Sri Lanka: Disperse Dye Market 2024

Disperse Dye Market Size in Sri Lanka

In 2021, the Sri Lankan disperse dye market decreased by -56.9% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, recorded a notable increase. Disperse dye consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Disperse Dye Exports

Exports from Sri Lanka

Disperse dye exports from Sri Lanka skyrocketed to X tons in 2021, growing by 168% on the year before. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 970% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, disperse dye exports soared to $X in 2021. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 914%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Bangladesh (X tons) was the main destination for disperse dye exports from Sri Lanka, with a 91% share of total exports. Moreover, disperse dye exports to Bangladesh exceeded the volume sent to the second major destination, India (X tons), more than tenfold. The third position in this ranking was held by Singapore (X tons), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh stood at +120.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+47.1% per year) and Singapore (+78.0% per year).

In value terms, Bangladesh ($X) emerged as the key foreign market for disperse dyes and preparations based thereon exports from Sri Lanka, comprising 60% of total exports. The second position in the ranking was held by India ($X), with a 16% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh totaled +93.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+50.4% per year) and China (0.0% per year).

Export Prices by Country

The average disperse dye export price stood at $X per ton in 2021, declining by -30.1% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by 74%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Bangladesh ($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 Indonesia (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Disperse Dye Imports

Imports into Sri Lanka

In 2021, supplies from abroad of disperse dyes and preparations based thereon decreased by -44.6% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, continue to indicate tangible growth. The pace of growth was the most pronounced in 2018 with an increase of 81%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, disperse dye imports reduced sharply to $X in 2021. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 76% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest disperse dye supplier to Sri Lanka, with a 57% share of total imports. Moreover, disperse dye imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. India (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+10.5% per year) and India (-3.2% per year).

In value terms, China ($X) constituted the largest supplier of disperse dyes and preparations based thereon to Sri Lanka, comprising 59% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 17% share of total imports. It was followed by Turkey, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+13.7% per year) and Turkey (+40.0% per year).

Import Prices by Country

The average disperse dye import price stood at $X per ton in 2021, shrinking by -4.5% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, disperse dye import price increased by +54.1% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 29%. As a result, import price reached the peak level of $X per ton, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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