Asia-Pacific: Colour Lake Market 2024

Colour Lake Market Size in Asia-Pacific

The Asia-Pacific colour lake market expanded slightly to $X in 2023, increasing by X% against the previous year. The total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Colour Lake Production in Asia-Pacific

In value terms, colour lake production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Colour Lake Exports

Exports in Asia-Pacific

In 2023, after two years of growth, there was decline in shipments abroad of colour lakes, preparations based on colour lakes, when their volume decreased by X% to X tons. In general, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, colour lake exports reduced to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

India dominates exports structure, finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons), together comprising a X% share of total exports. The following exporters - Japan (X tons) and Democratic People's Republic of Korea (X tons) - each recorded a X% share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2023. At the same time, Democratic People's Republic of Korea (X%), China (X%) and Japan (X%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest colour lake supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and China (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. In general, the export price posted a strong expansion. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Colour Lake Imports

Imports in Asia-Pacific

In 2023, approx. X tons of colour lakes, preparations based on colour lakes were imported in Asia-Pacific; declining by X% compared with 2022. In general, imports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports remained at a lower figure.

In value terms, colour lake imports shrank modestly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then declined in the following year.

Imports by Country

The purchases of the four major importers of colour lakes, preparations based on colour lakes, namely China, Bangladesh, Vietnam and Indonesia, represented more than half of total import. Thailand (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%) and India (X%). The following importers - Pakistan (X tons), Myanmar (X tons), New Zealand (X tons), South Korea (X tons), Sri Lanka (X tons) and Malaysia (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest colour lake importing markets in Asia-Pacific were Bangladesh ($X), China ($X) and Vietnam ($X), with a combined X% share of total imports. Pakistan, the Philippines, India, Indonesia, South Korea, Thailand, Malaysia, Sri Lanka, New Zealand and Myanmar lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, import prices attained the peak figure in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform