Turkey: Colour Lake Market 2025

Colour Lake Market Size in Turkey

The Turkish colour lake market totaled $X in 2021, flattening at the previous year. In general, consumption, however, showed a buoyant increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Colour Lake Production in Turkey

In value terms, colour lake production expanded to $X in 2021 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.3% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 42% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Colour Lake Exports

Exports from Turkey

In 2021, shipments abroad of colour lakes, preparations based on colour lakes increased by 42% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 91%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, colour lake exports skyrocketed to $X in 2021. Overall, exports, however, showed a drastic downturn. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Iran (X tons) was the main destination for colour lake exports from Turkey, with a 50% share of total exports. Moreover, colour lake exports to Iran exceeded the volume sent to the second major destination, Serbia (X tons), threefold. Bulgaria (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Iran stood at +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+55.3% per year) and Bulgaria (+134.0% per year).

In value terms, Iran ($X) emerged as the key foreign market for colour lakes, preparations based on colour lakes exports from Turkey, comprising 55% of total exports. The second position in the ranking was taken by Serbia ($X), with a 7% share of total exports. It was followed by Poland, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iran totaled +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+57.3% per year) and Poland (+97.5% per year).

Export Prices by Country

The average colour lake export price stood at $X per ton in 2021, picking up by 57% against the previous year. Overall, the export price, however, recorded a noticeable contraction. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Serbia ($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 Free Zones (+38.5%), while the prices for the other major destinations experienced more modest paces of growth.

Colour Lake Imports

Imports into Turkey

In 2021, the amount of colour lakes, preparations based on colour lakes imported into Turkey rose markedly to X tons, increasing by 8.5% against 2020 figures. Over the period under review, imports, however, saw a mild reduction. The growth pace was the most rapid in 2015 with an increase of 85% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, colour lake imports skyrocketed to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +12.8% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 46% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

The UK (X tons), India (X tons) and China (X tons) were the main suppliers of colour lake imports to Turkey, with a combined 71% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +38.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of colour lakes, preparations based on colour lakes to Turkey, comprising 44% of total imports. The second position in the ranking was held by India ($X), with an 18% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+26.4% per year) and France (+21.6% per year).

Import Prices by Country

The average colour lake import price stood at $X per ton in 2021, growing by 8.6% against the previous year. Overall, the import price enjoyed a strong increase. The growth pace was the most rapid in 2017 when the average import price increased by 80% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a 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 Peru ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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