MENA: Disperse Dye Market 2024

Disperse Dye Market Size in MENA

In 2021, after two years of decline, there was significant growth in the MENA's disperse dye market, when its value increased by 8.4% to $X. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Disperse Dye Production in MENA

In value terms, disperse dye production expanded notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate mild growth. The most prominent rate of growth was recorded in 2016 with an increase of 37%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Disperse Dye Exports

Exports in MENA

In 2021, overseas shipments of disperse dyes and preparations based thereon were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 41% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, disperse dye exports soared to $X in 2021. Over the period under review, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) represented the largest exporter of disperse dyes and preparations based thereon, constituting 54% of total exports. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons) and Iran (X tons), together comprising a 41% share of total exports. Kuwait (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to disperse dye exports from Turkey stood at +18.3%. At the same time, Iran (+78.9%), Kuwait (+18.0%) and the United Arab Emirates (+2.8%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of +78.9% from 2012-2021. By contrast, Saudi Arabia (-10.2%) illustrated a downward trend over the same period. Turkey (+35 p.p.), Iran (+11 p.p.) and Kuwait (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Saudi Arabia saw its share reduced by -4.4% and -37.3% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest disperse dye supplier in MENA, comprising 83% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 7.7% share of total exports. It was followed by the United Arab Emirates, with a 4.9% share.

In Turkey, disperse dye exports expanded at an average annual rate of +27.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (-0.8% per year) and the United Arab Emirates (+2.8% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, picking up by 50% against the previous year. Over the period under review, the export price saw strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+10.5%), while the other leaders experienced more modest paces of growth.

Disperse Dye Imports

Imports in MENA

In 2021, the amount of disperse dyes and preparations based thereon imported in MENA expanded significantly to X tons, growing by 7.6% on 2020. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 28%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, disperse dye imports surged to $X in 2021. Total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 -14.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 28%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Turkey prevails in imports structure, recording X tons, which was approx. 68% of total imports in 2021. Iran (X tons) held the second position in the ranking, followed by Egypt (X tons). All these countries together held approx. 13% share of total imports. The following importers - the United Arab Emirates (X tons), Oman (X tons), Syrian Arab Republic (X tons) and Morocco (X tons) - together made up 14% of total imports.

Imports into Turkey increased at an average annual rate of +6.8% from 2012 to 2021. At the same time, Oman (+17.3%), Morocco (+9.0%) and the United Arab Emirates (+1.2%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in MENA, with a CAGR of +17.3% from 2012-2021. By contrast, Egypt (-7.1%), Iran (-9.1%) and Syrian Arab Republic (-10.2%) illustrated a downward trend over the same period. Turkey (+29 p.p.), Oman (+2.7 p.p.) and Morocco (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Syrian Arab Republic, Egypt and Iran saw its share reduced by -5.3%, -6.4% and -9.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported disperse dyes and preparations based thereon in MENA, comprising 66% of total imports. The second position in the ranking was taken by Egypt ($X), with a 15% share of total imports. It was followed by Iran, with a 5.6% share.

In Turkey, disperse dye imports increased at an average annual rate of +9.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Egypt (+5.2% per year) and Iran (-5.6% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, surging by 9.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2018 when the import price increased by 36%. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Oman ($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 (+13.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform