Price for Dyes; Reactive Dyes and Preparations Based Thereon in Pakistan - 2023
Contents:
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in Pakistan (CIF) - 2023
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in Pakistan (FOB) - 2022
- Imports of Dyes; Reactive Dyes and Preparations Based Thereon in Pakistan
- Exports of Dyes; Reactive Dyes and Preparations Based Thereon in Pakistan
Price for Dyes; Reactive Dyes and Preparations Based Thereon in Pakistan (CIF) - 2023
The average import price for dyes; reactive dyes and preparations based therea stood at $3,584 per ton in July 2023, declining by -3.6% against the previous month. Overall, the import price showed a slight decline. The growth pace was the most rapid in October 2022 when the average import price increased by 11% against the previous month. As a result, import price reached the peak level of $4,714 per ton. From November 2022 to July 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Indonesia ($4,282 per ton) and Thailand ($3,982 per ton), while the price for China ($3,234 per ton) and Turkey ($3,907 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.6%), while the prices for the other major suppliers experienced a decline.
Price for Dyes; Reactive Dyes and Preparations Based Thereon in Pakistan (FOB) - 2022
The average export price for dyes; reactive dyes and preparations based therea stood at $9,372 per ton in 2022, picking up by 26% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average export price increased by 33%. The export price peaked at $9,869 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($10,542 per ton), while the average price for exports to Bangladesh ($6,044 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Reactive Dyes and Preparations Based Thereon in Pakistan
In 2022, the amount of dyes; reactive dyes and preparations based therea imported into Pakistan contracted to 16K tons, with a decrease of -6.4% compared with the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. As a result, imports reached the peak of 17K tons, and then contracted in the following year.
In value terms, imports of dyes; reactive dyes and preparations based therea contracted remarkably to $77M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 27%. As a result, imports reached the peak of $101M, and then dropped dramatically in the following year.
| Import of Dyes; Reactive Dyes and Preparations Based Thereon in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 23.0 | 33.7 | 39.7 | 26.6 | 5.0% |
| China | 7.4 | 20.8 | 26.4 | 25.8 | 51.6% |
| Malaysia | N/A | 0.5 | 2.8 | 6.5 | 260.6% |
| Indonesia | 1.4 | 4.0 | 5.5 | 4.4 | 46.5% |
| Turkey | 5.5 | 8.4 | 8.1 | 4.3 | -7.9% |
| Taiwan (Chinese) | 2.3 | 1.9 | 2.9 | 2.1 | -3.0% |
| Thailand | 0.9 | 3.2 | 4.0 | 1.8 | 26.0% |
| India | 30.9 | 0.1 | N/A | N/A | -99.7% |
| Others | 4.2 | 6.6 | 11.3 | 6.0 | 12.6% |
| Total | 75.6 | 79.3 | 101 | 77.5 | 0.8% |
Top Suppliers of Dyes; Reactive Dyes and Preparations Based Thereon to Pakistan in 2022:
- China (6.3K tons)
- South Korea (4.7K tons)
- Malaysia (1.8K tons)
- Turkey (0.7K tons)
- Indonesia (0.7K tons)
- Taiwan (Chinese) (0.4K tons)
- Thailand (0.3K tons)
Exports of Dyes; Reactive Dyes and Preparations Based Thereon in Pakistan
For the third consecutive year, Pakistan recorded decline in shipments abroad of dyes; reactive dyes and preparations based therea, which decreased by -66.8% to 20 tons in 2022. In general, exports recorded a significant contraction. The smallest decline of -7.7% was in 2020.
In value terms, exports of dyes; reactive dyes and preparations based therea contracted remarkably to $188K in 2022. Over the period under review, exports continue to indicate a significant decrease. The smallest decline of -12.7% was in 2020.
| Export of Dyes; Reactive Dyes and Preparations Based Thereon in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 152 | 168 | 71.9 | 143 | -2.0% |
| Bangladesh | 350 | 142 | 78.4 | 25.9 | -58.0% |
| Turkey | 96.2 | 67.5 | 39.3 | 19.5 | -41.3% |
| Peru | 21.0 | 20.2 | N/A | N/A | -3.8% |
| Indonesia | 16.0 | N/A | 78.1 | N/A | 120.9% |
| Singapore | 107 | 225 | 179 | N/A | 29.3% |
| Others | 9.5 | 33.7 | 3.7 | N/A | -37.6% |
| Total | 751 | 656 | 451 | 188 | -37.0% |
Top Export Markets for Dyes; Reactive Dyes and Preparations Based Thereon from Pakistan in 2022:
- Spain (13.6 tons)
- Bangladesh (4.3 tons)
- Turkey (2.3 tons)
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