Hong Kong SAR, China: Colour Lake Market 2024

Colour Lake Market Size in Hong Kong SAR, China

The Hong Kong colour lake market declined to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, continues to indicate a strong increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Colour Lake Production in Hong Kong SAR, China

In value terms, colour lake production declined slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Colour Lake Exports

Exports from Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in overseas shipments of colour lakes, preparations based on colour lakes, when their volume decreased by X% to X tons. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, colour lake exports surged to $X in 2022. Over the period under review, exports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for colour lake exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, colour lake exports to China exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and South Korea (X% per year).

In value terms, the largest markets for colour lake exported from Hong Kong SAR were the Philippines ($X), South Korea ($X) and China ($X), together comprising X% of total exports.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average colour lake export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price saw a pronounced expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

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 more modest paces of growth.

Colour Lake Imports

Imports into Hong Kong SAR, China

For the third consecutive year, Hong Kong SAR recorded growth in overseas purchases of colour lakes, preparations based on colour lakes, which increased by X% to X tons in 2022. Over the period under review, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, colour lake imports soared to $X in 2022. Overall, total imports indicated a slight expansion from 2012 to 2022: its value 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of colour lake to Hong Kong SAR, accounting for a X% share of total imports. Moreover, colour lake imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest.

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

From 2012 to 2022, the average annual growth rate of value from China stood at X%.

Import Prices by Country

The average colour lake import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price posted a strong increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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