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

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

In 2021, after two years of decline, there was significant growth in the Turkish acid and mordant dye market, when its value increased by 23% to $X. Over the period under review, consumption, however, continues to indicate a perceptible setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

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

In value terms, acid and mordant dye production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a deep downturn. Acid and mordant dye production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Turkey

In 2021, the amount of acid and mordant dyes and preparations based thereon exported from Turkey skyrocketed to X tons, picking up by 173% against the previous year. Over the period under review, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, acid and mordant dye exports skyrocketed to $X in 2021. In general, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X tons) was the main destination for acid and mordant dye exports from Turkey, with a 25% share of total exports. Moreover, acid and mordant dye exports to Iran exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. The third position in this ranking was held by Egypt (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran stood at +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+9.3% per year) and Egypt (+22.1% per year).

In value terms, the largest markets for acid and mordant dye exported from Turkey were Iran ($X), Egypt ($X) and Uzbekistan ($X), with a combined 48% share of total exports. These countries were followed by Turkmenistan, Azerbaijan, China, Germany, Pakistan, Russia, Ukraine, Iraq and Bangladesh, which together accounted for a further 35%.

Turkmenistan, with a CAGR of +74.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 acid and mordant dye export price amounted to $X per ton, surging by 8.4% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acid and mordant dye export price increased by +32.0% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 33% against the previous year. The export price peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major export markets. In 2021, among the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Iraq ($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 Free Zones (+31.7%), 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 Turkey

In 2021, acid and mordant dye imports into Turkey skyrocketed to X tons, growing by 23% compared with 2020. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Imports peaked at X tons in 2013; afterwards, it flattened through to 2021.

In value terms, acid and mordant dye imports surged to $X in 2021. Over the period under review, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest acid and mordant dye supplier to Turkey, accounting for a 70% share of total imports. Moreover, acid and mordant dye imports from India exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold. China (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.2% per year) and China (-2.4% per year).

In value terms, India ($X) constituted the largest supplier of acid and mordant dyes and preparations based thereon to Turkey, comprising 53% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.6% per year) and China (+5.0% per year).

Import Prices by Country

In 2021, the average acid and mordant dye import price amounted to $X per ton, surging by 13% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, among the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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