Thailand: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Thailand

In 2021, the Thai acid and mordant dye market decreased by -14.3% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption saw a pronounced descent. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Acid And Mordant Dyes And Preparations Based Thereon in Thailand

In value terms, acid and mordant dye production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Thailand

In 2021, overseas shipments of acid and mordant dyes and preparations based thereon increased by 28% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% 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 +49.8% against 2019 indices. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, acid and mordant dye exports soared to $X in 2021. The total export value increased at an average annual rate of +2.2% 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, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for acid and mordant dye exports from Thailand, accounting for a 36% share of total exports. Moreover, acid and mordant dye exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. Japan (X tons) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+14.0% per year) and Japan (+25.7% per year).

In value terms, China ($X) remains the key foreign market for acid and mordant dyes and preparations based thereon exports from Thailand, comprising 39% of total exports. The second position in the ranking was held by Vietnam ($X), with a 9.5% share of total exports. It was followed by the United States, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+13.7% per year) and the United States (-2.2% per year).

Export Prices by Country

In 2021, the average acid and mordant dye export price amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the export price, however, saw a slight downturn. The growth pace was the most rapid in 2019 an increase of 36%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($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 Germany (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Thailand

In 2021, overseas purchases of acid and mordant dyes and preparations based thereon increased by 51% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, acid and mordant dye imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest acid and mordant dye supplier to Thailand, with a 58% share of total imports. Moreover, acid and mordant dye imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Greece (X tons), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.5% per year) and Greece (+13.4% per year).

In value terms, India ($X) constituted the largest supplier of acid and mordant dyes and preparations based thereon to Thailand, comprising 46% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Mexico, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.8% per year) and Mexico (+6.7% per year).

Import Prices by Country

In 2021, the average acid and mordant dye import price amounted to $X per ton, which is down by -3.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 18%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: among the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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