Dye is a chemical substance that can firmly color fibers or other substances. It is widely used in the coloring of fiber substances, including natural fibers such as cotton, linen, silk, wool, paper and leather, as well as polyester, nylon, acrylic, spandex and Synthetic fibers such as acetate.
my country is the world's largest country in the production, export and consumption of dyes. In 2023, China's annual output of dyes will be 883,000 tons, accounting for about 70% of the world's output. China is not only the largest dye producer, but also the largest dye demander and exporter. , Zhejiang Province is currently the largest dye production base in my country and even the world. According to data provided by the China Dyestuff Industry Association, the total domestic dye production from 2021 to 2023 will be 835,000 tons, 812,000 tons, and 883,000 tons respectively, with production capacity and demand ranking first in the world.
However, affected by the economic situation at home and abroad, in 2023, due to factors such as sluggish demand for downstream textile printing and dyeing, rapid development of the overseas dye industry, increased supply in the domestic dye market, competition in the dye market will gradually intensify, dye sales prices will gradually fall, and dye business income will decrease. Gross profit margin fell year-on-year.
From the perspective of the dye downstream industry chain, according to data from the National Bureau of Statistics, from January to December 2023, the output of printed and dyed fabrics by enterprises above designated size in the printing and dyeing industry was 55.882 billion meters, an increase of 1.30% over the previous year. The growth rate has turned from negative to positive since April 2023. , fluctuating around 1%, maintaining an overall growth trend. However, oversupply is still a key problem facing the current dye market. Competition in the dye industry is fierce, resulting in a relatively low level of profitability in the dye industry.
