Indonesia: Direct Dye Market 2024

Direct Dye Market Size in Indonesia

The Indonesian direct dye market contracted slightly to $X in 2021, stabilizing at the previous year. Over the period under review, consumption recorded a pronounced downturn. Direct dye consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Direct Dye Production in Indonesia

In value terms, direct dye production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 33% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Direct Dye Exports

Exports from Indonesia

In 2021, the amount of direct dyes and preparations based thereon exported from Indonesia expanded remarkably to X tons, picking up by 7.1% compared with the year before. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of 139%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, direct dye exports rose remarkably to $X in 2021. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 104%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The Philippines (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) were the main destinations of direct dye exports from Indonesia, together comprising 71% of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +95.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) remains the key foreign market for direct dyes and preparations based thereon exports from Indonesia, comprising 39% of total exports. The second position in the ranking was held by China ($X), with an 18% share of total exports. It was followed by Vietnam, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to the Philippines stood at +50.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+9.4% per year) and Vietnam (+36.2% per year).

Export Prices by Country

The average direct dye export price stood at $X per ton in 2021, growing by 6% against the previous year. In general, the export price, however, recorded a abrupt descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Malaysia (+12.0%), while the prices for the other major destinations experienced a decline.

Direct Dye Imports

Imports into Indonesia

After three years of decline, overseas purchases of direct dyes and preparations based thereon increased by 9.7% to X tons in 2021. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, direct dye imports expanded notably to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 31%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of direct dye imports to Indonesia, with a combined 86% share of total imports. Thailand, Japan, the United States and Germany lagged somewhat behind, together comprising a further 8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +26.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest direct dye suppliers to Indonesia, with a combined 77% share of total imports. These countries were followed by Japan, Thailand, the United States and Germany, which together accounted for a further 15%.

Among the main suppliers, Japan, with a CAGR of +20.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average direct dye import price stood at $X per ton in 2021, reducing by -3.5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 25% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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