India: Colour Lake Market 2025

Colour Lake Market Size in India

In 2021, after nine years of growth, there was significant decline in the Indian colour lake market, when its value decreased by -6.2% to $X. In general, consumption, however, posted a strong expansion. Colour lake consumption peaked at $X in 2020, and then shrank in the following year.

Colour Lake Production in India

In value terms, colour lake production reduced to $X in 2021 estimated in export price. In general, production, however, saw a strong expansion. The growth pace was the most rapid in 2018 with an increase of 57% against the previous year. Colour lake production peaked at $X in 2020, and then fell in the following year.

Colour Lake Exports

Exports from India

After four years of decline, shipments abroad of colour lakes, preparations based on colour lakes increased by 16% to X tons in 2021. Over the period under review, exports recorded a slight expansion. The growth pace was the most rapid in 2013 with an increase of 90% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, colour lake exports amounted to $X in 2021. Overall, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 38%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa (X tons), Mexico (X tons) and the United Arab Emirates (X tons) were the main destinations of colour lake exports from India, with a combined 46% share of total exports. These countries were followed by Bangladesh, the United States, Indonesia, China, the Philippines, Kenya and Tanzania, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +27.9%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) remains the key foreign market for colour lakes, preparations based on colour lakes exports from India, comprising 33% of total exports. The second position in the ranking was held by South Africa ($X), with an 11% share of total exports. It was followed by Mexico, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh amounted to +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+9.8% per year) and Mexico (+31.9% per year).

Export Prices by Country

In 2021, the average colour lake export price amounted to $X per ton, reducing by -4.3% against the previous year. In general, the export price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 56%. The export price peaked at $X per ton in 2020, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to the United Arab Emirates ($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 Kenya (+41.0%), while the prices for the other major destinations experienced more modest paces of growth.

Colour Lake Imports

Imports into India

In 2021, approx. X tons of colour lakes, preparations based on colour lakes were imported into India; picking up by 54% against the year before. In general, imports, however, showed a abrupt decline. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, colour lake imports expanded slightly to $X in 2021. Overall, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +39.4% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 44%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of colour lake to India, accounting for a 76% share of total imports. Moreover, colour lake imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X tons), sixfold. Thailand (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+6.4% per year) and Thailand (-35.3% per year).

In value terms, the United States ($X) constituted the largest supplier of colour lakes, preparations based on colour lakes to India, comprising 63% of total imports. The second position in the ranking was held by the UK ($X), with a 21% share of total imports. It was followed by Curacao, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+6.6% per year) and Curacao (+28.2% per year).

Import Prices by Country

In 2021, the average colour lake import price amounted to $X per ton, declining by -32.9% against the previous year. Over the period under review, the import price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2014 when the average import price increased by 98% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then reduced sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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