Price for Dyes; Reactive Dyes and Preparations Based Thereon in India - 2023
Contents:
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in India (FOB) - 2023
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in India (CIF) - 2023
- Exports of Dyes; Reactive Dyes and Preparations Based Thereon in India
- Imports of Dyes; Reactive Dyes and Preparations Based Thereon in India
Price for Dyes; Reactive Dyes and Preparations Based Thereon in India (FOB) - 2023
In November 2023, the average export price for dyes; reactive dyes and preparations based therea amounted to $3,834 per ton, almost unchanged from the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 2.5% month-to-month. As a result, the export price reached the peak level of $4,394 per ton. From January 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was China ($7,175 per ton), while the average price for exports to Egypt ($2,842 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Dyes; Reactive Dyes and Preparations Based Thereon in India (CIF) - 2023
The average import price for dyes; reactive dyes and preparations based therea stood at $9,991 per ton in November 2023, with a decrease of -8.3% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 32% month-to-month. The import price peaked at $10,968 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Singapore ($23,255 per ton), while the price for Guatemala ($2,829 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Dyes; Reactive Dyes and Preparations Based Thereon in India
In 2022, exports of dyes; reactive dyes and preparations based therea from India declined sharply to 149K tons, with a decrease of -19.4% compared with the previous year. In general, exports showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. As a result, the exports attained the peak of 185K tons, and then declined markedly in the following year.
In value terms, exports of dyes; reactive dyes and preparations based therea reduced to $684M in 2022. Over the period under review, exports recorded a perceptible reduction. The growth pace was the most rapid in 2021 when exports increased by 42%. As a result, the exports reached the peak of $774M, and then contracted in the following year.
| Export of Dyes; Reactive Dyes and Preparations Based Thereon in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 110 | 103 | 134 | 132 | 6.3% |
| Turkey | 143 | 118 | 158 | 121 | -5.4% |
| Honduras | 51.3 | 25.6 | 60.2 | 48.4 | -1.9% |
| Singapore | 54.5 | 35.7 | 48.6 | 36.2 | -12.7% |
| Indonesia | 28.6 | 29.0 | 41.0 | 34.7 | 6.7% |
| Thailand | 25.3 | 21.2 | 29.0 | 29.6 | 5.4% |
| Brazil | 29.4 | 24.0 | 37.2 | 28.7 | -0.8% |
| China | 39.1 | 31.2 | 35.4 | 24.0 | -15.0% |
| Vietnam | 14.7 | 14.6 | 14.3 | 23.2 | 16.4% |
| United States | 9.3 | 7.5 | 14.4 | 20.0 | 29.1% |
| South Korea | 30.1 | 18.7 | 28.3 | 18.4 | -15.1% |
| Mexico | 20.0 | 12.2 | 21.3 | 14.3 | -10.6% |
| United Arab Emirates | 1.2 | 1.1 | 1.6 | 13.0 | 121.3% |
| Others | 177 | 103 | 150 | 141 | -7.3% |
| Total | 734 | 544 | 774 | 684 | -2.3% |
Top Export Markets for Dyes; Reactive Dyes and Preparations Based Thereon from India in 2022:
- Bangladesh (37.4K tons)
- Turkey (30.7K tons)
- Honduras (9.6K tons)
- Indonesia (7.2K tons)
- Brazil (6.5K tons)
- Singapore (5.8K tons)
- Thailand (4.7K tons)
- Vietnam (4.1K tons)
- United States (3.9K tons)
- South Korea (3.5K tons)
- United Arab Emirates (3.0K tons)
- Mexico (2.9K tons)
- China (2.9K tons)
Imports of Dyes; Reactive Dyes and Preparations Based Thereon in India
Imports of dyes; reactive dyes and preparations based therea into India plummeted to 2.9K tons in 2022, which is down by -22.9% on 2021 figures. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, imports attained the peak of 3.7K tons, and then reduced markedly in the following year.
In value terms, imports of dyes; reactive dyes and preparations based therea reduced rapidly to $29M in 2022. Overall, imports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 55%. As a result, imports reached the peak of $41M, and then shrank markedly in the following year.
| Import of Dyes; Reactive Dyes and Preparations Based Thereon in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 19.2 | 12.1 | 16.4 | 11.2 | -16.4% |
| South Korea | 5.3 | 4.3 | 7.0 | 7.4 | 11.8% |
| China | 9.9 | 5.4 | 10.8 | 6.7 | -12.2% |
| Singapore | 2.8 | 1.5 | 1.3 | 0.9 | -31.5% |
| Turkey | 0.1 | 0.7 | 0.6 | 0.8 | 100.0% |
| Italy | 1.0 | 0.4 | 0.9 | 0.8 | -7.2% |
| Bangladesh | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Others | 1.9 | 2.0 | 3.6 | 1.5 | -7.6% |
| Total | 40.3 | 26.3 | 40.8 | 29.4 | -10.0% |
Top Suppliers of Dyes; Reactive Dyes and Preparations Based Thereon to India in 2022:
- Thailand (1081.6 tons)
- South Korea (1064.4 tons)
- China (353.1 tons)
- Turkey (78.7 tons)
- Italy (61.1 tons)
- Singapore (53.5 tons)
- Bangladesh (49.5 tons)
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