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

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

For the third year in a row, the Malaysian acid and mordant dye market recorded decline in sales value, which decreased by -6.5% to $X in 2021. In general, consumption recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 2.5% against the previous year. Acid and mordant dye consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, acid and mordant dye production declined to $X in 2021 estimated in export price. In general, production showed a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by 13% against the previous year. Acid and mordant dye production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Malaysia

In 2021, after two years of growth, there was significant decline in shipments abroad of acid and mordant dyes and preparations based thereon, when their volume decreased by -12.5% to X tons. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 128% against the previous year. The exports peaked at X tons in 2020, and then declined in the following year.

In value terms, acid and mordant dye exports declined dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of 162%. Over the period under review, the exports reached the maximum at $X in 2020, and then shrank significantly in the following year.

Exports by Country

Pakistan (X tons) was the main destination for acid and mordant dye exports from Malaysia, accounting for a 39% share of total exports. Moreover, acid and mordant dye exports to Pakistan exceeded the volume sent to the second major destination, Indonesia (X tons), twofold. Brazil (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Pakistan stood at +212.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+21.1% per year) and Brazil (+133.5% per year).

In value terms, Pakistan ($X) emerged as the key foreign market for acid and mordant dyes and preparations based thereon exports from Malaysia, comprising 34% of total exports. The second position in the ranking was taken by Brazil ($X), with a 17% share of total exports. It was followed by the United States, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Pakistan totaled +187.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+183.9% per year) and the United States (+31.9% per year).

Export Prices by Country

The average acid and mordant dye export price stood at $X per ton in 2021, declining by -18.8% against the previous year. In general, the export price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 15%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Indonesia ($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 Brazil (+21.6%), 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 Malaysia

In 2021, after two years of growth, there was significant decline in overseas purchases of acid and mordant dyes and preparations based thereon, when their volume decreased by -6.9% to X tons. Over the period under review, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 82%. Imports peaked at X tons in 2020, and then declined in the following year.

In value terms, acid and mordant dye imports fell to $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 56%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of acid and mordant dye to Malaysia, accounting for a 63% share of total imports. Moreover, acid and mordant dye imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Singapore (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.5% per year) and Singapore (+46.1% per year).

In value terms, India ($X), China ($X) and the United States ($X) were the largest acid and mordant dye suppliers to Malaysia, with a combined 81% share of total imports. Taiwan (Chinese), Thailand, Singapore, Spain and Japan lagged somewhat behind, together comprising a further 13%.

In terms of the main suppliers, Singapore, with a CAGR of +30.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average acid and mordant dye import price stood at $X per ton in 2021, falling by -2.9% against the previous year. In general, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2013 when the average import price increased by 7.3%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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