Northern America: Colour Lake Market 2024

Colour Lake Market Size in Northern America

In 2021, the North American colour lake market decreased by -7.2% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, enjoyed prominent growth. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Colour Lake Production in Northern America

In value terms, colour lake production reduced to $X in 2021 estimated in export price. Overall, production, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 71% against the previous year. The level of production peaked at $X in 2020, and then dropped in the following year.

Colour Lake Exports

Exports in Northern America

In 2021, shipments abroad of colour lakes, preparations based on colour lakes increased by 23% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 24%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, colour lake exports rose markedly to $X in 2021. Overall, exports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 when exports increased by 26% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, reaching X tons, which was approx. 97% of total exports in 2021. Canada (X tons) took a minor share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of colour lakes, preparations based on colour lakes. Canada (-1.7%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest colour lake supplier in Northern America, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to -2.3%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, shrinking by -10.7% against the previous year. In general, the export price saw a noticeable decline. The pace of growth appeared the most rapid in 2020 when the export price increased by 13% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-2.7%).

Colour Lake Imports

Imports in Northern America

In 2021, overseas purchases of colour lakes, preparations based on colour lakes were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 22%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, colour lake imports soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the major importer of colour lakes, preparations based on colour lakes in Northern America, with the volume of imports amounting to X tons, which was near 64% of total imports in 2021. It was distantly followed by Canada (X tons), making up a 36% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +3.9%).

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of imports in 2021.

The United States, with a CAGR of +11.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, with an increase of 12% against the previous year. Import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 28%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.9%).

Source: IndexBox Platform

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