Italy: Basic Dye Market 2024

Basic Dye Market Size in Italy

For the fifth year in a row, the Italian basic dye market recorded growth in sales value, which increased by 68% to $X in 2021. Over the period under review, consumption enjoyed a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Basic Dye Production in Italy

In value terms, basic dye production dropped remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 248%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Basic Dye Exports

Exports from Italy

After two years of decline, shipments abroad of basic dyes and preparations based thereon increased by 47% to X tons in 2021. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, basic dye exports surged to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Germany (X tons) and South Korea (X tons) were the main destinations of basic dye exports from Italy, with a combined 41% share of total exports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +93.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for basic dye exported from Italy were Germany ($X), Poland ($X) and South Korea ($X), with a combined 47% share of total exports.

South Korea, with a CAGR of +100.3%, recorded the highest rates of growth with regard to 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

The average basic dye export price stood at $X per ton in 2021, dropping by -5.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 11% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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 Mexico ($X per ton), while the average price for exports to Algeria ($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 Norway (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into Italy

In 2021, purchases abroad of basic dyes and preparations based thereon was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, continue to indicate a deep downturn. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, basic dye imports expanded remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 when imports increased by 15% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest basic dye supplier to Italy, accounting for a 58% share of total imports. Moreover, basic dye imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. France (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.8% per year) and France (+12.8% per year).

In value terms, India ($X), China ($X) and France ($X) constituted the largest basic dye suppliers to Italy, together accounting for 71% of total imports. Germany, the Netherlands, Spain and the United States lagged somewhat behind, together comprising a further 15%.

The Netherlands, with a CAGR of +14.3%, recorded the highest rates of growth with regard to the value of imports, among 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 basic dye import price amounted to $X per ton, declining by -9.8% against the previous year. Over the period under review, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 37%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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