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

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

The Irish acid and mordant dye market soared to $X in 2021, picking up by 48% against the previous year. Over the period under review, consumption posted tangible growth. As a result, consumption attained 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 Ireland

In value terms, acid and mordant dye production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable decline. Acid and mordant dye production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Ireland

In 2021, shipments abroad of acid and mordant dyes and preparations based thereon decreased by -57.4% to X tons, falling for the fifth year in a row after three years of growth. Over the period under review, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2014 when exports increased by 87%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, acid and mordant dye exports reduced dramatically to $X in 2021. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 45%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Egypt (X tons), Italy (X tons) and Turkey (X kg) were the main destinations of acid and mordant dye exports from Ireland, with a combined 74% share of total exports. These countries were followed by the UK, Poland, Ukraine, France, Russia, Algeria and the United States, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +48.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for acid and mordant dyes and preparations based thereon exports from Ireland, comprising 53% of total exports. The second position in the ranking was taken by Egypt ($X), with a 21% share of total exports. It was followed by the UK, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled +35.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-0.2% per year) and the UK (-0.4% per year).

Export Prices by Country

The average acid and mordant dye export price stood at $X per ton in 2021, with an increase of 75% against the previous year. Overall, the export price recorded a remarkable increase. 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 export markets. In 2021, among the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the United States ($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 Algeria (+7.3%), 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 Ireland

In 2021, acid and mordant dye imports into Ireland reduced remarkably to X tons, with a decrease of -16.5% on 2020 figures. In general, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 25%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, acid and mordant dye imports fell dramatically to $X in 2021. Overall, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2019 with an increase of 77%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest acid and mordant dye supplier to Ireland, with a 65% share of total imports. Moreover, acid and mordant dye imports from Germany exceeded the figures recorded by the second-largest supplier, Mexico (X tons), sevenfold. The United States (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+56.7% per year) and the United States (+11.2% per year).

In value terms, the largest acid and mordant dye suppliers to Ireland were Germany ($X), the United States ($X) and Mexico ($X), with a combined 90% share of total imports.

Mexico, with a CAGR of +62.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average acid and mordant dye import price amounted to $X per ton, waning by -41% against the previous year. Over the period under review, the import price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2019 an increase of 142% 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 ($X per ton), while the price for Belgium ($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 (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :