Portugal: Basic Dye Market 2024

Basic Dye Market Size in Portugal

In 2021, the Portuguese basic dye market decreased by -57.9% to $X, falling for the fourth consecutive year after four years of growth. In general, consumption saw a abrupt slump. Basic dye consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Basic Dye Production in Portugal

In value terms, basic dye production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. Basic dye production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Basic Dye Exports

Exports from Portugal

In 2021, shipments abroad of basic dyes and preparations based thereon increased by 546% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, showed a mild reduction. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, basic dye exports skyrocketed to $X in 2021. Overall, exports showed a pronounced increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for basic dye exports from Portugal, accounting for a 82% share of total exports. Moreover, basic dye exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), sevenfold. Germany (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +119.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-20.2% per year) and Germany (-0.3% per year).

In value terms, Spain ($X) emerged as the key foreign market for basic dyes and preparations based thereon exports from Portugal, comprising 84% of total exports. The second position in the ranking was taken by Angola ($X), with an 8.4% share of total exports. It was followed by Germany, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +122.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-19.3% per year) and Germany (+0.6% per year).

Export Prices by Country

The average basic dye export price stood at $X per ton in 2021, increasing by 31% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 71%. As a result, the export price reached the peak level of $X per ton. From 2018 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, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Cabo Verde ($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 Morocco (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into Portugal

In 2021, overseas purchases of basic dyes and preparations based thereon decreased by -23.5% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 20% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, basic dye imports shrank dramatically to $X in 2021. Over the period under review, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of 35% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of basic dye imports to Portugal, with a combined 79% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +131.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest basic dye suppliers to Portugal were Germany ($X), Spain ($X) and Turkey ($X), with a combined 81% share of total imports.

Turkey, with a CAGR of +128.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average basic dye import price amounted to $X per ton, falling by -6.4% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2021: its price 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. Based on 2021 figures, basic dye import price increased by +68.2% against 2013 indices. The growth pace was the most rapid in 2018 an increase of 29% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :