Portugal: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Portugal

In 2021, the Portuguese acid and mordant dye market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.6% 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 reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Portugal

For the fourth year in a row, Portugal recorded growth in overseas shipments of acid and mordant dyes and preparations based thereon, which increased by 2.3% to X tons in 2021. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 182%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, acid and mordant dye exports dropped modestly to $X in 2021. Over the period under review, exports posted a strong expansion. The growth pace was the most rapid in 2018 with an increase of 138% against the previous year. The exports peaked at $X in 2020, and then dropped modestly in the following year.

Exports by Country

Germany (X tons) was the main destination for acid and mordant dye exports from Portugal, accounting for a 59% share of total exports. Moreover, acid and mordant dye exports to Germany exceeded the volume sent to the second major destination, Ghana (X tons), twofold. Spain (X tons) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +50.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+155.0% per year) and Spain (+12.3% per year).

In value terms, Germany ($X) remains the key foreign market for acid and mordant dyes and preparations based thereon exports from Portugal, comprising 64% of total exports. The second position in the ranking was held by Ghana ($X), with an 18% share of total exports. It was followed by Spain, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+169.6% per year) and Spain (+14.8% per year).

Export Prices by Country

In 2021, the average acid and mordant dye export price amounted to $X per ton, waning by -6.8% against the previous year. Over the period under review, the export price, however, posted a moderate increase. The growth pace was the most rapid in 2013 when the average export price increased by 141%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, among the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Ghana ($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 Ghana (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Portugal

In 2021, overseas purchases of acid and mordant dyes and preparations based thereon increased by 10% to 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 +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 33%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, acid and mordant dye imports surged to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 28% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Spain (X tons) and India (X tons) were the main suppliers of acid and mordant dye imports to Portugal, with a combined 77% share of total imports. The Netherlands, Germany and France lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +8.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Germany ($X) appeared to be the largest acid and mordant dye suppliers to Portugal, together accounting for 76% of total imports. These countries were followed by the Netherlands, India and France, which together accounted for a further 21%.

The Netherlands, with a CAGR of +14.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average acid and mordant dye import price amounted to $X per ton, with an increase of 8.7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 13%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, among the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($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 Netherlands (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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