Philippines: Disperse Dye Market 2025

Disperse Dye Market Size in the Philippines

The Philippine disperse dye market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Disperse Dye Exports

Exports from the Philippines

In 2021, disperse dye exports from the Philippines skyrocketed to X tons, rising by 59% compared with 2020. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 6,691% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, disperse dye exports soared to $X in 2021. Over the period under review, exports posted a measured expansion. The pace of growth was the most pronounced in 2014 with an increase of 12,282%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for disperse dye exports from the Philippines, with a 81% share of total exports. Moreover, disperse dye exports to Thailand exceeded the volume sent to the second major destination, the United States (X kg), fivefold. The third position in this ranking was taken by Japan (X kg), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand totaled +106.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Japan (0.0% per year).

In value terms, the largest markets for disperse dye exported from the Philippines were Thailand ($X), Japan ($X) and the United States ($X), together comprising 100% of total exports.

Thailand, with a CAGR of +103.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average disperse dye export price amounted to $X per ton, increasing by 13% against the previous year. Overall, the export price posted buoyant growth. The growth pace was the most rapid in 2016 when the average export price increased by 89%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+45.7%), while the prices for the other major destinations experienced a decline.

Disperse Dye Imports

Imports into the Philippines

In 2021, overseas purchases of disperse dyes and preparations based thereon were finally on the rise to reach X tons after two years of decline. In general, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, disperse dye imports dropped sharply to $X in 2021. Over the period under review, imports, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 117% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest disperse dye supplier to the Philippines, with a 75% share of total imports. Moreover, disperse dye imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was taken by Indonesia (X tons), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-12.9% per year) and Indonesia (+3.7% per year).

In value terms, China ($X), Indonesia ($X) and Singapore ($X) were the largest disperse dye suppliers to the Philippines, with a combined 75% share of total imports.

In terms of the main suppliers, Indonesia, with a CAGR of +25.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average disperse dye import price stood at $X per ton in 2021, shrinking by -40.3% against the previous year. In general, the import price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 99% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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