Scandinavia: Direct Dye Market 2024

Direct Dye Market Size in Scandinavia

In 2021, the Scandinavia direct dye market increased by 32% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Direct Dye Production in Scandinavia

In value terms, direct dye production rose markedly to $X in 2021 estimated in export price. Overall, production posted buoyant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 72%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Direct Dye Exports

Exports in Scandinavia

In 2021, overseas shipments of direct dyes and preparations based thereon were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of 45%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, direct dye exports expanded significantly to $X in 2021. In general, exports saw slight growth. The pace of growth appeared the most rapid in 2018 with an increase of 57%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden prevails in exports structure, accounting for X tons, which was near 94% of total exports in 2021. Finland (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the direct dyes and preparations based thereon exports, with a CAGR of +29.3% from 2012 to 2021. Finland (-30.4%) illustrated a downward trend over the same period. While the share of Sweden (+87 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Finland (-81 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest direct dye supplier in Scandinavia, comprising 92% of total exports. The second position in the ranking was held by Finland ($X), with a 4.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at +34.7%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, picking up by 6.8% against the previous year. In general, the export price recorded a tangible expansion. The pace of growth was the most pronounced in 2020 when the export price increased by 79% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+4.4%).

Direct Dye Imports

Imports in Scandinavia

In 2021, purchases abroad of direct dyes and preparations based thereon was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.0% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 51% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, direct dye imports surged to $X in 2021. Total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.6% 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 -25.2% against 2018 indices. The growth pace was the most rapid in 2014 when imports increased by 59%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Sweden was the key importer of direct dyes and preparations based thereon in Scandinavia, with the volume of imports reaching X tons, which was approx. 71% of total imports in 2021. Finland (X tons) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by Norway (8.3%). Denmark (X tons) followed a long way behind the leaders.

Imports into Sweden increased at an average annual rate of +3.8% from 2012 to 2021. At the same time, Norway (+25.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +25.6% from 2012-2021. By contrast, Denmark (-1.4%) and Finland (-2.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Norway and Sweden increased by +6.9 and +6.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported direct dyes and preparations based thereon in Scandinavia, comprising 67% of total imports. The second position in the ranking was taken by Finland ($X), with a 21% share of total imports. It was followed by Norway, with an 8.9% share.

In Sweden, direct dye imports expanded at an average annual rate of +2.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Finland (-1.2% per year) and Norway (+16.4% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, rising by 2.6% against the previous year. Overall, the import price, however, showed a slight decline. The pace of growth appeared the most rapid in 2014 an increase of 5% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Finland ($X per ton) and Norway ($X per ton), while Sweden ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform