Europe: Colour Lake Market 2024

Colour Lake Market Size in Europe

In 2021, the Europe colour lake market decreased by -22.3% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption, however, showed a resilient expansion. The level of consumption peaked at $X in 2020, and then reduced remarkably in the following year.

Colour Lake Production in Europe

In value terms, colour lake production contracted to $X in 2021 estimated in export price. Overall, production, however, showed buoyant growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 28% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then contracted in the following year.

Colour Lake Exports

Exports in Europe

After three years of growth, overseas shipments of colour lakes, preparations based on colour lakes decreased by -26.1% to X tons in 2021. In general, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 15%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, colour lake exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands was the largest exporter of colour lakes, preparations based on colour lakes in Europe, with the volume of exports amounting to X tons, which was approx. 48% of total exports in 2021. Germany (X tons) held the second position in the ranking, followed by Belgium (X tons), the UK (X tons) and Spain (X tons). All these countries together held approx. 40% share of total exports. France (X tons) and Italy (X tons) took a little 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, Spain (+15.9%), Belgium (+4.4%) and France (+3.0%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in Europe, with a CAGR of +15.9% from 2012-2021. The UK experienced a relatively flat trend pattern. By contrast, Germany (-7.0%) and Italy (-11.2%) illustrated a downward trend over the same period. While the share of Spain (+5.6 p.p.), Belgium (+5.3 p.p.), the UK (+2.1 p.p.) and France (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Italy (-2.3 p.p.), Germany (-4.7 p.p.) and the Netherlands (-10.5 p.p.) displayed negative dynamics.

In value terms, the UK ($X), the Netherlands ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 68% of total exports. France, Belgium, Italy and Spain lagged somewhat behind, together accounting for a further 25%.

France, with a CAGR of +13.7%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 Europe amounted to $X per ton, rising by 56% against the previous year. Export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.9%), while the other leaders experienced more modest paces of growth.

Colour Lake Imports

Imports in 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 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2013 when imports increased by 11% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, colour lake imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons), distantly followed by the Netherlands (X tons), Germany (X tons), Austria (X tons) and France (X tons) were the key importers of colour lakes, preparations based on colour lakes, together achieving 76% of total imports. Spain (X tons), Poland (X tons), Hungary (X tons), the UK (X tons), Greece (X tons) and Portugal (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +11.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest colour lake importing markets in Europe were Belgium ($X), the Netherlands ($X) and France ($X), together accounting for 52% of total imports. Germany, Austria, Poland, the UK, Spain, Hungary, Portugal and Greece lagged somewhat behind, together comprising a further 31%.

Among the main importing countries, Austria, with a CAGR of +12.4%, saw the highest growth rate of 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

In 2021, the import price in Europe amounted to $X per ton, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.3%. The most prominent rate of growth was recorded in 2014 an increase of 18% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

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 France ($X per ton), while Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform