Australia and Oceania: Colour Lake Market 2024

Colour Lake Market Size in Australia and Oceania

In 2021, after five years of growth, there was significant decline in the colour lake market in Australia and Oceania, when its value decreased by -5.3% to $X. Over the period under review, consumption, however, posted strong growth. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Colour Lake Production in Australia and Oceania

In value terms, colour lake production contracted to $X in 2021 estimated in export price. Overall, production, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 61%. The level of production peaked at $X in 2020, and then shrank in the following year.

Colour Lake Exports

Exports in Australia and Oceania

In 2021, overseas shipments of colour lakes, preparations based on colour lakes increased by 44% to X tons, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 369%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, colour lake exports skyrocketed to $X in 2021. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 344% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

In 2021, Australia (X tons) represented the largest exporter of colour lakes, preparations based on colour lakes, mixing up 90% of total exports. It was distantly followed by New Zealand (X tons), comprising a 10% share of total exports.

Australia was also the fastest-growing in terms of the colour lakes, preparations based on colour lakes exports, with a CAGR of +40.5% from 2012 to 2021. New Zealand (-3.2%) illustrated a downward trend over the same period. While the share of Australia (+67 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-62.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest colour lake supplier in Australia and Oceania, comprising 92% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 8.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled +35.9%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, rising by 18% against the previous year. Overall, the export price, however, saw a perceptible decline. The pace of growth was the most pronounced in 2018 when the export price increased by 112% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-3.3%).

Colour Lake Imports

Imports in Australia and Oceania

In 2021, after two years of growth, there was decline in supplies from abroad of colour lakes, preparations based on colour lakes, when their volume decreased by -3% to X tons. Total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +20.5% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 51% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, colour lake imports fell to $X in 2021. Overall, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2017 when imports increased by 201% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

New Zealand was the largest importing country with an import of about X tons, which recorded 67% of total imports. It was distantly followed by Australia (X tons), committing a 31% share of total imports.

New Zealand was also the fastest-growing in terms of the colour lakes, preparations based on colour lakes imports, with a CAGR of +16.0% from 2012 to 2021. Australia (-3.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand increased by +40 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported colour lakes, preparations based on colour lakes in Australia and Oceania, comprising 71% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to +14.5%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, shrinking by -1.8% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by 150% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+19.0%).

Source: IndexBox Platform

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