Dominican Republic: Colour Lake Market 2025

Colour Lake Market Size in the Dominican Republic

After five years of growth, the Dominican colour lake market decreased by -32.5% to $X in 2021. Overall, consumption, however, posted strong growth. Colour lake consumption peaked at $X in 2020, and then dropped significantly in the following year.

Colour Lake Exports

Exports from the Dominican Republic

In 2021, approx. X tons of colour lakes, preparations based on colour lakes were exported from the Dominican Republic; jumping by 532% compared with the year before. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 3,024%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, colour lake exports soared to $X in 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 3,346%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Venezuela (X tons), the United States (X tons) and Jamaica (X tons) were the main destinations of colour lake exports from the Dominican Republic, with a combined 88% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of +151.3%), while the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X) emerged as the key foreign market for colour lakes, preparations based on colour lakes exports from the Dominican Republic, comprising 47% of total exports. The second position in the ranking was taken by the United States ($X), with a 21% share of total exports. It was followed by Haiti, with a 19% share.

From 2012 to 2021, the average annual growth rate of value to Venezuela totaled +255.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+162.1% per year) and Haiti (+169.9% per year).

Export Prices by Country

In 2021, the average colour lake export price amounted to $X per ton, with an increase of 64% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.

Colour Lake Imports

Imports into the Dominican Republic

In 2021, overseas purchases of colour lakes, preparations based on colour lakes decreased by -7.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 114% against the previous year. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, colour lake imports dropped to $X in 2021. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 64% against the previous year. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

The United States (X tons), Spain (X tons) and China (X tons) were the main suppliers of colour lake imports to the Dominican Republic, together accounting for 48% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +83.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of colour lakes, preparations based on colour lakes to the Dominican Republic, comprising 61% of total imports. The second position in the ranking was taken by Spain ($X), with a 7.8% share of total imports. It was followed by Panama, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+71.1% per year) and Panama (+18.1% per year).

Import Prices by Country

The average colour lake import price stood at $X per ton in 2021, which is down by -4.3% against the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 28%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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