South-Eastern Asia: Direct Dye Market 2024

Direct Dye Market Size in South-Eastern Asia

The Southeast Asian direct dye market rose rapidly to $X in 2021, picking up by 8.3% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Direct Dye Production in South-Eastern Asia

In value terms, direct dye production dropped slightly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 29% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Direct Dye Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of direct dyes and preparations based thereon were exported in South-Eastern Asia; growing by 12% compared with the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, direct dye exports surged to $X in 2021. Overall, exports, however, recorded a slight descent. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) and Indonesia (X tons) prevails in exports structure, together constituting 90% of total exports. It was distantly followed by Singapore (X tons), making up a 6.2% share of total exports. Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Indonesia (with a CAGR of +40.3%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest direct dye supplier in South-Eastern Asia, comprising 62% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 21% share of total exports. It was followed by Singapore, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand stood at +3.1%. In the other countries, the average annual rates were as follows: Indonesia (+23.0% per year) and Singapore (-16.2% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, growing by 3.5% against the previous year. In general, the export price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 (+7.1%), while the other leaders experienced a decline in the export price figures.

Direct Dye Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of direct dyes and preparations based thereon increased by 17% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 23%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, direct dye imports surged to $X in 2021. The total import value increased at an average annual rate of +5.1% from 2012 to 2021; 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, Indonesia (X tons), distantly followed by Vietnam (X tons), the Philippines (X tons), Thailand (X tons), Malaysia (X tons) and Singapore (X tons) were the key importers of direct dyes and preparations based thereon, together mixing up 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest direct dye importing markets in South-Eastern Asia were Indonesia ($X), the Philippines ($X) and Vietnam ($X), with a combined 76% share of total imports.

The Philippines, with a CAGR of +37.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, picking up by 17% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2014 an increase of 24%. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, 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 the Philippines (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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