ASEAN: Colour Lake Market 2024

Colour Lake Market Size in ASEAN

In 2023, after three years of decline, there was significant growth in the ASEAN colour lake market, when its value increased by X% to $X. The total consumption indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the near future.

Colour Lake Production in ASEAN

In value terms, colour lake production shrank modestly to $X in 2023 estimated in export price. Overall, production showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Colour Lake Exports

Exports in ASEAN

After two years of growth, shipments abroad of colour lakes, preparations based on colour lakes decreased by X% to X tons in 2023. Over the period under review, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, colour lake exports contracted rapidly to $X in 2023. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Singapore (X tons), distantly followed by Malaysia (X tons), the Philippines (X tons), Vietnam (X tons), Thailand (X tons) and Indonesia (X tons) were the main exporters of colour lakes, preparations based on colour lakes, together creating X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Singapore ($X), Thailand ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Vietnam, the Philippines and Indonesia lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price posted buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Colour Lake Imports

Imports in ASEAN

In 2023, imports of colour lakes, preparations based on colour lakes in ASEAN totaled X tons, stabilizing at 2022. Overall, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, colour lake imports amounted to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The level of import peaked at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Vietnam (X tons) and Indonesia (X tons) represented the main importers of colour lakes, preparations based on colour lakes in ASEAN, together comprising X% of total imports. Thailand (X tons) ranks next in terms of the total imports with a X% share, followed by the Philippines (X%), Myanmar (X%), Malaysia (X%) and Singapore (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest colour lake importing markets in ASEAN were Vietnam ($X), the Philippines ($X) and Indonesia ($X), with a combined X% share of total imports. Thailand, Malaysia, Singapore and Myanmar lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then declined slightly in the following year.

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

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

Source: IndexBox Platform