Iran: Colour Lake Market 2024

Colour Lake Market Size in Iran

In 2021, after five years of growth, there was significant decline in the Iranian colour lake market, when its value decreased by -6.2% to $X. Overall, consumption, however, saw a buoyant increase. Colour lake consumption peaked at $X in 2020, and then dropped in the following year.

Colour Lake Production in Iran

In value terms, colour lake production dropped to $X in 2021 estimated in export price. Overall, production, however, showed a strong expansion. The growth pace was the most rapid in 2018 with an increase of 30% against the previous year. Colour lake production peaked at $X in 2020, and then shrank in the following year.

Colour Lake Exports

Exports from Iran

In 2021, the amount of colour lakes, preparations based on colour lakes exported from Iran declined markedly to X tons, with a decrease of -18.7% on the year before. Overall, exports saw a dramatic shrinkage. The growth pace was the most rapid in 2015 with an increase of 99.9%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, colour lake exports fell to $X in 2021. Over the period under review, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 100% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Jordan (X tons) and Azerbaijan (X kg) were the main destinations of colour lake exports from Iran.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of -9.8%), while the other leaders experienced a decline.

In value terms, the largest markets for colour lake exported from Iran were Jordan ($X), the United Arab Emirates ($X) and Azerbaijan ($X), together accounting for 99% of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of -8.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average colour lake export price stood at $X per ton in 2021, increasing by 6.5% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Azerbaijan ($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 United Arab Emirates (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Colour Lake Imports

Imports into Iran

In 2021, the amount of colour lakes, preparations based on colour lakes imported into Iran surged to X tons, with an increase of 38% against the previous year's figure. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 62%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, colour lake imports dropped modestly to $X in 2021. Overall, imports, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 146% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of colour lake to Iran, with a 57% share of total imports. Moreover, colour lake imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by Italy (X tons), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.7% per year) and Italy (-10.6% per year).

In value terms, India ($X) constituted the largest supplier of colour lakes, preparations based on colour lakes to Iran, comprising 78% of total imports. The second position in the ranking was taken by Peru ($X), with a 4% share of total imports. It was followed by Malaysia, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+6.8% per year) and Malaysia (-15.7% per year).

Import Prices by Country

In 2021, the average colour lake import price amounted to $X per ton, waning by -31% against the previous year. In general, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.5% 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 decreased by -41.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 56% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for China ($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 (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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