Switzerland: Basic Dye Market 2024

Basic Dye Market Size in Switzerland

The Swiss basic dye market surged to $X in 2021, rising by 67% against the previous year. In general, consumption saw a strong increase. Basic dye consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Basic Dye Production in Switzerland

In value terms, basic dye production surged to $X in 2021 estimated in export price. In general, production recorded a strong increase. Basic dye production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Basic Dye Exports

Exports from Switzerland

In 2021, approx. X tons of basic dyes and preparations based thereon were exported from Switzerland; growing by 3.8% on 2020 figures. In general, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 30%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, basic dye exports totaled $X in 2021. Over the period under review, exports showed a noticeable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 65% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X tons), Austria (X tons) and Honduras (X tons) were the main destinations of basic dye exports from Switzerland, with a combined 63% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (with a CAGR of +128.4%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Austria ($X) and Honduras ($X) constituted the largest markets for basic dye exported from Switzerland worldwide, with a combined 43% share of total exports. These countries were followed by Belarus, Italy, Germany, India, Bangladesh, the UK, Morocco and France, which together accounted for a further 30%.

Among the main countries of destination, Bangladesh, with a CAGR of +259.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average basic dye export price amounted to $X per ton, waning by -2.6% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 62% against the previous year. The export price peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to India ($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 the UK (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into Switzerland

For the third consecutive year, Switzerland recorded growth in purchases abroad of basic dyes and preparations based thereon, which increased by 40% to X tons in 2021. Overall, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by 62%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, basic dye imports rose sharply to $X in 2021. In general, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.2% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 34% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Spain (X tons) constituted the largest basic dye supplier to Switzerland, with a 65% share of total imports. Moreover, basic dye imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. India (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +52.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.7% per year) and India (+6.3% per year).

In value terms, China ($X), India ($X) and Spain ($X) appeared to be the largest basic dye suppliers to Switzerland, together comprising 90% of total imports.

Spain, with a CAGR of +37.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average basic dye import price amounted to $X per ton, reducing by -24.3% against the previous year. Overall, the import price recorded a perceptible setback. The pace of growth appeared the most rapid in 2018 an increase of 23%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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