Middle East: Disperse Dye Market 2024

Disperse Dye Market Size in the Middle East

In 2021, after two years of decline, there was significant growth in the Middle Eastern disperse dye market, when its value increased by 10% to $X. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Disperse Dye Production in the Middle East

In value terms, disperse dye production expanded significantly to $X in 2021 estimated in export price. In general, production recorded mild growth. The most prominent rate of growth was recorded in 2016 with an increase of 37% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Disperse Dye Exports

Exports in the Middle East

In 2021, after two years of decline, there was significant growth in shipments abroad of disperse dyes and preparations based thereon, when their volume increased by 25% to X tons. Total exports indicated a buoyant expansion 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 pace of growth appeared the most rapid in 2014 with an increase of 40%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, disperse dye exports soared to $X in 2021. In general, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) represented the major exporter of disperse dyes and preparations based thereon, making up 55% of total exports. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons) and Iran (X tons), together mixing up a 41% share of total exports. Kuwait (X tons) took a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of +18.3% from 2012 to 2021. 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 the Middle East, with a CAGR of +78.9% from 2012-2021. By contrast, Saudi Arabia (-10.2%) illustrated a downward trend over the same period. Turkey (+36 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 -4.6% and -38% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest disperse dye supplier in the Middle East, comprising 84% of total exports. The second position in the ranking was held by Saudi Arabia ($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 increased 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

In 2021, the export price in the Middle East amounted to $X per ton, jumping by 50% against the previous year. Overall, the export price saw a prominent increase. As a result, the export 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 exporting countries. In 2021, 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 the Middle East

Disperse dye imports stood at X tons in 2021, surging by 10% against 2020 figures. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 31% against the previous year. 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 skyrocketed to $X in 2021. Total imports indicated a moderate increase 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 -10.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 27%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey prevails in imports structure, recording X tons, which was approx. 78% of total imports in 2021. It was distantly followed by Iran (X tons) and the United Arab Emirates (X tons), together comprising a 13% share of total imports. The following importers - Oman (X tons) and Syrian Arab Republic (X tons) - each recorded a 7.6% share 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%) and the United Arab Emirates (+1.2%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +17.3% from 2012-2021. By contrast, Iran (-9.1%) and Syrian Arab Republic (-10.2%) illustrated a downward trend over the same period. Turkey (+29 p.p.) and Oman (+3 p.p.) significantly strengthened its position in terms of the total imports, while Syrian Arab Republic and Iran saw its share reduced by -6.9% and -12.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported disperse dyes and preparations based thereon in the Middle East, comprising 84% of total imports. The second position in the ranking was held by Iran ($X), with a 7.1% share of total imports. It was followed by the United Arab Emirates, with a 3.6% share.

In Turkey, disperse dye imports expanded 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: Iran (-5.6% per year) and the United Arab Emirates (+4.5% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, picking up by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2018 when the import price increased by 38% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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