Russian Federation: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in the Russian Federation

After two years of decline, the Russian acid and mordant dye market increased by 26% to $X in 2021. The market value increased at an average annual rate of +4.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Acid And Mordant Dyes And Preparations Based Thereon in the Russian Federation

In value terms, acid and mordant dye production rose slightly to $X in 2021 estimated in export price. In general, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 143% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from the Russian Federation

In 2021, shipments abroad of acid and mordant dyes and preparations based thereon increased by 9.4% to X tons, rising for the seventh year in a row after two years of decline. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of 50% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, acid and mordant dye exports rose to $X in 2021. In general, exports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2016 with an increase of 57%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Uzbekistan (X tons) were the main destinations of acid and mordant dye exports from Russia, together accounting for 88% of total exports. These countries were followed by Ukraine, Kyrgyzstan and Latvia, which together accounted for a further 8.6%.

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +108.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Kazakhstan ($X) and Uzbekistan ($X) constituted the largest markets for acid and mordant dye exported from Russia worldwide, together accounting for 88% of total exports. These countries were followed by Ukraine, Kyrgyzstan and Latvia, which together accounted for a further 7.7%.

Latvia, with a CAGR of +97.2%, saw 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

The average acid and mordant dye export price stood at $X per ton in 2021, falling by -5.9% against the previous year. In general, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, among the top suppliers, the countries with the highest prices were Kyrgyzstan ($X per ton) and Uzbekistan ($X per ton), while the average price for exports to Ukraine ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+1.2%), while the prices for the other major destinations experienced a decline.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into the Russian Federation

In 2021, supplies from abroad of acid and mordant dyes and preparations based thereon was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 20%. As a result, imports attained the peak of X tons; afterwards, it flattened through to 2021.

In value terms, acid and mordant dye imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.1% 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 30% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest acid and mordant dye supplier to Russia, accounting for a 62% share of total imports. Moreover, acid and mordant dye imports from India exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold. The third position in this ranking was held by Italy (X tons), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.4% per year) and Italy (+3.7% per year).

In value terms, India ($X) constituted the largest supplier of acid and mordant dyes and preparations based thereon to Russia, comprising 56% of total imports. The second position in the ranking was held by Italy ($X), with a 9% share of total imports. It was followed by Spain, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.0% per year) and Spain (+7.1% per year).

Import Prices by Country

The average acid and mordant dye import price stood at $X per ton in 2021, surging by 5.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2014 when the average import price increased by 25%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: among the top importers, the country with the highest price was Germany ($X per ton), while the price for Belarus ($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 (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :