New Zealand: Colour Lake Market 2024

Colour Lake Market Size in New Zealand

After five years of growth, the New Zealand colour lake market decreased by -6% to $X in 2021. In general, consumption, however, saw a resilient increase. Colour lake consumption peaked at $X in 2020, and then fell in the following year.

Colour Lake Production in New Zealand

In value terms, colour lake production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, showed buoyant growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 63% against the previous year. Colour lake production peaked at $X in 2020, and then declined in the following year.

Colour Lake Exports

Exports from New Zealand

In 2021, approx. X tons of colour lakes, preparations based on colour lakes were exported from New Zealand; with an increase of 63% against the previous year. Overall, exports, however, recorded a perceptible decrease. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, colour lake exports surged to $X in 2021. In general, exports, however, showed a abrupt shrinkage. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Fiji (X tons) was the main destination for colour lake exports from New Zealand, with a 90% share of total exports. Moreover, colour lake exports to Fiji exceeded the volume sent to the second major destination, American Samoa (X kg), more than tenfold. The third position in this ranking was taken by Papua New Guinea (X kg), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to Fiji totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: American Samoa (-14.3% per year) and Papua New Guinea (+7.7% per year).

In value terms, Fiji ($X) remains the key foreign market for colour lakes, preparations based on colour lakes exports from New Zealand, comprising 83% of total exports. The second position in the ranking was taken by American Samoa ($X), with a 6.7% share of total exports. It was followed by Papua New Guinea, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to Fiji amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: American Samoa (-15.2% per year) and Papua New Guinea (+10.2% per year).

Export Prices by Country

In 2021, the average colour lake export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 47% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 Papua New Guinea ($X per ton), while the average price for exports to Fiji ($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 Papua New Guinea (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Colour Lake Imports

Imports into New Zealand

In 2021, after two years of growth, there was significant decline in purchases abroad of colour lakes, preparations based on colour lakes, when their volume decreased by -8.6% to X tons. Over the period under review, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 218%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, colour lake imports shrank to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +29.9% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 48%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Australia (X tons) was the main colour lake supplier to New Zealand, with a 91% share of total imports. Moreover, colour lake imports from Australia exceeded the figures recorded by the second-largest supplier, Peru (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Australia totaled +27.1%.

In value terms, the largest colour lake suppliers to New Zealand were Peru ($X) and Australia ($X).

In terms of the main suppliers, Peru, with a CAGR of +22.8%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the average colour lake import price amounted to $X per ton, declining by -3.3% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 78%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Peru ($X per ton), while the price for Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (-4.8%).

Source: IndexBox Platform

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