South-Eastern Asia: Colour Lake Market 2024

Colour Lake Market Size in South-Eastern Asia

In 2021, the Southeast Asian colour lake market decreased by -1.9% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, posted strong growth. Over the period under review, the market attained the peak level at $X in 2020, and then fell modestly in the following year.

Colour Lake Production in South-Eastern Asia

In value terms, colour lake production declined to $X in 2021 estimated in export price. In general, production, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 49% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Colour Lake Exports

Exports in South-Eastern Asia

In 2021, the amount of colour lakes, preparations based on colour lakes exported in South-Eastern Asia soared to X tons, picking up by 27% compared with 2020. In general, exports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 176% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, colour lake exports contracted slightly to $X in 2021. Over the period under review, exports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 136%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore represented the largest exporting country with an export of around X tons, which recorded 45% of total exports. It was distantly followed by Malaysia (X tons), Vietnam (X tons), the Philippines (X tons) and Indonesia (X tons), together making up a 51% share of total exports. Thailand (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +77.8%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Singapore ($X) remains the largest colour lake supplier in South-Eastern Asia, comprising 45% of total exports. The second position in the ranking was held by Vietnam ($X), with a 22% share of total exports. It was followed by Malaysia, with an 18% share.

In Singapore, colour lake exports contracted by an average annual rate of -7.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+50.0% per year) and Malaysia (+29.4% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, which is down by -23.3% against the previous year. Export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, colour lake export price increased by +2.8% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 34%. As a result, the export price attained the peak level of $X per ton, and then dropped notably in the following year.

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 Vietnam ($X per ton), while Malaysia ($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 Philippines (+27.1%), while the other leaders experienced more modest paces of growth.

Colour Lake Imports

Imports in South-Eastern Asia

In 2021, after three years of decline, there was significant growth in overseas purchases of colour lakes, preparations based on colour lakes, when their volume increased by 6.6% to X tons. In general, imports, however, saw a deep downturn. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, colour lake imports dropped to $X in 2021. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 15% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of colour lake imports in 2021 were Vietnam (X tons), Indonesia (X tons) and Thailand (X tons), together resulting at 71% of total import. It was distantly followed by the Philippines (X tons), Malaysia (X tons) and Singapore (X tons), together constituting a 28% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +20.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X) constitutes the largest market for imported colour lakes, preparations based on colour lakes in South-Eastern Asia, comprising 40% of total imports. The second position in the ranking was held by Indonesia ($X), with a 20% share of total imports. It was followed by Thailand, with an 18% share.

In Vietnam, colour lake imports expanded at an average annual rate of +12.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (-4.2% per year) and Thailand (-2.4% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, shrinking by -15.9% against the previous year. Over the period under review, the import price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of 46% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020, and then plummeted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+14.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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