Turkey: Basic Dye Market 2024

Basic Dye Market Size in Turkey

The Turkish basic dye market reduced sharply to $X in 2021, waning by -63.9% against the previous year. In general, consumption recorded a abrupt setback. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Basic Dye Production in Turkey

In value terms, basic dye production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt setback. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Basic Dye Exports

Exports from Turkey

In 2021, shipments abroad of basic dyes and preparations based thereon increased by 79% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, basic dye exports surged to $X in 2021. Overall, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X tons), Russia (X tons) and Iran (X tons) were the main destinations of basic dye exports from Turkey, together accounting for 65% of total exports. Kuwait, Mexico, Qatar, Thailand, Iraq, Portugal, Azerbaijan, Israel, Brazil and Algeria lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +146.1%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Egypt ($X) and Mexico ($X) constituted the largest markets for basic dye exported from Turkey worldwide, together comprising 65% of total exports. Thailand, Iran, Portugal, Brazil, Iraq, Kuwait, Qatar, Azerbaijan, Israel and Algeria lagged somewhat behind, together accounting for a further 25%.

Portugal, with a CAGR of +146.9%, saw the highest rates of growth with regard to the value of exports, among 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

The average basic dye export price stood at $X per ton in 2021, picking up by 2.8% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, basic dye export price increased by +77.8% against 2013 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Israel ($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 Algeria (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into Turkey

In 2021, approx. X tons of basic dyes and preparations based thereon were imported into Turkey; increasing by 5.7% against 2020 figures. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, basic dye imports dropped to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest basic dye supplier to Turkey, accounting for a 66% share of total imports. Moreover, basic dye imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+28.6% per year) and Spain (+1.7% per year).

In value terms, China ($X) constituted the largest supplier of basic dyes and preparations based thereon to Turkey, comprising 67% of total imports. The second position in the ranking was taken by India ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+31.0% per year) and Taiwan (Chinese) (+3.1% per year).

Import Prices by Country

The average basic dye import price stood at $X per ton in 2021, with a decrease of -19.6% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, basic dye import price decreased by -19.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 38%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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