Middle East: Basic Dye Market 2024

Basic Dye Market Size in the Middle East

The Middle Eastern basic dye market contracted remarkably to $X in 2021, declining by -25.3% against the previous year. Over the period under review, consumption recorded a pronounced setback. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Basic Dye Production in the Middle East

In value terms, basic dye production skyrocketed to $X in 2021 estimated in export price. Overall, production saw prominent growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 202% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Basic Dye Exports

Exports in the Middle East

For the fifth year in a row, the Middle East recorded growth in overseas shipments of basic dyes and preparations based thereon, which increased by 78% to X tons in 2021. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, basic dye exports soared to $X in 2021. In general, exports posted prominent 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, amounting to X tons, which was approx. 94% of total exports in 2021. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to basic dye exports from Turkey stood at +13.2%. At the same time, the United Arab Emirates (+28.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +28.7% from 2012-2021. Turkey (+12 p.p.) and the United Arab Emirates (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest basic dye supplier in the Middle East, comprising 95% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 3.5% share of total exports.

In Turkey, basic dye exports increased at an average annual rate of +18.1% over the period from 2012-2021.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, with an increase of 2.3% against the previous year. Export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, basic dye export price increased by +76.6% against 2013 indices. The pace of growth appeared the most rapid in 2017 an increase of 25% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.4%).

Basic Dye Imports

Imports in the Middle East

In 2021, supplies from abroad of basic dyes and preparations based thereon increased by 18% to X tons, rising for the second year in a row after five years of decline. Over the period under review, imports, however, showed a mild shrinkage. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, basic dye imports dropped slightly to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 9.8% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2021, Turkey (X tons) represented the main importer of basic dyes and preparations based thereon, creating 68% of total imports. It was distantly followed by Iran (X tons) and the United Arab Emirates (X tons), together generating a 21% share of total imports. Kuwait (X tons) took a little share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of basic dyes and preparations based thereon. At the same time, the United Arab Emirates (+29.8%) and Kuwait (+21.2%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +29.8% from 2012-2021. By contrast, Iran (-5.5%) illustrated a downward trend over the same period. The United Arab Emirates (+7.5 p.p.), Turkey (+6.7 p.p.) and Kuwait (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by -6.4% from 2012 to 2021, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported basic dyes and preparations based thereon in the Middle East, comprising 70% of total imports. The second position in the ranking was taken by Iran ($X), with a 16% share of total imports. It was followed by the United Arab Emirates, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +2.7%. In the other countries, the average annual rates were as follows: Iran (-0.1% per year) and the United Arab Emirates (+40.6% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, reducing by -19.4% against the previous year. Import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, basic dye import price decreased by -21.7% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 35%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Iran ($X per ton), while Kuwait ($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 Arab Emirates (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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