Price for Dyes; Pigments and Preparations Based Thereon in Chile - 2024

Price for Dyes; Pigments and Preparations Based Thereon in Chile (CIF) - 2024

In January 2024, the average import price for dyes; pigments and preparations based therea amounted to $8,382 per ton, with an increase of 2.4% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 15% against the previous month. As a result, import price attained the peak level of $9,718 per ton. From July 2023 to January 2024, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($17,853 per ton), while the price for Turkey ($3,326 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Mexico (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Dyes; Pigments and Preparations Based Thereon in Chile (FOB) - 2024

The average export price for dyes; pigments and preparations based therea stood at $7,132 per ton in January 2024, dropping by -4.6% against the previous month. Overall, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in December 2023 when the average export price increased by 117% against the previous month. Over the period under review, the average export prices reached the maximum at $9,121 per ton in October 2023; however, from November 2023 to January 2024, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($18,237 per ton), while the average price for exports to Colombia ($3,212 per ton) was amongst the lowest.

From October 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+57.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dyes; Pigments and Preparations Based Thereon in Chile

In 2022, purchases abroad of dyes; pigments and preparations based therea decreased by -36.8% to 1.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of 2.5K tons, and then fell markedly in the following year.

In value terms, imports of dyes; pigments and preparations based therea fell rapidly to $13M in 2022. In general, total imports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +4.7% 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 +14.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of $17M, and then fell significantly in the following year.

Import of Dyes; Pigments and Preparations Based Thereon in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2.2	3.0	4.3	3.3	14.5%
India	1.5	1.4	2.4	2.1	11.9%
Brazil	0.4	1.0	1.8	1.4	51.8%
Canada	1.7	1.6	1.7	1.2	-11.0%
United States	0.7	1.0	1.3	1.2	19.7%
Germany	1.2	1.1	0.9	0.6	-20.6%
Uruguay	0.7	0.5	0.8	0.4	-17.0%
Mexico	0.5	0.5	0.8	0.4	-7.2%
Colombia	N/A	N/A	0.6	0.4	-33.3%
Argentina	0.2	0.2	0.2	0.3	14.5%
Turkey	0.3	0.5	0.6	0.2	-12.6%
Spain	0.2	0.2	0.3	0.2	0.0%
Others	1.2	1.4	1.3	0.6	-20.6%
Total	10.9	12.3	17.2	12.5	4.7%

Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Chile in 2022:

China (293.1 tons)
India (265.3 tons)
Brazil (260.9 tons)
Canada (172.0 tons)
United States (156.8 tons)
Mexico (67.4 tons)
Uruguay (55.1 tons)
Turkey (53.9 tons)
Colombia (53.3 tons)
Argentina (44.7 tons)
Spain (29.5 tons)
Germany (24.6 tons)

Exports of Dyes; Pigments and Preparations Based Thereon in Chile

In 2022, approx. 433 tons of dyes; pigments and preparations based therea were exported from Chile; which is down by -18% on 2021. The total export volume increased at an average annual rate of +2.1% 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 2021 when exports increased by 48%. As a result, the exports reached the peak of 527 tons, and then dropped remarkably in the following year.

In value terms, exports of dyes; pigments and preparations based therea expanded notably to $2.7M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +67.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 50%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Export of Dyes; Pigments and Preparations Based Thereon in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	1,201	976	1,139	1,153	-1.4%
Brazil	145	142	174	508	51.9%
Argentina	260	123	565	415	16.9%
Uruguay	98.9	90.9	154	155	16.2%
Colombia	108	123	147	107	-0.3%
El Salvador	12.3	19.1	58.8	80.0	86.7%
Ecuador	34.6	71.1	37.4	77.9	31.1%
Others	39.1	40.7	95.6	161	60.3%
Total	1,900	1,585	2,370	2,657	11.8%