Ukraine: Disperse Dye Market 2024

Disperse Dye Market Size in Ukraine

In 2021, the Ukrainian disperse dye market was finally on the rise to reach $X after four years of decline. Overall, consumption, however, showed a drastic downturn. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Disperse Dye Production in Ukraine

In value terms, disperse dye production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 43%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Disperse Dye Exports

Exports from Ukraine

In 2021, shipments abroad of disperse dyes and preparations based thereon increased by 5.5% to X tons, rising for the second consecutive year after three years of decline. In general, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by 499% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, disperse dye exports contracted notably to $X in 2021. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 530%. The exports peaked at $X in 2020, and then dropped notably in the following year.

Exports by Country

Egypt (X tons) was the main destination for disperse dye exports from Ukraine, accounting for a 75% share of total exports. Moreover, disperse dye exports to Egypt exceeded the volume sent to the second major destination, Uzbekistan (X kg), ninefold. Iraq (X kg) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt amounted to +25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-16.3% per year) and Iraq (+31.6% per year).

In value terms, Egypt ($X) remains the key foreign market for disperse dyes and preparations based thereon exports from Ukraine, comprising 53% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 22% share of total exports. It was followed by Sudan, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Egypt stood at +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+8.4% per year) and Sudan (-4.9% per year).

Export Prices by Country

The average disperse dye export price stood at $X per ton in 2021, falling by -34% against the previous year. Over the period under review, the export price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of 41% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Egypt ($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 Uzbekistan (+29.6%), while the prices for the other major destinations experienced mixed trend patterns.

Disperse Dye Imports

Imports into Ukraine

In 2021, the amount of disperse dyes and preparations based thereon imported into Ukraine soared to X tons, with an increase of 163% compared with the year before. Overall, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, disperse dye imports skyrocketed to $X in 2021. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 77% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Brazil (X tons), India (X tons) and China (X tons) were the main suppliers of disperse dye imports to Ukraine, with a combined 56% share of total imports. Switzerland, Germany, Turkey, Italy, Belgium, Austria, Russia, Spain and Slovakia lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +33.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest disperse dye suppliers to Ukraine were Belgium ($X), Switzerland ($X) and India ($X), with a combined 48% share of total imports.

Switzerland, with a CAGR of +31.9%, saw the highest growth rate of 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

The average disperse dye import price stood at $X per ton in 2021, reducing by -44.3% against the previous year. Overall, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, disperse dye import price decreased by -44.4% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 32%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 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 Belgium ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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