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

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

The Indonesian acid and mordant dye market skyrocketed to $X in 2021, jumping by 28% against the previous year. In general, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.3% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

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

In value terms, acid and mordant dye production soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.5% 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 -17.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 67%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Indonesia

In 2021, overseas shipments of acid and mordant dyes and preparations based thereon were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, showed a noticeable descent. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, acid and mordant dye exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), the Netherlands (X tons) and Turkey (X tons) were the main destinations of acid and mordant dye exports from Indonesia, together comprising 51% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +161.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acid and mordant dye exported from Indonesia were China ($X), the Netherlands ($X) and Taiwan (Chinese) ($X), with a combined 50% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +307.4%, 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

The average acid and mordant dye export price stood at $X per ton in 2021, dropping by -8.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 19%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, among the top suppliers, the countries with the highest prices were Japan ($X per ton) and the Netherlands ($X per ton), while the average price for exports to China ($X per ton) and Turkey ($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 Belgium (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Indonesia

In 2021, the amount of acid and mordant dyes and preparations based thereon imported into Indonesia skyrocketed to X tons, with an increase of 35% on the year before. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 37% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, acid and mordant dye imports skyrocketed to $X in 2021. In general, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 45%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of acid and mordant dye to Indonesia, accounting for a 68% share of total imports. Moreover, acid and mordant dye imports from India exceeded the figures recorded by the second-largest supplier, Greece (X tons), ninefold. The third position in this ranking was taken by China (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+67.8% per year) and China (+5.7% per year).

In value terms, India ($X) constituted the largest supplier of acid and mordant dyes and preparations based thereon to Indonesia, comprising 54% of total imports. The second position in the ranking was taken by Greece ($X), with a 7.2% share of total imports. It was followed by China, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+68.3% per year) and China (+8.3% per year).

Import Prices by Country

The average acid and mordant dye import price stood at $X per ton in 2021, flattening at the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2019 an increase of 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 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 United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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