Singapore: Colour Lake Market 2025

Colour Lake Market Size in Singapore

In 2021, after three years of growth, there was decline in the Singaporean colour lake market, when its value decreased by -4.4% to $X. In general, consumption, however, showed resilient growth. Colour lake consumption peaked at $X in 2020, and then fell modestly in the following year.

Colour Lake Production in Singapore

In value terms, colour lake production reduced to $X in 2021 estimated in export price. In general, production, however, saw strong growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 114%. Colour lake production peaked at $X in 2020, and then fell modestly in the following year.

Colour Lake Exports

Exports from Singapore

In 2021, colour lake exports from Singapore rose rapidly to X tons, with an increase of 6% compared with the year before. Overall, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 368%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, colour lake exports amounted to $X in 2021. Over the period under review, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 351% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons), Indonesia (X tons) and Malaysia (X tons) were the main destinations of colour lake exports from Singapore, together comprising 80% of total exports. These countries were followed by Israel, Vietnam, Thailand and Pakistan, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +53.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Indonesia ($X) and Israel ($X) constituted the largest markets for colour lake exported from Singapore worldwide, together comprising 73% of total exports. These countries were followed by Malaysia, Vietnam, Pakistan and Thailand, which together accounted for a further 24%.

In terms of the main countries of destination, Pakistan, with a CAGR of +37.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average colour lake export price stood at $X per ton in 2021, dropping by -5.5% against the previous year. In general, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, colour lake export price increased by +9.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 36% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Thailand ($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 Malaysia (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Colour Lake Imports

Imports into Singapore

In 2021, imports of colour lakes, preparations based on colour lakes into Singapore expanded significantly to X tons, growing by 11% against 2020 figures. Over the period under review, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 111% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, colour lake imports fell to $X in 2021. In general, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2019 when imports increased by 217% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and South Korea (X tons) were the main suppliers of colour lake imports to Singapore, together comprising 87% of total imports. These countries were followed by France, the United States, Malaysia, Peru, Denmark, the UK, Mexico and Japan, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +125.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest colour lake suppliers to Singapore were India ($X), China ($X) and France ($X), with a combined 73% share of total imports.

In terms of the main suppliers, France, with a CAGR of +115.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average colour lake import price amounted to $X per ton, reducing by -19.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 51% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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 Japan ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+34.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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