Thailand: Colour Lake Market 2025

Colour Lake Market Size in Thailand

In 2021, the Thai colour lake market decreased by -1.1% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, continues to indicate a prominent increase. Colour lake consumption peaked at $X in 2020, and then dropped slightly in the following year.

Colour Lake Production in Thailand

In value terms, colour lake production stood at $X in 2021 estimated in export price. Overall, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 73% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Colour Lake Exports

Exports from Thailand

In 2021, approx. X tons of colour lakes, preparations based on colour lakes were exported from Thailand; waning by -47.8% compared with the previous year's figure. Over the period under review, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2018 when exports increased by 194%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, colour lake exports contracted significantly to $X in 2021. Overall, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 188% against the previous year. 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

The Philippines (X tons), Italy (X kg) and Malaysia (X kg) were the main destinations of colour lake exports from Thailand, together accounting for 75% of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +25.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) emerged as the key foreign market for colour lakes, preparations based on colour lakes exports from Thailand, comprising 36% of total exports. The second position in the ranking was held by the Philippines ($X), with a 13% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia amounted to +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+13.0% per year) and Italy (0.0% per year).

Export Prices by Country

In 2021, the average colour lake export price amounted to $X per ton, shrinking by -42.5% against the previous year. Over the period under review, the export price, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2019 an increase of 92% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to the Philippines ($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 Mexico (+78.2%), while the prices for the other major destinations experienced more modest paces of growth.

Colour Lake Imports

Imports into Thailand

In 2021, after four years of decline, there was significant growth in purchases abroad of colour lakes, preparations based on colour lakes, when their volume increased by 11% to X tons. Over the period under review, imports, however, continue to indicate a mild setback. The most prominent rate of growth was recorded in 2015 with an increase of 17% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, colour lake imports shrank markedly to $X in 2021. Overall, imports, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2016 with an increase of 24% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Peru (X tons) were the main suppliers of colour lake imports to Thailand, together comprising 64% of total imports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +42.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest colour lake suppliers to Thailand were Peru ($X), China ($X) and the United States ($X), with a combined 56% share of total imports.

Among the main suppliers, Peru, with a CAGR of +29.5%, recorded the highest growth rate of 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

The average colour lake import price stood at $X per ton in 2021, dropping by -31.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 16% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then reduced markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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