Price for Dyes; Pigments and Preparations Based Thereon in India - 2023
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in India (FOB) - 2023
- Price for Dyes; Pigments and Preparations Based Thereon in India (CIF) - 2023
- Exports of Dyes; Pigments and Preparations Based Thereon in India
- Imports of Dyes; Pigments and Preparations Based Thereon in India
Price for Dyes; Pigments and Preparations Based Thereon in India (FOB) - 2023
In November 2023, the average export price for dyes; pigments and preparations based therea amounted to $7,091 per ton, increasing by 9.3% against the previous month. Over the period under review, the export price, however, saw a slight contraction. The most prominent rate of growth was recorded in March 2023 an increase of 10% month-to-month. The export price peaked at $8,182 per ton in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($8,458 per ton), while the average price for exports to Bangladesh ($4,136 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 the Netherlands (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Dyes; Pigments and Preparations Based Thereon in India (CIF) - 2023
In November 2023, the average import price for dyes; pigments and preparations based therea amounted to $10,531 per ton, declining by -1.6% against the previous month. Over the period under review, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in March 2023 an increase of 33% m-o-m. The import price peaked at $12,806 per ton in June 2023; however, from July 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($36,706 per ton), while the price for Italy ($5,783 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 the UK (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Dyes; Pigments and Preparations Based Thereon in India
Exports of dyes; pigments and preparations based therea from India contracted sharply to 107K tons in 2022, with a decrease of -19.5% compared with the previous year's figure. Overall, exports recorded a slight decrease. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, the exports reached the peak of 133K tons, and then declined dramatically in the following year.
In value terms, exports of dyes; pigments and preparations based therea shrank to $877M in 2022. The total export value increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports attained the peak of $988M, and then contracted in the following year.
| Export of Dyes; Pigments and Preparations Based Thereon in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 93.1 | 87.2 | 132 | 135 | 13.2% |
| China | 86.3 | 94.0 | 130 | 107 | 7.4% |
| Netherlands | 51.1 | 42.7 | 59.7 | 56.7 | 3.5% |
| Japan | 39.6 | 28.8 | 45.5 | 48.1 | 6.7% |
| Germany | 38.7 | 36.0 | 46.1 | 36.3 | -2.1% |
| Brazil | 26.7 | 30.0 | 37.2 | 35.0 | 9.4% |
| Belgium | 32.0 | 30.8 | 41.9 | 32.0 | 0.0% |
| Turkey | 21.8 | 24.8 | 31.8 | 30.5 | 11.8% |
| South Korea | 26.9 | 26.4 | 36.4 | 29.2 | 2.8% |
| Italy | 24.6 | 23.6 | 31.5 | 27.5 | 3.8% |
| United Arab Emirates | 12.8 | 13.1 | 15.6 | 25.5 | 25.8% |
| Indonesia | 24.4 | 23.0 | 32.2 | 25.2 | 1.1% |
| Vietnam | 16.6 | 19.3 | 25.7 | 22.5 | 10.7% |
| Others | 261 | 244 | 322 | 266 | 0.6% |
| Total | 756 | 724 | 988 | 877 | 5.1% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from India in 2022:
- China (16.2K tons)
- United States (13.2K tons)
- Netherlands (6.6K tons)
- Japan (4.9K tons)
- Brazil (4.4K tons)
- Belgium (4.0K tons)
- South Korea (4.0K tons)
- Turkey (3.8K tons)
- Vietnam (3.4K tons)
- United Arab Emirates (3.2K tons)
- Germany (3.1K tons)
- Indonesia (2.8K tons)
- Italy (2.7K tons)
Imports of Dyes; Pigments and Preparations Based Thereon in India
In 2022, approx. 6.8K tons of dyes; pigments and preparations based therea were imported into India; with a decrease of -9.9% compared with 2021. Over the period under review, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports reached the peak of 7.6K tons, and then dropped in the following year.
In value terms, imports of dyes; pigments and preparations based therea shrank to $86M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 35%. As a result, imports reached the peak of $90M, and then reduced slightly in the following year.
| Import of Dyes; Pigments and Preparations Based Thereon in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.0 | 21.1 | 36.6 | 35.9 | 12.8% |
| Germany | 11.7 | 12.1 | 14.8 | 13.2 | 4.1% |
| United States | 7.1 | 6.0 | 7.2 | 7.5 | 1.8% |
| South Korea | 4.8 | 4.2 | 6.4 | 6.4 | 10.1% |
| Switzerland | 2.7 | 2.0 | 1.6 | 4.3 | 16.8% |
| Belgium | 5.6 | 5.6 | 6.8 | 3.1 | -17.9% |
| Netherlands | 5.7 | 4.2 | 4.0 | 2.8 | -21.1% |
| Italy | 1.5 | 1.4 | 1.6 | 2.0 | 10.1% |
| United Kingdom | 1.5 | 0.7 | 0.9 | 1.2 | -7.2% |
| Spain | 1.1 | 1.1 | 1.6 | 1.0 | -3.1% |
| Malaysia | 1.5 | 1.4 | 1.6 | 0.3 | -41.5% |
| Others | 9.0 | 6.6 | 6.9 | 7.9 | -4.3% |
| Total | 77.3 | 66.6 | 90.0 | 85.8 | 3.5% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to India in 2022:
- China (3768.9 tons)
- Germany (535.9 tons)
- South Korea (428.5 tons)
- Italy (354.4 tons)
- United States (329.2 tons)
- Belgium (240.0 tons)
- Switzerland (160.6 tons)
- Netherlands (151.5 tons)
- Spain (138.5 tons)
- United Kingdom (119.5 tons)
- Malaysia (63.2 tons)
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