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

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

After two years of decline, the MENA's acid and mordant dye market increased by 19% to $X in 2021. In general, consumption, however, saw a slight decrease. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

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

In value terms, acid and mordant dye production soared to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 20% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports in MENA

In 2021, approx. X tons of acid and mordant dyes and preparations based thereon were exported in MENA; rising by 108% on the year before. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, acid and mordant dye exports skyrocketed to $X in 2021. Overall, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was near 74% of total exports in 2021. Morocco (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons) and Israel (X tons). All these countries together held approx. 21% share of total exports. Iran (X tons) held a little share of total exports.

Exports from Turkey increased at an average annual rate of +6.1% from 2012 to 2021. At the same time, Israel (+82.3%), Iran (+54.9%) and the United Arab Emirates (+47.8%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +82.3% from 2012-2021. Morocco experienced a relatively flat trend pattern. While the share of the United Arab Emirates (+6 p.p.), Israel (+4.9 p.p.) and Iran (+3.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Morocco (-7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest acid and mordant dye supplier in MENA, comprising 81% of total exports. The second position in the ranking was taken by Morocco ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 2.5% share.

In Turkey, acid and mordant dye exports expanded at an average annual rate of +15.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (+1.3% per year) and the United Arab Emirates (+29.7% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, rising by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.8%. The growth pace was the most rapid in 2014 when the export price increased by 36%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: among the top suppliers, the country with the highest price was Morocco ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports in MENA

In 2021, approx. X tons of acid and mordant dyes and preparations based thereon were imported in MENA; picking up by 22% against 2020. In general, imports, however, showed a mild slump. The pace of growth was the most pronounced in 2014 with an increase of 29% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, acid and mordant dye imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Turkey prevails in imports structure, accounting for X tons, which was near 69% of total imports in 2021. It was distantly followed by Egypt (X tons) and Iran (X tons), together mixing up a 12% share of total imports. Morocco (X tons), the United Arab Emirates (X tons), Tunisia (X tons) and Djibouti (X tons) took a little share of total imports.

Imports into Turkey increased at an average annual rate of +1.0% from 2012 to 2021. At the same time, the United Arab Emirates (+5.0%) and Morocco (+2.9%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +5.0% from 2012-2021. Tunisia experienced a relatively flat trend pattern. By contrast, Iran (-2.3%), Djibouti (-4.6%) and Egypt (-12.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey increased by +16 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported acid and mordant dyes and preparations based thereon in MENA, comprising 66% of total imports. The second position in the ranking was taken by Egypt ($X), with an 8.5% share of total imports. It was followed by Iran, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +1.7%. In the other countries, the average annual rates were as follows: Egypt (-6.6% per year) and Iran (+1.6% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, increasing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, among the top importers, the country with the highest price was Egypt ($X per ton), while Djibouti ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform