South-Eastern Asia: Market for Acid And Mordant Dyes And Preparations Based Thereon 2025

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in South-Eastern Asia

The Southeast Asian acid and mordant dye market soared to $X in 2021, picking up by 31% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Acid And Mordant Dyes And Preparations Based Thereon in South-Eastern Asia

In value terms, acid and mordant dye production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 34%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports in South-Eastern Asia

In 2021, shipments abroad of acid and mordant dyes and preparations based thereon was finally on the rise to reach X tons after three years of decline. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 14%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, acid and mordant dye exports reached $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 31%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Thailand (X tons) represented the key exporter of acid and mordant dyes and preparations based thereon, comprising 65% of total exports. Singapore (X tons) held the second position in the ranking, distantly followed by Malaysia (X tons) and Indonesia (X tons). All these countries together held near 34% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to acid and mordant dye exports from Thailand stood at +3.4%. At the same time, Malaysia (+24.0%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +24.0% from 2012-2021. By contrast, Indonesia (-3.5%) and Singapore (-7.1%) illustrated a downward trend over the same period. While the share of Thailand (+16 p.p.) and Malaysia (+5.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-2.5 p.p.) and Singapore (-20.3 p.p.) displayed negative dynamics.

In value terms, the largest acid and mordant dye supplying countries in South-Eastern Asia were Thailand ($X), Singapore ($X) and Indonesia ($X), together comprising 97% of total exports. These countries were followed by Malaysia, which accounted for a further 2.1%.

Malaysia, with a CAGR of +22.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, declining by -2.1% against the previous year. In general, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2014 when the export price increased by 18% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: among the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports in South-Eastern Asia

In 2021, purchases abroad of acid and mordant dyes and preparations based thereon increased by 42% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 surged to $X in 2021. The total import value increased at an average annual rate of +5.2% 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

The countries with the highest levels of acid and mordant dye imports in 2021 were Singapore (X tons), Vietnam (X tons), Thailand (X tons) and Indonesia (X tons), together amounting to 88% of total import. It was distantly followed by Malaysia (X tons), constituting a 7.6% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +10.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest acid and mordant dye importing markets in South-Eastern Asia were Singapore ($X), Vietnam ($X) and Thailand ($X), with a combined 73% share of total imports. Indonesia, Malaysia and the Philippines lagged somewhat behind, together accounting for a further 27%.

Indonesia, with a CAGR of +13.9%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, which is down by -1.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2014 when the import price increased by 16%. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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