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

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

The Ukrainian acid and mordant dye market surged to $X in 2021, jumping by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Acid and mordant dye consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Ukraine

In 2021, the amount of acid and mordant dyes and preparations based thereon exported from Ukraine surged to X tons, rising by 279% compared with the previous year. Over the period under review, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 311% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, acid and mordant dye exports soared to $X in 2021. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X kg) was the main destination for acid and mordant dye exports from Ukraine, with a 70% share of total exports. Moreover, acid and mordant dye exports to Turkey exceeded the volume sent to the second major destination, Canada (X kg), fourfold. Russia (X kg) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+27.0% per year) and Russia (-34.9% per year).

In value terms, Turkey ($X) emerged as the key foreign market for acid and mordant dyes and preparations based thereon exports from Ukraine, comprising 42% of total exports. The second position in the ranking was taken by Canada ($X), with a 21% share of total exports. It was followed by Armenia, with a 20% share.

From 2012 to 2021, the average annual growth rate of value to Turkey amounted to +74.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+28.0% per year) and Armenia (0.0% per year).

Export Prices by Country

The average acid and mordant dye export price stood at $X per ton in 2021, surging by 108% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, among the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Poland ($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 Turkey (+86.8%), 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 Ukraine

In 2021, the amount of acid and mordant dyes and preparations based thereon imported into Ukraine surged to X tons, with an increase of 23% compared with the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, acid and mordant dye imports soared to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

India (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of acid and mordant dye imports to Ukraine, with a combined 85% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +38.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($X), Italy ($X) and Spain ($X) appeared to be the largest acid and mordant dye suppliers to Ukraine, together accounting for 79% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +33.7%, saw the highest growth rate of the value of imports, 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 acid and mordant dye import price amounted to $X per ton, surging by 6.1% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 8.1% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

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 ($X per ton), while the price for Austria ($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 (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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