Northern America: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Northern America

In 2021, the North American acid and mordant dye market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. In general, consumption, however, saw a mild slump. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Acid And Mordant Dyes And Preparations Based Thereon in Northern America

In value terms, acid and mordant dye production shrank modestly to $X in 2021 estimated in export price. In general, production recorded a mild decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by 8.3% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports in Northern America

After three years of growth, shipments abroad of acid and mordant dyes and preparations based thereon decreased by -7.1% to X tons in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 24% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, acid and mordant dye exports totaled $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when exports increased by 19% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United States represented the major exporter of acid and mordant dyes and preparations based thereon in Northern America, with the volume of exports recording X tons, which was near 88% of total exports in 2021. It was distantly followed by Canada (X tons), comprising a 12% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to acid and mordant dye exports from the United States stood at -2.0%. At the same time, Canada (+26.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +26.8% from 2012-2021. From 2012 to 2021, the share of Canada increased by +11 percentage points.

In value terms, the United States ($X) remains the largest acid and mordant dye supplier in Northern America, comprising 92% of total exports. The second position in the ranking was taken by Canada ($X), with an 8.1% share of total exports.

In the United States, acid and mordant dye exports expanded at an average annual rate of +2.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, jumping by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2015 an increase of 26%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, among the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.6%).

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports in Northern America

In 2021, overseas purchases of acid and mordant 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. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, acid and mordant dye imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States prevails in imports structure, amounting to X tons, which was approx. 92% of total imports in 2021. It was distantly followed by Canada (X tons), creating an 8.1% share of total imports.

The United States was also the fastest-growing in terms of the acid and mordant dyes and preparations based thereon imports, with a CAGR of +2.6% from 2012 to 2021. At the same time, Canada (+2.5%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported acid and mordant dyes and preparations based thereon in Northern America, comprising 86% of total imports. The second position in the ranking was taken by Canada ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +3.2%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, picking up by 14% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. 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 Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.6%).

Source: IndexBox Platform

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