South Africa: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in South Africa

The South African acid and mordant dye market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption posted a buoyant increase. Acid and mordant dye consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from South Africa

In 2021, shipments abroad of acid and mordant dyes and preparations based thereon decreased by -44.3% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports recorded a dramatic downturn. The growth pace was the most rapid in 2016 when exports increased by 18%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, acid and mordant dye exports dropped markedly to $X in 2021. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 when exports increased by 37% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Zimbabwe (X tons), Swaziland (X tons) and Botswana (X tons) were the main destinations of acid and mordant dye exports from South Africa, together accounting for 62% of total exports. Mozambique, Zambia, Pakistan, Mauritius and Namibia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +51.8%), while the other leaders experienced mixed trend patterns.

In value terms, Zimbabwe ($X), Swaziland ($X) and Zambia ($X) were the largest markets for acid and mordant dye exported from South Africa worldwide, with a combined 50% share of total exports. These countries were followed by Mozambique, Botswana, Pakistan, Mauritius and Namibia, which together accounted for a further 24%.

Pakistan, with a CAGR of +149.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average acid and mordant dye export price amounted to $X per ton, growing by 16% against the previous year. Overall, the export price saw a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 28% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Mauritius ($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 Pakistan (+64.2%), 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 South Africa

In 2021, overseas purchases of acid and mordant dyes and preparations based thereon increased by 66% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, acid and mordant dye imports surged to $X in 2021. The total import value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest acid and mordant dye supplier to South Africa, with a 61% share of total imports. Moreover, acid and mordant dye imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.7% per year) and the United States (+8.9% per year).

In value terms, India ($X) constituted the largest supplier of acid and mordant dyes and preparations based thereon to South Africa, comprising 49% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.4% share of total imports. It was followed by Italy, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.1% per year) and Italy (+13.2% per year).

Import Prices by Country

The average acid and mordant dye import price stood at $X per ton in 2021, rising by 2.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 9.8%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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