United Kingdom: Basic Dye Market 2024

Basic Dye Market Size in the UK

The UK basic dye market reduced to $X in 2021, with a decrease of -11% against the previous year. Over the period under review, consumption, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2016 when the market value increased by 8.5% against the previous year. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Basic Dye Production in the UK

In value terms, basic dye production dropped to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +3.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 25%. Basic dye production peaked at $X in 2020, and then shrank slightly in the following year.

Basic Dye Exports

Exports from the UK

In 2021, exports of basic dyes and preparations based thereon from the UK shrank to X tons, waning by -13.6% on 2020. Over the period under review, exports recorded a perceptible curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 36%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, basic dye exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of basic dye exports from the UK, together comprising 70% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +25.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for basic dyes and preparations based thereon exports from the UK, comprising 33% of total exports. The second position in the ranking was taken by Germany ($X), with a 14% share of total exports. It was followed by France, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +34.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.3% per year) and France (-3.8% per year).

Export Prices by Country

The average basic dye export price stood at $X per ton in 2021, rising by 43% against the previous year. Over the period under review, the export price saw a prominent expansion. The pace of growth appeared the most rapid in 2018 an increase of 92%. The export price peaked in 2021 and is likely to see steady growth in the near future.

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 France ($X per ton), while the average price for exports to Portugal ($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 Italy (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into the UK

In 2021, after two years of decline, there was significant growth in overseas purchases of basic dyes and preparations based thereon, when their volume increased by 9.3% to X tons. In general, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -31.0% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 22%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, basic dye imports contracted sharply to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of basic dye to the UK, with a 78% share of total imports. Moreover, basic dye imports from Spain exceeded the figures recorded by the second-largest supplier, Australia (X tons), more than tenfold. Poland (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+128.8% per year) and Poland (+141.4% per year).

In value terms, Spain ($X) constituted the largest supplier of basic dyes and preparations based thereon to the UK, comprising 63% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports. It was followed by Australia, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-2.2% per year) and Australia (+84.7% per year).

Import Prices by Country

The average basic dye import price stood at $X per ton in 2021, dropping by -22.5% against the previous year. Overall, the import price saw a noticeable downturn. The pace of growth appeared the most rapid in 2020 an increase of 8.4%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Poland ($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 (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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