GCC: Colour Lake Market 2024

Colour Lake Market Size in GCC

The GCC colour lake market expanded markedly to $X in 2022, increasing by X% against the previous year. Overall, consumption enjoyed a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Colour Lake Production in GCC

In value terms, colour lake production rose remarkably to $X in 2022 estimated in export price. Overall, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Colour Lake Exports

Exports in GCC

Colour lake exports shrank rapidly to X tons in 2022, with a decrease of X% against the year before. Over the period under review, exports continue to indicate a perceptible decline. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, colour lake exports fell significantly to $X in 2022. Overall, exports, however, showed moderate growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the largest exporter of colour lakes, preparations based on colour lakes, constituting X% of total exports. Bahrain (X tons) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%).

Exports from the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest colour lake supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of export peaked at $X per ton in 2021, and then shrank significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Colour Lake Imports

Imports in GCC

In 2022, colour lake imports in GCC soared to X tons, increasing by X% on the year before. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, colour lake imports dropped modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Kuwait was the key importer of colour lakes, preparations based on colour lakes in GCC, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. The United Arab Emirates (X tons) ranks second in terms of the total imports with a X% share, followed by Oman (X%). Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to colour lake imports into Kuwait stood at X%. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) and Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait, the United Arab Emirates and Oman increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest colour lake importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Oman ($X), together accounting for X% of total imports.

In terms of the main importing countries, Oman, with a CAGR of X%, recorded the highest rates of growth with regard to 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 import price in GCC stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price, however, enjoyed a resilient increase. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Oman ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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