Hungary: Colour Lake Market 2024

Colour Lake Market Size in Hungary

After five years of growth, the Hungarian colour lake market decreased by -7.1% to $X in 2021. In general, consumption, however, recorded a remarkable increase. Colour lake consumption peaked at $X in 2020, and then fell in the following year.

Colour Lake Production in Hungary

In value terms, colour lake production reduced to $X in 2021 estimated in export price. Overall, production, however, posted strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 50%. Colour lake production peaked at $X in 2020, and then fell in the following year.

Colour Lake Exports

Exports from Hungary

In 2021, approx. X tons of colour lakes, preparations based on colour lakes were exported from Hungary; picking up by 10% compared with 2020. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 73%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, colour lake exports soared to $X in 2021. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 209% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The Czech Republic (X tons), Slovakia (X tons) and Romania (X tons) were the main destinations of colour lake exports from Hungary, together accounting for 71% of total exports. These countries were followed by Italy, the Netherlands, Poland, Belgium and Serbia, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +100.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for colour lake exported from Hungary were the Czech Republic ($X), Slovakia ($X) and Italy ($X), together comprising 53% of total exports. These countries were followed by Romania, the Netherlands, Poland, Belgium and Serbia, which together accounted for a further 28%.

Serbia, with a CAGR of +113.2%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average colour lake export price stood at $X per ton in 2021, picking up by 13% against the previous year. Overall, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 119% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Czech Republic ($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 the Netherlands (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Colour Lake Imports

Imports into Hungary

In 2021, approx. X tons of colour lakes, preparations based on colour lakes were imported into Hungary; approximately reflecting the previous year. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2013 when imports increased by 54% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, colour lake imports stood at $X in 2021. Over the period under review, imports, however, showed a modest increase. The pace of growth appeared the most rapid in 2013 with an increase of 123% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of colour lake to Hungary, with a 70% share of total imports. Moreover, colour lake imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. The third position in this ranking was held by Poland (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+65.8% per year) and Poland (+37.9% per year).

In value terms, Germany ($X) constituted the largest supplier of colour lakes, preparations based on colour lakes to Hungary, comprising 68% of total imports. The second position in the ranking was held by Belgium ($X), with a 16% share of total imports. It was followed by Poland, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+76.8% per year) and Poland (+40.9% per year).

Import Prices by Country

In 2021, the average colour lake import price amounted to $X per ton, approximately mirroring the previous year. In general, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.8% 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 import price increased by +82.3% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 45% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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