Portugal: Direct Dye Market 2024

Direct Dye Market Size in Portugal

The Portuguese direct dye market totaled $X in 2021, surging by 9.5% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Direct dye consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Direct Dye Production in Portugal

In value terms, direct dye production dropped to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 36% against the previous year. Direct dye production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Direct Dye Exports

Exports from Portugal

In 2021, after three years of growth, there was significant decline in overseas shipments of direct dyes and preparations based thereon, when their volume decreased by -71.9% to X tons. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by 437% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then shrank remarkably in the following year.

In value terms, direct dye exports declined notably to $X in 2021. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 516% against the previous year. The exports peaked at $X in 2020, and then declined sharply in the following year.

Exports by Country

Spain (X tons), Morocco (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of direct dye exports from Portugal, with a combined 88% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +59.3%), while the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) emerged as the key foreign market for direct dyes and preparations based thereon exports from Portugal, comprising 62% of total exports. The second position in the ranking was taken by Morocco ($X), with a 23% share of total exports. It was followed by France, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +58.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+26.2% per year) and France (-78.8% per year).

Export Prices by Country

The average direct dye export price stood at $X per ton in 2021, shrinking by -9% against the previous year. In general, the export price saw a perceptible decline. The growth pace was the most rapid in 2019 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Democratic Republic of the Congo (+23.2%), while the prices for the other major destinations experienced mixed trend patterns.

Direct Dye Imports

Imports into Portugal

In 2021, the amount of direct dyes and preparations based thereon imported into Portugal surged to X tons, increasing by 43% on the year before. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.0% 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 -22.8% against 2019 indices. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, direct dye imports skyrocketed to $X in 2021. In general, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.9% 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 -21.5% against 2019 indices. The growth pace was the most rapid in 2018 when imports increased by 52%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of direct dye to Portugal, with a 39% share of total imports. Moreover, direct dye imports from the Netherlands exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+57.3% per year) and Italy (+19.1% per year).

In value terms, the Netherlands ($X), Italy ($X) and India ($X) were the largest direct dye suppliers to Portugal, together comprising 72% of total imports. Spain, Germany, Poland, Austria, Belgium and the UK lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, Austria, with a CAGR of +116.8%, recorded the highest growth rate of the value of imports, 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 direct dye import price amounted to $X per ton, falling by -10.9% against the previous year. Over the period under review, the import price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 14% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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