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

Contents:

  1. Price for Dyes; Pigments and Preparations Based Thereon in South Africa (CIF) - 2024
  2. Price for Dyes; Pigments and Preparations Based Thereon in South Africa (FOB) - 2022
  3. Imports of Dyes; Pigments and Preparations Based Thereon in South Africa
  4. Exports of Dyes; Pigments and Preparations Based Thereon in South Africa

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

The average import price for dyes; pigments and preparations based therea stood at $6,255 per ton in January 2024, shrinking by -8.1% against the previous month. In general, the import price showed a noticeable slump. The pace of growth was the most pronounced in October 2023 an increase of 58% month-to-month. Over the period under review, average import prices hit record highs at $8,849 per ton in January 2023; however, from February 2023 to January 2024, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the UK ($14,556 per ton), while the price for Sweden ($4,350 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 the UK (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Dyes; Pigments and Preparations Based Thereon in South Africa (FOB) - 2022

The average export price for dyes; pigments and preparations based therea stood at $6,993 per ton in 2022, rising by 20% against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked at $9,088 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($16,034 per ton), while the average price for exports to Namibia ($2,581 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 Cote d'Ivoire (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dyes; Pigments and Preparations Based Thereon in South Africa

In 2022, the amount of dyes; pigments and preparations based therea imported into South Africa reduced to 4.4K tons, declining by -14.4% against 2021 figures. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +7.7% 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 +32.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 55%. As a result, imports reached the peak of 5.1K tons, and then contracted in the following year.

In value terms, imports of dyes; pigments and preparations based therea declined modestly to $32M in 2022. The total import value increased at an average annual rate of +6.7% 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 imports increased by 34%. As a result, imports attained the peak of $33M, and then fell slightly in the following year.

Import of Dyes; Pigments and Preparations Based Thereon in South Africa (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China8.18.111.010.810.1%
India7.48.310.610.211.3%
Germany3.52.62.92.6-9.4%
Sweden1.10.81.41.613.3%
South Korea0.60.71.11.226.0%
Italy0.80.50.50.7-4.4%
Turkey0.40.30.50.614.5%
Others4.93.65.34.6-2.1%
Total26.624.933.432.36.7%

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

  1. China (1843.4 tons)
  2. India (1292.1 tons)
  3. Sweden (350.8 tons)
  4. Germany (172.5 tons)
  5. Turkey (158.8 tons)
  6. South Korea (155.1 tons)
  7. Italy (78.2 tons)

Exports of Dyes; Pigments and Preparations Based Thereon in South Africa

In 2022, approx. 1.6K tons of dyes; pigments and preparations based therea were exported from South Africa; declining by -9.4% compared with the previous year. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, the exports attained the peak of 1.8K tons, and then shrank in the following year.

In value terms, exports of dyes; pigments and preparations based therea rose rapidly to $11M in 2022. Overall, exports continue to indicate a mild reduction.

Export of Dyes; Pigments and Preparations Based Thereon in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands36.93,8221,6762,187289.9%
United States1,3902,3561,7811,7968.9%
Kenya1,0981,076695682-14.7%
Japan44022529064213.4%
Namibia5672674495991.8%
Zambia4472872895678.2%
Nigeria6776311,537567-5.7%
Botswana3083214873857.7%
Zimbabwe22642040138419.3%
Cote d'IvoireN/A6.21.0354655.6%
Uganda85.642933229250.5%
Swaziland79.073.299.016227.0%
Angola14669.088.11531.6%
Others5,9861,8092,0452,315-27.1%
Total11,48611,79110,17011,086-1.2%

Top Export Markets for Dyes; Pigments and Preparations Based Thereon from South Africa in 2022:

  1. Namibia (231.9 tons)
  2. United States (144.3 tons)
  3. Netherlands (136.4 tons)
  4. Japan (114.5 tons)
  5. Zambia (113.9 tons)
  6. Botswana (108.7 tons)
  7. Zimbabwe (102.3 tons)
  8. Kenya (98.3 tons)
  9. Nigeria (92.7 tons)
  10. Swaziland (44.3 tons)
  11. Uganda (43.4 tons)
  12. Cote d'Ivoire (40.1 tons)
  13. Angola (36.5 tons)

Source: IndexBox Market Intelligence Platform

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