Mexico: Colour Lake Market 2025

Colour Lake Market Size in Mexico

The Mexican colour lake market stood at $X in 2021, surging by 9.8% against the previous year. Over the period under review, consumption, however, showed a strong expansion. Colour lake consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Colour Lake Production in Mexico

In value terms, colour lake production soared to $X in 2021 estimated in export price. Overall, production, however, enjoyed a strong increase. The growth pace was the most rapid in 2016 with an increase of 64%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Colour Lake Exports

Exports from Mexico

After two years of growth, overseas shipments of colour lakes, preparations based on colour lakes decreased by -74.3% to X tons in 2021. In general, exports recorded a sharp decline. The pace of growth was the most pronounced in 2020 when exports increased by 40%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, colour lake exports fell markedly to $X in 2021. Over the period under review, exports faced a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 15%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Guatemala (X tons), Costa Rica (X tons) and El Salvador (X tons) were the main destinations of colour lake exports from Mexico, together accounting for 82% of total exports.

From 2012 to 2021, the biggest increases were recorded for Costa Rica (with a CAGR of -5.4%), while shipments for the other leaders experienced a decline.

In value terms, Costa Rica ($X), Guatemala ($X) and El Salvador ($X) were the largest markets for colour lake exported from Mexico worldwide, together accounting for 89% of total exports.

Costa Rica, with a CAGR of +3.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average colour lake export price amounted to $X per ton, which is down by -4.2% against the previous year. Overall, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 88% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Brazil ($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 El Salvador (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Colour Lake Imports

Imports into Mexico

Colour lake imports into Mexico declined remarkably to X tons in 2021, falling by -18.1% against the previous year. In general, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 38%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, colour lake imports declined markedly to $X in 2021. Over the period under review, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 32%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons) and India (X tons) were the main suppliers of colour lake imports to Mexico.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +9.8%).

In value terms, the United States ($X) constituted the largest supplier of colour lakes, preparations based on colour lakes to Mexico, comprising 68% of total imports. The second position in the ranking was taken by India ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +1.4%.

Import Prices by Country

The average colour lake import price stood at $X per ton in 2021, surging by 3.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2014 an increase of 20% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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