Price for Dyes; Reactive Dyes and Preparations Based Thereon in Denmark - 2023

Contents:

1. Price for Dyes; Reactive Dyes and Preparations Based Thereon in Denmark (FOB) - 2023
2. Price for Dyes; Reactive Dyes and Preparations Based Thereon in Denmark (CIF) - 2023
3. Exports of Dyes; Reactive Dyes and Preparations Based Thereon in Denmark
4. Imports of Dyes; Reactive Dyes and Preparations Based Thereon in Denmark

Price for Dyes; Reactive Dyes and Preparations Based Thereon in Denmark (FOB) - 2023

In November 2023, the average export price for dyes; reactive dyes and preparations based therea amounted to $27,457 per ton, approximately mirroring the previous month. Overall, export price indicated a temperate increase from November 2022 to November 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for dyes; reactive dyes and preparations based therea decreased by -25.8% against September 2023 indices. The most prominent rate of growth was recorded in August 2023 an increase of 109% m-o-m. Over the period under review, the average export prices hit record highs at $39,671 per ton in February 2023; however, from March 2023 to November 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Norway ($33,480 per ton), while the average price for exports to Faroe Islands ($7,972 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Dyes; Reactive Dyes and Preparations Based Thereon in Denmark (CIF) - 2023

The average import price for dyes; reactive dyes and preparations based therea stood at $29,937 per ton in November 2023, dropping by -5% against the previous month. In general, the import price, however, saw a tangible increase. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 113% month-to-month. Over the period under review, average import prices attained the maximum at $56,826 per ton in August 2023; however, from September 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Belgium ($39,345 per ton), while the price for Sweden ($13,564 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Sweden (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Dyes; Reactive Dyes and Preparations Based Thereon in Denmark

After three years of growth, overseas shipments of dyes; reactive dyes and preparations based therea decreased by -0.5% to 59 tons in 2022. The total export volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23%.

In value terms, exports of dyes; reactive dyes and preparations based therea rose remarkably to $1.6M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Dyes; Reactive Dyes and Preparations Based Thereon from Denmark in 2022:

1. Finland (25.6 tons)
2. Norway (17.3 tons)
3. Sweden (14.0 tons)
4. Iceland (2.0 tons)

Imports of Dyes; Reactive Dyes and Preparations Based Thereon in Denmark

After three years of growth, overseas purchases of dyes; reactive dyes and preparations based therea decreased by -1.6% to 90 tons in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 27%.

In value terms, imports of dyes; reactive dyes and preparations based therea declined remarkably to $1.4M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 49%. As a result, imports attained the peak of $1.7M, and then declined sharply in the following year.

Top Suppliers of Dyes; Reactive Dyes and Preparations Based Thereon to Denmark in 2022:

1. Sweden (30.5 tons)
2. Belgium (23.9 tons)
3. Germany (20.6 tons)
4. Italy (14.3 tons)

Source: IndexBox Market Intelligence Platform