CIS: Colour Lake Market 2024

Colour Lake Market Size in CIS

After five years of growth, the CIS colour lake market decreased by -6.1% to $X in 2021. Over the period under review, consumption, however, continues to indicate a resilient increase. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Colour Lake Production in CIS

In value terms, colour lake production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 22%. The level of production peaked at $X in 2020, and then reduced in the following year.

Colour Lake Exports

Exports in CIS

In 2021, approx. X tons of colour lakes, preparations based on colour lakes were exported in the CIS; picking up by 13% on 2020. In general, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by 50%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, colour lake exports rose significantly to $X in 2021. Overall, exports enjoyed prominent growth. The growth pace was the most rapid in 2013 with an increase of 142% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2021, Armenia (X tons) represented the main exporter of colour lakes, preparations based on colour lakes, making up 64% of total exports. Russia (X tons) ranks second in terms of the total exports with a 31% share, followed by Belarus (4.8%).

From 2012 to 2021, average annual rates of growth with regard to colour lake exports from Armenia stood at +17.1%. At the same time, Belarus (+67.0%) and Russia (+4.4%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +67.0% from 2012-2021. Armenia (+22 p.p.) and Belarus (+4.7 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -26.6% from 2012 to 2021, respectively.

In value terms, the largest colour lake supplying countries in the CIS were Russia ($X), Armenia ($X) and Belarus ($X), together comprising 99% of total exports.

Belarus, with a CAGR of +50.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, almost unchanged from the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 61%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.6%), while the other leaders experienced a decline in the export price figures.

Colour Lake Imports

Imports in CIS

After two years of decline, supplies from abroad of colour lakes, preparations based on colour lakes increased by 25% to X tons in 2021. In general, imports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 when imports increased by 38%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, colour lake imports soared to $X in 2021. Total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.0% against 2019 indices. The level of import peaked at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

Russia was the largest importer of colour lakes, preparations based on colour lakes in the CIS, with the volume of imports resulting at X tons, which was near 70% of total imports in 2021. Belarus (X tons) ranks second in terms of the total imports with an 11% share, followed by Kazakhstan (10%) and Uzbekistan (6.1%).

Russia experienced a relatively flat trend pattern with regard to volume of imports of colour lakes, preparations based on colour lakes. At the same time, Kazakhstan (+31.7%) and Uzbekistan (+16.6%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +31.7% from 2012-2021. By contrast, Belarus (-8.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia, Kazakhstan and Uzbekistan increased by +19, +9.6 and +6.1 percentage points, respectively.

In value terms, the largest colour lake importing markets in the CIS were Russia ($X), Belarus ($X) and Kazakhstan ($X), with a combined 95% share of total imports.

Kazakhstan, with a CAGR of +33.2%, recorded the highest rates of growth with regard to 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 2021, the import price in the CIS amounted to $X per ton, picking up by 3.2% against the previous year. Import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, colour lake import price increased by +33.0% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 29%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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 Belarus ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+10.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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