279.5% per year) and Germany (+10.6% per year).

In value terms, China ($X) constituted the largest supplier of basic dyes and preparations based thereon to India, comprising 84% of total imports. The second position in the ranking was taken by Iceland ($X), with a 10% share of total imports. It was followed by Germany, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Iceland (+276.3% per year) and Germany (+9.5% per year).

Import Prices by Country

The average basic dye import price stood at $X per ton in 2021, increasing by 3.5% against the previous year. Over the period under review, the import price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of 58% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :