Benelux: Colour Lake Market 2024

Colour Lake Market Size in Benelux

In 2021, the Benelux colour lake market was finally on the rise to reach $X after two years of decline. The total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Colour Lake Production in Benelux

In value terms, colour lake production rose markedly to $X in 2021 estimated in export price. Overall, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 270% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Colour Lake Exports

Exports in Benelux

In 2021, overseas shipments of colour lakes, preparations based on colour lakes decreased by -42.2% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 30%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, colour lake exports reached $X in 2021. Overall, exports showed a perceptible decline. The pace of growth was the most pronounced in 2020 with an increase of 14%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the Netherlands (X tons) was the major exporter of colour lakes, preparations based on colour lakes, comprising 83% of total exports. It was distantly followed by Belgium (X tons), generating a 17% share of total exports.

Exports from the Netherlands decreased at an average annual rate of -6.1% from 2012 to 2021. At the same time, Belgium (+4.4%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +4.4% from 2012-2021. From 2012 to 2021, the share of Belgium increased by +9.9 percentage points.

In value terms, the Netherlands ($X) remains the largest colour lake supplier in Benelux, comprising 83% of total exports. The second position in the ranking was held by Belgium ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands stood at -3.0%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, with an increase of 75% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

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

Colour Lake Imports

Imports in Benelux

Colour lake imports amounted to X tons in 2021, flattening at 2020. In general, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, colour lake imports rose markedly to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Belgium (X tons) was the main importer of colour lakes, preparations based on colour lakes, comprising 60% of total imports. It was distantly followed by the Netherlands (X tons), mixing up a 39% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +1.1%).

In value terms, the largest colour lake importing markets in Benelux were Belgium ($X) and the Netherlands ($X).

In terms of the main importing countries, Belgium, with a CAGR of +3.7%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, rising by 7% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, colour lake import price increased by +11.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 27% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.9%).

Source: IndexBox Platform