Acid And Mordant Dye Market

The article discusses the projected growth of the global market for acid and mordant dye over the period from 2022 to 2030. It provides insights into the consumption trends, production volumes, and market values. Key highlights include the countries with the highest consumption and production levels, as well as import and export trends. The data shows a slight increase in market volume and value, with some countries experiencing notable growth rates. Analysis of average prices and the ranking of top exporting and importing countries is also included.

Market Forecast

Driven by rising demand for acid and mordant dye worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.0% for the period from 2022 to 2030, which is projected to bring the market volume to 260K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $3.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Acid And Mordant Dyes And Preparations Based Thereon

In 2022, approx. 240K tons of acid and mordant dyes and preparations based thereon were consumed worldwide; almost unchanged from 2021. In general, consumption continues to indicate a slight decrease. Global consumption peaked at 293K tons in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

The global acid and mordant dye market value fell slightly to $2.4B in 2022, remaining relatively unchanged 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). Over the period under review, consumption showed a mild reduction. Over the period under review, the global market reached the maximum level at $2.9B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Consumption By Country

The country with the largest volume of acid and mordant dye consumption was China (59K tons), comprising approx. 25% of total volume. Moreover, acid and mordant dye consumption in China exceeded the figures recorded by the second-largest consumer, Italy (21K tons), threefold. India (20K tons) ranked third in terms of total consumption with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +2.8%. The remaining consuming countries recorded the following average annual rates of consumption growth: Italy (-10.8% per year) and India (+0.7% per year).

In value terms, the largest acid and mordant dye markets worldwide were China ($479M), Japan ($459M) and the United States ($158M), together comprising 45% of the global market. Italy, Indonesia, Mexico, India, Germany, Spain, Canada, Brazil, Turkey and Iran lagged somewhat behind, together comprising a further 33%.

Spain, with a CAGR of +7.1%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of acid and mordant dye per capita consumption in 2022 were Italy (350 kg per 1000 persons), Spain (175 kg per 1000 persons) and Canada (109 kg per 1000 persons). Moreover, acid and mordant dye per capita consumption in Italy exceeded the figures recorded by the world's second-largest consumer, Spain, twofold.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Spain (with a CAGR of +4.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Acid And Mordant Dyes And Preparations Based Thereon

In 2022, global acid and mordant dye production fell modestly to 222K tons, waning by -3.6% on 2021 figures. In general, production showed a noticeable slump. The growth pace was the most rapid in 2021 when the production volume increased by 11% against the previous year. Over the period under review, global production reached the maximum volume at 288K tons in 2012; however, from 2013 to 2022, production remained at a lower figure.

In value terms, acid and mordant dye production fell slightly to $2.1B in 2022 estimated in export price. Over the period under review, production continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 8.6% against the previous year. Over the period under review, global production reached the peak level at $2.6B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were India (65K tons), China (57K tons) and Italy (13K tons), together accounting for 61% of global production. The United States, Spain, Indonesia, Japan, Germany, Thailand, Mexico and Iran lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +2.2%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Acid And Mordant Dyes And Preparations Based Thereon

In 2022, approx. 120K tons of acid and mordant dyes and preparations based thereon were imported worldwide; with a decrease of -3.1% against the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. Over the period under review, global imports reached the maximum at 149K tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, acid and mordant dye imports totaled $1.1B in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, global imports attained the maximum at $1.3B in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports By Country

The purchases of the twelve major importers of acid and mordant dyes and preparations based thereon, namely Italy, China, the United States, Turkey, Spain, Brazil, Germany, Taiwan (Chinese), Mexico, South Korea, Russia and Singapore, represented more than half of total import. Vietnam (2.6K tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +8.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest acid and mordant dye importing markets worldwide were China ($118M), Italy ($106M) and the United States ($90M), together comprising 30% of global imports. Germany, Turkey, Brazil, Spain, Mexico, Taiwan (Chinese), Vietnam, South Korea, Singapore and Russia lagged somewhat behind, together comprising a further 34%.

Among the main importing countries, Vietnam, with a CAGR of +11.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average acid and mordant dye import price stood at $8,846 per ton in 2022, with an increase of 3.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2014 an increase of 17% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($13,217 per ton), while Russia ($4,058 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Acid And Mordant Dyes And Preparations Based Thereon

In 2022, the amount of acid and mordant dyes and preparations based thereon exported worldwide contracted to 101K tons, declining by -9.1% on 2021 figures. Overall, exports saw a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 22%. The global exports peaked at 134K tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, acid and mordant dye exports reduced to $885M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. The global exports peaked at $1.2B in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports By Country

India represented the major exporting country with an export of around 45K tons, which resulted at 45% of total exports. It was distantly followed by China (9.7K tons), Spain (6.8K tons), Italy (6.2K tons), Thailand (5.4K tons) and Germany (4.6K tons), together generating a 32% share of total exports. The United States (3.7K tons) and Taiwan (Chinese) (3.2K tons) took a relatively small share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of acid and mordant dyes and preparations based thereon. Thailand and the United States experienced a relatively flat trend pattern. Italy (-2.6%), Spain (-2.6%), Taiwan (Chinese) (-3.6%), Germany (-3.8%) and China (-6.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($270M) remains the largest acid and mordant dye supplier worldwide, comprising 31% of global exports. The second position in the ranking was taken by China ($90M), with a 10% share of global exports. It was followed by Germany, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +4.7%. The remaining exporting countries recorded the following average annual rates of exports growth: China (-1.3% per year) and Germany (-2.1% per year).

Export Prices By Country

In 2022, the average acid and mordant dye export price amounted to $8,776 per ton, picking up by 4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2014 an increase of 23% against the previous year. As a result, the export price reached the peak level of $9,163 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($17,244 per ton), while India ($5,975 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform