Asia: Basic Dye Market 2024

Basic Dye Market Size in Asia

In 2022, after two years of decline, there was significant growth in the Asian basic dye market, when its value increased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Basic Dye Production in Asia

In value terms, basic dye production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Basic Dye Exports

Exports in Asia

In 2022, overseas shipments of basic dyes and preparations based thereon decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, basic dye exports dropped to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

In 2022, India (X tons) was the largest exporter of basic dyes and preparations based thereon, comprising X% of total exports. China (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%). Taiwan (Chinese) (X tons) held a little share of total exports.

India was also the fastest-growing in terms of the basic dyes and preparations based thereon exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Turkey increased by X and X percentage points, respectively.

In value terms, the largest basic dye supplying countries in Asia were India ($X), China ($X) and Taiwan (Chinese) ($X), together comprising X% of total exports.

Among the main exporting countries, India, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X 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 Taiwan (Chinese) ($X per ton), while India ($X 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) (X%), while the other leaders experienced more modest paces of growth.

Basic Dye Imports

Imports in Asia

After two years of growth, overseas purchases of basic dyes and preparations based thereon decreased by X% to X tons in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, basic dye imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), China (X tons), Japan (X tons), Thailand (X tons), Bangladesh (X tons), Malaysia (X tons), Pakistan (X tons), Iran (X tons), South Korea (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons) and Vietnam (X tons) represented roughly X% of total imports in 2022.

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

In value terms, Turkey ($X), Japan ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. South Korea, Bangladesh, Taiwan (Chinese), Thailand, Iran, Vietnam, Pakistan, Malaysia and Indonesia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 South Korea ($X per ton), while Malaysia ($X 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) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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