Spain: Colour Lake Market 2024

Colour Lake Market Size in Spain

The Spanish colour lake market rose rapidly to $X in 2023, growing by X% against the previous year. In general, consumption recorded a resilient expansion. Over the period under review, the market reached the maximum level in 2023 and is likely to see steady growth in the immediate term.

Colour Lake Production in Spain

In value terms, colour lake production reduced to $X in 2023 estimated in export price. In general, production enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2022, and then declined slightly in the following year.

Colour Lake Exports

Exports from Spain

In 2023, the amount of colour lakes, preparations based on colour lakes exported from Spain reduced remarkably to X tons, declining by X% compared with the previous year. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, colour lake exports fell to $X in 2023. In general, total exports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Portugal (X tons), Morocco (X tons) and France (X tons) were the main destinations of colour lake exports from Spain, with a combined X% share of total exports. Ireland, Italy, Ecuador, the Dominican Republic, Cote d'Ivoire, the Netherlands, the United States, Poland and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, 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 X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) were the largest markets for colour lake exported from Spain worldwide, together accounting for X% of total exports. Morocco, Portugal, Italy, Ireland, Poland, the Dominican Republic, the United States, Ecuador and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Cote d'Ivoire, with a CAGR of X%, recorded 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

In 2023, the average colour lake export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, recorded a perceptible contraction. The growth pace was the most rapid in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced more modest paces of growth.

Colour Lake Imports

Imports into Spain

In 2023, imports of colour lakes, preparations based on colour lakes into Spain rose sharply to X tons, increasing by X% compared with the previous year's figure. Over the period under review, imports showed a notable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, colour lake imports rose notably to $X in 2023. In general, imports continue to indicate resilient growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Belgium (X tons), France (X tons) and India (X tons) were the main suppliers of colour lake imports to Spain, together comprising X% of total imports. Peru, Germany, Italy, the United States and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

France, with a CAGR of X%, 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 2023, the average colour lake import price amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the average import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform