Puerto Rico: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Puerto Rico

The Puerto Rican acid and mordant dye market totaled less than $X in 2021, remaining stable 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 recorded a relatively flat trend pattern.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Puerto Rico

Acid and mordant dye exports from Puerto Rico stood at less than X kg in 2021, approximately equating the previous year. In general, exports showed a relatively flat trend pattern.

In value terms, acid and mordant dye exports totaled less than $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern.

Exports by Country

In 2021, India (X tons) was the key exporter of acid and mordant dyes and preparations based thereon, making up 46% of total exports. It was distantly followed by China (X tons), Spain (X tons), Thailand (X tons) and Italy (X tons), together making up a 28% share of total exports. The following exporters - Germany (X tons), Taiwan (Chinese) (X tons), the United States (X tons), Singapore (X tons), Switzerland (X tons) and Hong Kong SAR (X tons) - together made up 15% of total exports.

From 2012 to 2021, average annual rates of growth with regard to acid and mordant dye exports from India stood at +2.3%. At the same time, Thailand (+3.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +3.4% from 2012-2021. By contrast, the United States (-2.0%), Taiwan (Chinese) (-2.1%), Spain (-2.2%), Italy (-3.0%), Germany (-3.7%), China (-6.1%), Singapore (-7.1%), Hong Kong SAR (-11.0%) and Switzerland (-12.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India and Thailand increased by +12 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest acid and mordant dye supplier from Puerto Rico, comprising 30% of global exports. The second position in the ranking was held by China ($X), with an 11% share of global exports. It was followed by Germany, with a 7.3% share.

In India, acid and mordant dye exports increased at an average annual rate of +5.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (-0.2% per year) and Germany (-2.3% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, almost unchanged from the previous year. Over the period under review, the export price recorded a relatively flat trend pattern.

Prices varied noticeably by country of origin: among the top suppliers, the country with the highest price was Switzerland ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.5%), while the other leaders experienced more modest paces of growth.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Puerto Rico

In 2021, approx. less than X kg of acid and mordant dyes and preparations based thereon were imported into Puerto Rico; therefore, remained relatively stable against 2020. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, acid and mordant dye imports totaled less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, China (X tons) and Italy (X tons) were the key importers of acid and mordant dyes and preparations based thereonaround the world, together generating 23% of total imports. The United States (X tons) ranks next in terms of the total imports with a 6.9% share, followed by Brazil (5.4%), Spain (4.8%) and Turkey (4.5%). Taiwan (Chinese) (X tons), Germany (X tons), Singapore (X tons), Mexico (X tons), South Korea (X tons), Vietnam (X tons) and Thailand (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Singapore (with a CAGR of +5.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 29% share of total imports. These countries were followed by Germany, Brazil, Turkey, Spain, Taiwan (Chinese), Mexico, Singapore, South Korea, Vietnam and Thailand, which together accounted for a further 37%.

Vietnam, with a CAGR of +7.4%, recorded the highest growth rate of the value of imports, in terms of 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

In 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of destination: among the top importers, the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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