Disperse Dye Market

The global disperse dye market is expected to see continued growth in consumption over the period from 2022 to 2030, with a forecasted CAGR of 1.0% for market performance and a 3.5% increase in market value. In 2022, the total consumption volume reached 730K tons, with China leading in both consumption and production. The largest markets in value terms were China, Japan, and the United States. Imports and exports of disperse dyes also saw fluctuations in volume and value, with China and India being key players in both sectors. Overall, the market is projected to see steady growth in both consumption and value, with various countries experiencing different rates of growth in production, consumption, import, and export.

Market Forecast

Driven by increasing demand for disperse dyes and preparations based thereon worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.0% for the period from 2022 to 2030, which is projected to bring the market volume to 789K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market value to $7.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Disperse Dyes And Preparations Based Thereon

In 2022, global consumption of disperse dyes and preparations based thereon expanded to 730K tons, with an increase of 1.8% on 2021. The total consumption volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption attained the peak volume at 792K tons in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

The global disperse dye market value dropped slightly to $5.9B in 2022, leveling off at 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). The market value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $6.6B. From 2019 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The country with the largest volume of disperse dye consumption was China (158K tons), accounting for 22% of total volume. Moreover, disperse dye consumption in China exceeded the figures recorded by the second-largest consumer, Russia (75K tons), twofold. India (65K tons) ranked third in terms of total consumption with an 8.9% share.

In China, disperse dye consumption remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (+15.4% per year) and India (+5.7% per year).

In value terms, the largest disperse dye markets worldwide were China ($1B), Japan ($961M) and the United States ($464M), with a combined 42% share of the global market. India, Russia, Indonesia, Mexico, Italy, Brazil, Turkey, South Korea and Germany lagged somewhat behind, together accounting for a further 37%.

Among the main consuming countries, Russia, with a CAGR of +13.1%, saw the highest growth rate of market size 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 disperse dye per capita consumption in 2022 were Italy (636 kg per 1000 persons), Russia (524 kg per 1000 persons) and South Korea (289 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +15.3%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Disperse Dyes And Preparations Based Thereon

Global disperse dye production amounted to 735K tons in 2022, picking up by 2.3% against the previous year. The total output volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 15%. Over the period under review, global production reached the maximum volume at 783K tons in 2018; however, from 2019 to 2022, production failed to regain momentum.

In value terms, disperse dye production expanded to $5.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $6.5B. From 2019 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

China (254K tons) remains the largest disperse dye producing country worldwide, comprising approx. 35% of total volume. Moreover, disperse dye production in China exceeded the figures recorded by the second-largest producer, India (81K tons), threefold. The third position in this ranking was held by Russia (75K tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: India (+9.5% per year) and Russia (+15.5% per year).

Imports

World Imports of Disperse Dyes And Preparations Based Thereon

In 2022, approx. 153K tons of disperse dyes and preparations based thereon were imported worldwide; waning by -9.4% compared with 2021 figures. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Global imports peaked at 174K tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, disperse dye imports reduced to $1.4B in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Over the period under review, global imports attained the maximum at $1.7B in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, Indonesia (18K tons), Turkey (16K tons), Taiwan (Chinese) (13K tons) and South Korea (13K tons) was the key importer of disperse dyes and preparations based thereon in the world, committing 39% of total import. Bangladesh (7.3K tons) ranks next in terms of the total imports with a 4.8% share, followed by Pakistan (4.8%) and Vietnam (4.6%). Brazil (4.9K tons), Honduras (3.8K tons), Thailand (3.8K tons), China (3.5K tons), the United States (3.4K tons) and Iran (3.2K tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of +9.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Indonesia ($121M), Vietnam ($112M) and Turkey ($111M) were the countries with the highest levels of imports in 2022, together comprising 24% of global imports. Taiwan (Chinese), South Korea, Bangladesh, the United States, China, Thailand, Brazil, Pakistan, Honduras and Iran lagged somewhat behind, together accounting for a further 38%.

In terms of the main importing countries, Bangladesh, with a CAGR of +16.5%, recorded the highest rates of growth with regard to 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 disperse dye import price stood at $9,427 per ton in 2022, which is down by -3.7% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, disperse dye import price decreased by -12.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24%. Global import price peaked at $10,738 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 the United States ($19,541 per ton), while Pakistan ($4,881 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+7.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Disperse Dyes And Preparations Based Thereon

In 2022, global disperse dye exports dropped to 158K tons, reducing by -7.2% on the previous year. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. Over the period under review, the global exports attained the peak figure at 173K tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, disperse dye exports plummeted to $1.2B in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. The global exports peaked at $1.6B in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports By Country

In 2022, China (100K tons) represented the key exporter of disperse dyes and preparations based thereon, comprising 63% of total exports. It was distantly followed by India (19K tons), committing a 12% share of total exports. The following exporters - Indonesia (5.8K tons), Taiwan (Chinese) (5.2K tons), South Korea (4.7K tons), the United States (2.9K tons), Germany (2.7K tons) and Singapore (2.4K tons) - together made up 15% of total exports.

From 2012 to 2022, average annual rates of growth with regard to disperse dye exports from China stood at -1.2%. At the same time, India (+10.8%), the United States (+5.2%), South Korea (+4.2%) and Taiwan (Chinese) (+4.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.8% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Indonesia (-3.5%) and Germany (-9.0%) illustrated a downward trend over the same period. India (+7.8 p.p.) significantly strengthened its position in terms of the global exports, while Germany and China saw its share reduced by -2.4% and -3.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($615M) remains the largest disperse dye supplier worldwide, comprising 49% of global exports. The second position in the ranking was held by India ($130M), with a 10% share of global exports. It was followed by Germany, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +1.7%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+14.1% per year) and Germany (+1.9% per year).

Export Prices By Country

The average disperse dye export price stood at $7,908 per ton in 2022, falling by -9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2018 an increase of 30%. Over the period under review, the average export prices hit record highs at $9,893 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($26,635 per ton), while China ($6,169 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform