Finland: Colour Lake Market 2025

Colour Lake Market Size in Finland

The Finnish colour lake market declined rapidly to $X in 2021, waning by -30.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a remarkable increase. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Colour Lake Exports

Exports from Finland

For the fourth year in a row, Finland recorded growth in shipments abroad of colour lakes, preparations based on colour lakes, which increased by 8.6% to X tons in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 1,561% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, colour lake exports declined dramatically to $X in 2021. Over the period under review, exports, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2016 when exports increased by 681%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X kg) was the main destination for colour lake exports from Finland, accounting for a 59% share of total exports. Moreover, colour lake exports to Denmark exceeded the volume sent to the second major destination, Belarus (X kg), twofold. Norway (X kg) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Denmark amounted to +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (0.0% per year) and Norway (+34.6% per year).

In value terms, the largest markets for colour lake exported from Finland were Denmark ($X), Belarus ($X) and Norway ($X), with a combined 59% share of total exports.

Norway, with a CAGR of +46.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average colour lake export price amounted to $X per ton, declining by -39.3% against the previous year. Overall, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 106% against the previous year. The export price 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 for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Denmark ($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 China (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Colour Lake Imports

Imports into Finland

In 2021, approx. X tons of colour lakes, preparations based on colour lakes were imported into Finland; declining by -27.8% against the year before. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 408%. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, colour lake imports contracted markedly to $X in 2021. Overall, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by 209% against the previous year. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2021, Belgium (X tons) was the main supplier of colour lake to Finland, accounting for a 95% share of total imports. It was followed by the United States (X kg), with a 1.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+35.1% per year) and Germany (-14.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of colour lakes, preparations based on colour lakes to Finland, comprising 92% of total imports. The second position in the ranking was taken by Germany ($X), with a 1.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.2% per year) and the United States (+19.8% per year).

Import Prices by Country

The average colour lake import price stood at $X per ton in 2021, increasing by 2.1% against the previous year. Overall, the import price showed a modest expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 135% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+3,701.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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