United Arab Emirates: Basic Dye Market 2024

Basic Dye Market Size in the United Arab Emirates

The basic dye market in the United Arab Emirates soared to $X in 2021, with an increase of 21% against the previous year. Overall, consumption continues to indicate resilient growth. Basic dye consumption peaked in 2021 and is expected to retain growth in years to come.

Basic Dye Production in the United Arab Emirates

In value terms, basic dye production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production posted notable growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 283%. Basic dye production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Basic Dye Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of basic dyes and preparations based thereon increased by 98% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2015 with an increase of 700%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, basic dye exports soared to $X in 2021. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 1,283% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for basic dye exports from the United Arab Emirates, with a 79% share of total exports. Moreover, basic dye exports to Saudi Arabia exceeded the volume sent to the second major destination, South Africa (X tons), fivefold. Jordan (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia stood at +361.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+1.3% per year) and Jordan (-41.5% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for basic dyes and preparations based thereon exports from the United Arab Emirates, comprising 75% of total exports. The second position in the ranking was taken by South Africa ($X), with a 14% share of total exports. It was followed by Jordan, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia totaled +181.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+15.6% per year) and Jordan (-24.4% per year).

Export Prices by Country

The average basic dye export price stood at $X per ton in 2021, falling by -17.9% against the previous year. Overall, the export price, however, saw a buoyant increase. The growth pace was the most rapid in 2020 an increase of 102%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Oman ($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 Jordan (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded growth in overseas purchases of basic dyes and preparations based thereon, which increased by 65% to X tons in 2021. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 72%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, basic dye imports surged to $X in 2021. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of 210% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

India (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of basic dye imports to the United Arab Emirates, together accounting for 77% of total imports. Turkey, Saudi Arabia and South Korea lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +104.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), India ($X) and China ($X) constituted the largest basic dye suppliers to the United Arab Emirates, together comprising 89% of total imports. Turkey, South Korea and Saudi Arabia lagged somewhat behind, together accounting for a further 7.8%.

In terms of the main suppliers, South Korea, with a CAGR of +110.1%, 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

The average basic dye import price stood at $X per ton in 2021, with a decrease of -27.7% against the previous year. In general, the import price, however, recorded resilient growth. The pace of growth was the most pronounced in 2013 an increase of 82%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, 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 Taiwan (Chinese) ($X per ton), while the price for Saudi Arabia ($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 (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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