Eastern Asia: Colour Lake Market 2024

Colour Lake Market Size in Eastern Asia

In 2021, after three years of growth, there was significant decline in the East Asian colour lake market, when its value decreased by -5.2% to $X. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +91.9% against 2013 indices. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Colour Lake Production in Eastern Asia

In value terms, colour lake production reduced to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +4.6% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 42% against the previous year. The level of production peaked at $X in 2020, and then dropped modestly in the following year.

Colour Lake Exports

Exports in Eastern Asia

For the fourth consecutive year, Eastern Asia recorded decline in overseas shipments of colour lakes, preparations based on colour lakes, which decreased by -4.6% to X tons in 2021. Overall, exports continue to indicate a pronounced descent. The growth pace was the most rapid in 2017 with an increase of 219% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, colour lake exports amounted to $X in 2021. Over the period under review, exports showed a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of 149% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons), together resulting at 90% of total export. It was distantly followed by Japan (X tons), committing a 6.4% share of total exports. Hong Kong SAR (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +13.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest colour lake supplying countries in Eastern Asia were South Korea ($X), China ($X) and Japan ($X), with a combined 79% share of total exports.

In terms of the main exporting countries, China, with a CAGR of +22.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, picking up by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 when the export price increased by 24% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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 Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the other leaders experienced more modest paces of growth.

Colour Lake Imports

Imports in Eastern Asia

Colour lake imports rose rapidly to X tons in 2021, surging by 13% on the year before. Overall, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 17% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, colour lake imports rose sharply to $X in 2021. Over the period under review, imports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 29% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China prevails in imports structure, accounting for X tons, which was near 79% of total imports in 2021. It was distantly followed by Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together comprising a 19% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the colour lakes, preparations based on colour lakes imports, with a CAGR of +1.4% from 2012 to 2021. Taiwan (Chinese) (-4.9%), Hong Kong SAR (-10.2%), Japan (-13.1%) and South Korea (-23.3%) illustrated a downward trend over the same period. China (+39 p.p.) significantly strengthened its position in terms of the total imports, while Japan and South Korea saw its share reduced by -7.2% and -31.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported colour lakes, preparations based on colour lakes in Eastern Asia, comprising 77% of total imports. The second position in the ranking was taken by South Korea ($X), with a 10% share of total imports. It was followed by Japan, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +6.1%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-20.1% per year) and Japan (-5.7% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, reducing by -3.2% against the previous year. Import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.2% 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 decreased by -18.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 21%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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