Price for Dyes; Reactive Dyes and Preparations Based Thereon in Sri Lanka - 2022

Contents:

1. Price for Dyes; Reactive Dyes and Preparations Based Thereon in Sri Lanka (CIF) - 2022
2. Price for Dyes; Reactive Dyes and Preparations Based Thereon in Sri Lanka (FOB) - 2022
3. Imports of Dyes; Reactive Dyes and Preparations Based Thereon in Sri Lanka
4. Exports of Dyes; Reactive Dyes and Preparations Based Thereon in Sri Lanka

Price for Dyes; Reactive Dyes and Preparations Based Thereon in Sri Lanka (CIF) - 2022

In 2022, the average import price for dyes; reactive dyes and preparations based therea amounted to $8,960 per ton, growing by 33% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for dyes; reactive dyes and preparations based therea increased by +38.7% against 2020 indices. The import price peaked at $10,122 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($14,288 per ton), while the price for South Korea ($5,631 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Dyes; Reactive Dyes and Preparations Based Thereon in Sri Lanka (FOB) - 2022

The average export price for dyes; reactive dyes and preparations based therea stood at $14,264 per ton in 2022, surging by 6.9% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for dyes; reactive dyes and preparations based therea increased by +96.3% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 80%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($32,913 per ton), while the average price for exports to India ($11,380 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 Pakistan (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dyes; Reactive Dyes and Preparations Based Thereon in Sri Lanka

In 2022, the amount of dyes; reactive dyes and preparations based therea imported into Sri Lanka contracted rapidly to 1.7K tons, with a decrease of -18.7% on 2021. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.7% 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 +40.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 73%. As a result, imports attained the peak of 2.1K tons, and then shrank remarkably in the following year.

In value terms, imports of dyes; reactive dyes and preparations based therea rose notably to $16M in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 81%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Dyes; Reactive Dyes and Preparations Based Thereon to Sri Lanka in 2022:

1. India (1100.9 tons)
2. South Korea (246.2 tons)
3. China (214.0 tons)
4. Turkey (48.7 tons)
5. Indonesia (34.6 tons)
6. Taiwan (Chinese) (24.2 tons)
7. Japan (13.5 tons)

Exports of Dyes; Reactive Dyes and Preparations Based Thereon in Sri Lanka

In 2022, the amount of dyes; reactive dyes and preparations based therea exported from Sri Lanka surged to 242 tons, picking up by 132% on the previous year's figure. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 294% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of dyes; reactive dyes and preparations based therea surged to $3.5M in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 400%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Dyes; Reactive Dyes and Preparations Based Thereon from Sri Lanka in 2022:

1. Bangladesh (175.0 tons)
2. India (57.1 tons)
3. Pakistan (9.8 tons)

Source: IndexBox Market Intelligence Platform