Southern Asia: Direct Dye Market 2024

Direct Dye Market Size in Southern Asia

In 2021, the South Asian direct dye market decreased by -21.4% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a mild descent. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Direct Dye Production in Southern Asia

In value terms, direct dye production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 18%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Direct Dye Exports

Exports in Southern Asia

In 2021, the amount of direct dyes and preparations based thereon exported in Southern Asia soared to X tons, picking up by 18% on 2020 figures. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +9.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +125.3% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of 23%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, direct dye exports soared to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 38%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, India (X tons) was the key exporter of direct dyes and preparations based thereon in Southern Asia, creating 100% of total export.

India was also the fastest-growing in terms of the direct dyes and preparations based thereon exports, with a CAGR of +9.5% 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 direct dye supplier in Southern Asia.

In India, direct dye exports expanded at an average annual rate of +7.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, growing by 4.2% against the previous year. In general, the export price, however, showed a mild setback. The most prominent rate of growth was recorded in 2014 when the export price increased by 20% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

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 -1.7% per year.

Direct Dye Imports

Imports in Southern Asia

In 2021, after five years of decline, there was significant growth in overseas purchases of direct dyes and preparations based thereon, when their volume increased by 39% to X tons. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, direct dye imports surged to $X in 2021. The total import value 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 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, Bangladesh (X tons) represented the largest importer of direct dyes and preparations based thereon, achieving 65% of total imports. It was distantly followed by Pakistan (X tons), committing a 29% share of total imports. India (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the direct dyes and preparations based thereon imports, with a CAGR of +8.1% from 2012 to 2021. Pakistan (-1.2%), Sri Lanka (-1.9%) and India (-14.9%) illustrated a downward trend over the same period. Bangladesh (+25 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and India saw its share reduced by -11.2% and -13.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest direct dye importing markets in Southern Asia were Bangladesh ($X), Pakistan ($X) and India ($X), with a combined 96% share of total imports.

In terms of the main importing countries, Pakistan, with a CAGR of +8.1%, saw the highest rates of growth with regard to the value of imports, 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, surging by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+9.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :