Price for Dyes; Pigments and Preparations Based Thereon in the UK - 2023
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in the UK (CIF) - 2023
- Price for Dyes; Pigments and Preparations Based Thereon in the UK (FOB) - 2023
- Imports of Dyes; Pigments and Preparations Based Thereon in the UK
- Exports of Dyes; Pigments and Preparations Based Thereon in the UK
Price for Dyes; Pigments and Preparations Based Thereon in the UK (CIF) - 2023
The average import price for dyes; pigments and preparations based therea stood at $12,307 per ton in December 2023, picking up by 42% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $13,653 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($25,563 per ton), while the price for Turkey ($3,398 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Sweden (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dyes; Pigments and Preparations Based Thereon in the UK (FOB) - 2023
In December 2023, the average export price for dyes; pigments and preparations based therea amounted to $5,967 per ton, picking up by 5.6% against the previous month. In general, the export price, however, continues to indicate a mild curtailment. The pace of growth was the most pronounced in July 2023 an increase of 60% against the previous month. As a result, the export price attained the peak level of $9,059 per ton. From August 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($10,911 per ton), while the average price for exports to Nigeria ($4,128 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Pigments and Preparations Based Thereon in the UK
For the third consecutive year, the UK recorded decline in supplies from abroad of dyes; pigments and preparations based therea, which decreased by -19.6% to 11K tons in 2022. Overall, imports faced a abrupt contraction. The smallest decline of -5.6% was in 2021.
In value terms, imports of dyes; pigments and preparations based therea fell to $120M in 2022. In general, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of $138M, and then shrank in the following year.
| Import of Dyes; Pigments and Preparations Based Thereon in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 23.6 | 21.9 | 20.0 | 26.7 | 4.2% |
| China | 27.1 | 19.2 | 20.5 | 24.9 | -2.8% |
| Germany | 41.0 | 36.2 | 39.6 | 19.9 | -21.4% |
| Sweden | 5.8 | 7.0 | 7.2 | 8.5 | 13.6% |
| Netherlands | 7.8 | 7.1 | 12.1 | 8.1 | 1.3% |
| United States | 2.8 | 2.3 | 3.0 | 5.5 | 25.2% |
| South Korea | 0.3 | 0.3 | 0.6 | 4.8 | 152.0% |
| Belgium | 8.7 | 7.2 | 15.3 | 1.1 | -49.8% |
| Spain | 4.8 | 3.7 | 0.2 | 0.4 | -56.3% |
| Others | 13.1 | 14.5 | 19.3 | 20.5 | 16.1% |
| Total | 135 | 119 | 138 | 120 | -3.9% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to the UK in 2022:
- India (2.8K tons)
- China (2.4K tons)
- Sweden (1.4K tons)
- Netherlands (1.0K tons)
- Germany (1.0K tons)
- United States (0.4K tons)
- South Korea (0.4K tons)
- Belgium (0.1K tons)
Exports of Dyes; Pigments and Preparations Based Thereon in the UK
After two years of decline, shipments abroad of dyes; pigments and preparations based therea increased by 11% to 10K tons in 2022. Over the period under review, exports, however, saw a abrupt decrease.
In value terms, exports of dyes; pigments and preparations based therea rose remarkably to $87M in 2022. In general, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Dyes; Pigments and Preparations Based Thereon in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 15.7 | 7.0 | 9.5 | 17.5 | 3.7% |
| Netherlands | 2.8 | 4.2 | 13.4 | 15.2 | 75.7% |
| United States | 7.1 | 2.9 | 10.3 | 14.8 | 27.7% |
| Germany | 9.1 | 7.9 | 5.1 | 4.1 | -23.3% |
| Poland | 5.9 | 7.9 | 3.0 | 1.9 | -31.5% |
| Ireland | 2.4 | 2.2 | 1.9 | 1.8 | -9.1% |
| Sri Lanka | 1.3 | 1.4 | 1.9 | 1.6 | 7.2% |
| India | 0.8 | 1.0 | 0.9 | 1.5 | 23.3% |
| France | 1.9 | 2.1 | 1.3 | 1.3 | -11.9% |
| Denmark | 1.1 | 1.6 | 1.4 | 1.2 | 2.9% |
| Saudi Arabia | 0.6 | 0.5 | 0.7 | 1.1 | 22.4% |
| Russia | 0.8 | 0.9 | 1.4 | 0.8 | 0.0% |
| Egypt | 0.2 | 0.4 | 0.7 | 0.6 | 44.2% |
| Others | 35.2 | 34.0 | 26.6 | 23.3 | -12.8% |
| Total | 84.9 | 73.9 | 78.3 | 86.7 | 0.7% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from the UK in 2022:
- Belgium (3147.4 tons)
- Netherlands (1142.7 tons)
- United States (713.4 tons)
- Germany (429.6 tons)
- Poland (254.6 tons)
- Ireland (247.3 tons)
- Sri Lanka (223.0 tons)
- Saudi Arabia (183.8 tons)
- Denmark (181.4 tons)
- Egypt (177.4 tons)
- France (171.0 tons)
- Russia (169.5 tons)
- India (159.1 tons)
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