Eastern Europe: Colour Lake Market 2024

Colour Lake Market Size in Eastern Europe

In 2021, after five years of growth, there was significant decline in the East European colour lake market, when its value decreased by -7% to $X. Overall, consumption, however, posted a buoyant increase. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Colour Lake Production in Eastern Europe

In value terms, colour lake production shrank to $X in 2021 estimated in export price. Overall, production, however, showed strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 33% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Colour Lake Exports

Exports in Eastern Europe

In 2021, exports of colour lakes, preparations based on colour lakes in Eastern Europe soared to X tons, increasing by 21% compared with 2020 figures. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.0% against 2018 indices. The growth pace was the most rapid in 2015 when exports increased by 106%. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, colour lake exports surged to $X in 2021. Overall, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 62% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Poland was the largest exporting country with an export of around X tons, which accounted for 45% of total exports. It was distantly followed by Hungary (X tons), Russia (X tons) and Lithuania (X tons), together making up a 49% share of total exports. The following exporters - Belarus (X tons) and Ukraine (X tons) - together made up 4.3% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belarus (with a CAGR of +67.0%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Poland ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 92% share of total exports. These countries were followed by Lithuania, Belarus and Ukraine, which together accounted for a further 3.9%.

In terms of the main exporting countries, Belarus, with a CAGR of +50.0%, recorded the highest growth rate of the value of exports, 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 Eastern Europe amounted to $X per ton, picking up by 5.3% against the previous year. Export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.5% 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 export price decreased by -3.7% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 36% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 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 Hungary ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+9.9%), while the other leaders experienced more modest paces of growth.

Colour Lake Imports

Imports in Eastern Europe

In 2021, purchases abroad of colour lakes, preparations based on colour lakes was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 21%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, colour lake imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 33% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X tons) and Hungary (X tons) were the largest importers of colour lakes, preparations based on colour lakes in 2021, accounting for approx. 20% and 20% of total imports, respectively. The Czech Republic (X tons) ranks next in terms of the total imports with a 13% share, followed by Russia (11%), Slovakia (8.9%), Latvia (8.9%) and Romania (6%).

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +39.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Hungary ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2021, with a combined 62% share of total imports. Russia, Romania, Slovakia and Latvia lagged somewhat behind, together accounting for a further 26%.

Among the main importing countries, Slovakia, with a CAGR of +28.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, approximately mirroring the previous year. Import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.6% 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 +70.8% against 2016 indices. The growth pace was the most rapid in 2019 when the import price increased by 23%. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the near future.

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 Poland ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :