Middle East: Colour Lake Market 2024

Colour Lake Market Size in the Middle East

In 2021, after five years of growth, there was significant decline in the Middle Eastern colour lake market, when its value decreased by -7% to $X. Over the period under review, consumption, however, recorded a buoyant expansion. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Colour Lake Production in the Middle East

In value terms, colour lake production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 35% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Colour Lake Exports

Exports in the Middle East

In 2021, overseas shipments of colour lakes, preparations based on colour lakes increased by 39% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 90%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, colour lake exports soared to $X in 2021. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) and Saudi Arabia (X tons) represented roughly 67% of total exports in 2021. Israel (X tons) ranks next in terms of the total exports with an 11% share, followed by Bahrain (6%), Palestine (5.6%) and Oman (4.6%). The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +33.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Palestine ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 61% of total exports. These countries were followed by Saudi Arabia, Israel, Oman and Bahrain, which together accounted for a further 37%.

Bahrain, with a CAGR of +23.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, falling by -7.7% against the previous year. In general, the export price saw a mild setback. The most prominent rate of growth was recorded in 2019 an increase of 26% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+23.4%), while the other leaders experienced a decline in the export price figures.

Colour Lake Imports

Imports in the Middle East

In 2021, supplies from abroad of colour lakes, preparations based on colour lakes decreased by -11.9% to X tons, falling for the eighth year in a row after two years of growth. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 5.3% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, colour lake imports expanded modestly to $X in 2021. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2013 when imports increased by 14%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of colour lake imports in 2021 were Turkey (X tons), the United Arab Emirates (X tons), Iran (X tons) and Israel (X tons), together resulting at 79% of total import. The following importers - Qatar (X tons), Palestine (X tons), Kuwait (X tons), Iraq (X tons), Yemen (X tons), Oman (X tons) and Syrian Arab Republic (X tons) - together made up 20% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Oman (with a CAGR of +32.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest colour lake importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iran ($X), together accounting for 70% of total imports. Israel, Palestine, Syrian Arab Republic, Kuwait, Iraq, Oman, Qatar and Yemen lagged somewhat behind, together comprising a further 28%.

Oman, with a CAGR of +53.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, with an increase of 18% against the previous year. Overall, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 an increase of 70%. Over the period under review, import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+19.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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