Sri Lanka: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Sri Lanka

The Sri Lankan acid and mordant dye market expanded significantly to $X in 2022, with an increase of X% 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). Overall, consumption showed tangible growth. Acid and mordant dye consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Sri Lanka

In 2022, overseas shipments of acid and mordant dyes and preparations based thereon decreased by X% to X tons, falling for the fourth year in a row after seven years of growth. Overall, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, acid and mordant dye exports surged to $X in 2022. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons), Indonesia (X kg) and the Dominican Republic (X kg) were the main destinations of acid and mordant dye exports from Sri Lanka, together accounting for X% of total exports. Bangladesh and Jordan lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for acid and mordant dye exported from Sri Lanka were Singapore ($X), Indonesia ($X) and the Dominican Republic ($X), together accounting for X% of total exports. Bangladesh and Jordan lagged somewhat behind, together accounting for a further X%.

Jordan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average acid and mordant dye export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Jordan ($X 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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Sri Lanka

In 2022, approx. X tons of acid and mordant dyes and preparations based thereon were imported into Sri Lanka; with an increase of X% compared with 2021 figures. In general, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, acid and mordant dye imports expanded slightly to $X in 2022. Overall, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of acid and mordant dye to Sri Lanka, accounting for a X% share of total imports. Moreover, acid and mordant dye imports from India exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. China (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

In value terms, the largest acid and mordant dye suppliers to Sri Lanka were India ($X), China ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average acid and mordant dye import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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