Canada: Colour Lake Market 2024

Colour Lake Market Size in Canada

The Canadian colour lake market expanded significantly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed a strong increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Colour Lake Production in Canada

In value terms, colour lake production reached $X in 2022 estimated in export price. Overall, production posted a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Colour Lake Exports

Exports from Canada

After three years of growth, overseas shipments of colour lakes, preparations based on colour lakes decreased by X% to X tons in 2022. Overall, exports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, colour lake exports shrank to $X in 2022. In general, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for colour lake exports from Canada, accounting for a X% share of total exports. It was followed by Belgium (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) remains the key foreign market for colour lakes, preparations based on colour lakes exports from Canada, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%.

Export Prices by Country

The average colour lake export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, saw a slight descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced a decline.

Colour Lake Imports

Imports into Canada

In 2022, the amount of colour lakes, preparations based on colour lakes imported into Canada fell to X tons, with a decrease of X% against 2021. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, colour lake imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest colour lake supplier to Canada, with a X% share of total imports. Moreover, colour lake imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), tenfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and India (X% per year).

In value terms, the United States ($X) constituted the largest supplier of colour lakes, preparations based on colour lakes to Canada, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Peru (X% per year).

Import Prices by Country

In 2022, the average colour lake import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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