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

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

The Vietnamese acid and mordant dye market soared to $X in 2021, increasing by 18% 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). In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.5% against 2019 indices. Acid and mordant dye consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Vietnam

In 2021, shipments abroad of acid and mordant dyes and preparations based thereon decreased by -38.8% to X tons, falling for the third year in a row after two years of growth. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2013 with an increase of 1,459%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, acid and mordant dye exports contracted dramatically to $X in 2021. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 1,643%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for acid and mordant dye exports from Vietnam, accounting for a 44% share of total exports. Moreover, acid and mordant dye exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, China (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) totaled +96.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+100.5% per year) and South Korea (+71.6% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for acid and mordant dyes and preparations based thereon exports from Vietnam, comprising 44% of total exports. The second position in the ranking was held by China ($X), with an 18% share of total exports. It was followed by South Korea, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) totaled +94.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+104.5% per year) and South Korea (+75.0% per year).

Export Prices by Country

In 2021, the average acid and mordant dye export price amounted to $X per ton, falling by -14.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, among the top suppliers, the countries with the highest prices were Thailand ($X per ton) and Cambodia ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Vietnam

In 2021, approx. X tons of acid and mordant dyes and preparations based thereon were imported into Vietnam; picking up by 20% compared with the previous year's figure. Over the period under review, imports recorded a mild expansion. The growth pace was the most rapid in 2013 with an increase of 36% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, acid and mordant dye imports skyrocketed to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 -4.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), India (X tons) and China (X tons) were the main suppliers of acid and mordant dye imports to Vietnam, together comprising 54% of total imports. These countries were followed by Japan, South Korea, Thailand, Spain and Italy, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +26.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acid and mordant dye suppliers to Vietnam were Taiwan (Chinese) ($X), India ($X) and China ($X), together comprising 54% of total imports. These countries were followed by Japan, South Korea, Thailand, Spain and Italy, which together accounted for a further 35%.

In terms of the main suppliers, Japan, with a CAGR of +33.2%, recorded 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 acid and mordant dye import price stood at $X per ton in 2021, declining by -2.9% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acid and mordant dye import price decreased by -7.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 31%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, among the top importers, the highest price was recorded for prices from India ($X per ton) and Japan ($X per ton), while the price for Thailand ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :