Price for Dyes; Reactive Dyes and Preparations Based Thereon in China - 2023
Contents:
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in China (FOB) - 2023
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in China (CIF) - 2023
- Exports of Dyes; Reactive Dyes and Preparations Based Thereon in China
- Imports of Dyes; Reactive Dyes and Preparations Based Thereon in China
Price for Dyes; Reactive Dyes and Preparations Based Thereon in China (FOB) - 2023
The average export price for dyes; reactive dyes and preparations based therea stood at $5,013 per ton in December 2023, increasing by 8.3% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $6,008 per ton in February 2023; however, from March 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Thailand ($11,745 per ton), while the average price for exports to South Korea ($3,446 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 Thailand (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Dyes; Reactive Dyes and Preparations Based Thereon in China (CIF) - 2023
In December 2023, the average import price for dyes; reactive dyes and preparations based therea amounted to $11,036 per ton, standing approximately at the previous month. Overall, the import price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in November 2023 an increase of 18% month-to-month. The import price peaked at $12,383 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a 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 Japan ($56,871 per ton), while the price for Turkey ($4,340 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 Japan (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Dyes; Reactive Dyes and Preparations Based Thereon in China
In 2022, after three years of growth, there was significant decline in shipments abroad of dyes; reactive dyes and preparations based therea, when their volume decreased by -10.7% to 39K tons. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. As a result, the exports attained the peak of 44K tons, and then declined in the following year.
In value terms, exports of dyes; reactive dyes and preparations based therea shrank to $233M in 2022. The total export value increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 43%. As a result, the exports reached the peak of $256M, and then dropped in the following year.
| Export of Dyes; Reactive Dyes and Preparations Based Thereon in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 26.3 | 22.5 | 48.7 | 50.4 | 24.2% |
| Bangladesh | 28.0 | 25.1 | 27.9 | 31.3 | 3.8% |
| Vietnam | 24.3 | 22.3 | 30.9 | 26.0 | 2.3% |
| Turkey | 24.2 | 22.3 | 29.8 | 24.3 | 0.1% |
| Pakistan | 10.0 | 20.2 | 23.0 | 21.2 | 28.5% |
| Indonesia | 13.5 | 9.4 | 13.6 | 16.0 | 5.8% |
| Thailand | 12.8 | 11.2 | 11.7 | 10.4 | -6.7% |
| India | 7.4 | 6.4 | 15.1 | 8.5 | 4.7% |
| Singapore | 2.9 | 6.8 | 11.3 | 8.2 | 41.4% |
| Taiwan (Chinese) | 6.0 | 5.2 | 6.7 | 5.8 | -1.1% |
| Brazil | 1.9 | 1.1 | 1.3 | 3.1 | 17.7% |
| Others | 31.7 | 26.5 | 35.9 | 27.9 | -4.2% |
| Total | 189 | 179 | 256 | 233 | 7.2% |
Top Export Markets for Dyes; Reactive Dyes and Preparations Based Thereon from China in 2022:
- South Korea (9.4K tons)
- Bangladesh (5.9K tons)
- Pakistan (5.2K tons)
- Vietnam (3.6K tons)
- Turkey (3.4K tons)
- Indonesia (2.9K tons)
- Singapore (1.2K tons)
- India (1.0K tons)
- Thailand (1.0K tons)
- Taiwan (Chinese) (0.8K tons)
- Brazil (0.6K tons)
Imports of Dyes; Reactive Dyes and Preparations Based Thereon in China
In 2022, imports of dyes; reactive dyes and preparations based therea into China dropped significantly to 9.6K tons, shrinking by -39.7% compared with 2021 figures. In general, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 25%.
In value terms, imports of dyes; reactive dyes and preparations based therea reduced notably to $106M in 2022. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, imports attained the peak of $147M, and then dropped significantly in the following year.
| Import of Dyes; Reactive Dyes and Preparations Based Thereon in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 35.2 | 27.2 | 42.9 | 38.1 | 2.7% |
| India | 50.1 | 38.6 | 51.0 | 31.2 | -14.6% |
| Taiwan (Chinese) | 19.2 | 18.5 | 20.1 | 12.3 | -13.8% |
| South Korea | 12.1 | 7.7 | 11.0 | 7.1 | -16.3% |
| Indonesia | 4.0 | 3.1 | 5.7 | 4.1 | 0.8% |
| Japan | 5.7 | 3.8 | 5.6 | 3.9 | -11.9% |
| Turkey | 5.2 | 2.4 | 4.0 | 3.5 | -12.4% |
| Others | 6.6 | 5.0 | 6.7 | 5.5 | -5.9% |
| Total | 138 | 106 | 147 | 106 | -8.4% |
Top Suppliers of Dyes; Reactive Dyes and Preparations Based Thereon to China in 2022:
- India (3.0K tons)
- Thailand (2.7K tons)
- Taiwan (Chinese) (1.1K tons)
- South Korea (1.0K tons)
- Turkey (0.7K tons)
- Indonesia (0.6K tons)
- Japan (0.2K tons)
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