Southern Asia: Basic Dye Market 2024

Basic Dye Market Size in Southern Asia

The South Asian basic dye market shrank to $X in 2021, declining by -9.7% against the previous year. In general, consumption continues to indicate a slight decline. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Basic Dye Production in Southern Asia

In value terms, basic dye production totaled $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.3% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 17% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Basic Dye Exports

Exports in Southern Asia

In 2021, approx. X tons of basic dyes and preparations based thereon were exported in Southern Asia; picking up by 8.1% on the previous year's figure. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2016 when exports increased by 20% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, basic dye exports soared to $X in 2021. Over the period under review, exports showed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 32% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The shipments of the one major exporters of basic dyes and preparations based thereon, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the basic dyes and preparations based thereon exports, with a CAGR of +9.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest basic dye supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India amounted to +13.4%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, increasing by 8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2018 an increase of 12%. The level of export peaked in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +3.9% per year.

Basic Dye Imports

Imports in Southern Asia

In 2021, the amount of basic dyes and preparations based thereon imported in Southern Asia contracted remarkably to X tons, with a decrease of -15.9% compared with the previous year's figure. In general, imports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 15%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, basic dye imports rose slightly to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Bangladesh (X tons) and Pakistan (X tons) were the key importers of basic dyes and preparations based thereon in Southern Asia, together achieving 73% of total imports. It was distantly followed by India (X tons), comprising a 22% share of total imports. Nepal (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal (with a CAGR of +26.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest basic dye importing markets in Southern Asia were India ($X), Bangladesh ($X) and Pakistan ($X), with a combined 96% share of total imports. Sri Lanka and Nepal lagged somewhat behind, together comprising a further 4.1%.

Nepal, with a CAGR of +35.5%, saw the highest growth rate of the value of imports, in terms of 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

In 2021, the import price in Southern Asia amounted to $X per ton, rising by 22% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, basic dye import price increased by +81.9% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of 27% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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