Spain: Colour Lake Market 2025

Colour Lake Market Size in Spain

In 2021, the Spanish colour lake market decreased by -99.7% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption saw a sharp slump. Colour lake consumption peaked at $X in 2020, and then reduced remarkably in the following year.

Colour Lake Production in Spain

In value terms, colour lake production soared to $X in 2021 estimated in export price. In general, production, however, posted a strong expansion. The growth pace was the most rapid in 2013 with an increase of 38%. Colour lake production peaked in 2021 and is likely to see gradual growth in the near future.

Colour Lake Exports

Exports from Spain

In 2021, approx. X tons of colour lakes, preparations based on colour lakes were exported from Spain; with an increase of 62% against 2020. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 86%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, colour lake exports surged to $X in 2021. Overall, total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 2017 with an increase of 37%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Algeria (X tons), Portugal (X tons) and Ireland (X tons) were the main destinations of colour lake exports from Spain, together comprising 38% of total exports. These countries were followed by Senegal, Morocco, Cote d'Ivoire, France, Cuba, the Dominican Republic, Ecuador, Germany and Italy, which together accounted for a further 50%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of +530.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for colour lake exported from Spain were Algeria ($X), France ($X) and Portugal ($X), with a combined 33% share of total exports. Morocco, Ireland, Germany, the Dominican Republic, Senegal, Cuba, Cote d'Ivoire, Ecuador and Italy lagged somewhat behind, together comprising a further 40%.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of +493.7%, saw the highest rates of growth with regard to 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

In 2021, the average colour lake export price amounted to $X per ton, falling by -24% against the previous year. In general, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 36%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Senegal ($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 Algeria (+7.3%), while the prices for the other major destinations experienced a decline.

Colour Lake Imports

Imports into Spain

In 2021, purchases abroad of colour lakes, preparations based on colour lakes was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 108%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, colour lake imports shrank markedly to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.3% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 77%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest colour lake supplier to Spain, with a 51% share of total imports. Moreover, colour lake imports from France exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+18.6% per year) and Germany (+12.7% per year).

In value terms, France ($X), Peru ($X) and India ($X) were the largest colour lake suppliers to Spain, with a combined 69% share of total imports. Germany, Denmark, Italy, Belgium and the UK lagged somewhat behind, together comprising a further 27%.

Denmark, with a CAGR of +77.8%, recorded the highest growth rate of the value of imports, among the main suppliers 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, waning by -44.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 41%. The import price peaked at $X per ton in 2020, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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