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

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

The Singaporean acid and mordant dye market soared to $X in 2021, increasing by 525% against the previous year. In general, consumption saw significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Acid And Mordant Dyes And Preparations Based Thereon in Singapore

In value terms, acid and mordant dye production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Singapore

In 2021, overseas shipments of acid and mordant dyes and preparations based thereon decreased by -14.9% to X tons, falling for the sixth year in a row after four years of growth. In general, exports recorded a deep contraction. The growth pace was the most rapid in 2014 when exports increased by 16%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, acid and mordant dye exports fell remarkably to $X in 2021. Over the period under review, exports saw a noticeable slump. The growth pace was the most rapid in 2014 when exports increased by 47% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main destinations of acid and mordant dye exports from Singapore, together accounting for 29% of total exports. These countries were followed by Pakistan, Thailand, Japan, Malaysia, Indonesia, Bangladesh, Sri Lanka, Brazil, Hong Kong SAR and the United States, which together accounted for a further 53%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +3.6%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the largest markets for acid and mordant dye exported from Singapore worldwide, with a combined 33% share of total exports. These countries were followed by Thailand, China, Bangladesh, Sri Lanka, Indonesia, Malaysia, Pakistan, the United States, Hong Kong SAR and Brazil, which together accounted for a further 46%.

Bangladesh, with a CAGR of +9.0%, saw the highest growth rate of 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

In 2021, the average acid and mordant dye export price amounted to $X per ton, dropping by -3.3% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2014 when the average export price increased by 27%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, among the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Pakistan ($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 Vietnam (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Singapore

In 2021, supplies from abroad of acid and mordant dyes and preparations based thereon increased by 98% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +102.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, acid and mordant dye imports soared to $X in 2021. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 increased by +88.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons), India (X tons) and Thailand (X tons) were the main suppliers of acid and mordant dye imports to Singapore, with a combined 86% share of total imports. The United States, Germany, Turkey, China and Japan lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +345.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of acid and mordant dyes and preparations based thereon to Singapore, comprising 53% of total imports. The second position in the ranking was taken by India ($X), with a 17% share of total imports. It was followed by the United States, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia stood at +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.7% per year) and the United States (+8.0% per year).

Import Prices by Country

In 2021, the average acid and mordant dye import price amounted to $X per ton, which is down by -4.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 20%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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