Luxembourg: Colour Lake Market 2022

Colour Lake Market Size in Luxembourg

The Luxembourg colour lake market expanded rapidly to $X in 2021, surging by 8.3% against the previous year. Over the period under review, consumption continues to indicate a strong increase. Colour lake consumption peaked in 2021 and is likely to see steady growth in the near future.

Colour Lake Production in Luxembourg

In value terms, colour lake production shrank to $X in 2021 estimated in export price. Overall, production, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 146% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank in the following year.

Colour Lake Exports

Exports from Luxembourg

For the third year in a row, Luxembourg recorded decline in overseas shipments of colour lakes, preparations based on colour lakes, which decreased by -29.8% to X kg in 2021. Overall, exports recorded a precipitous slump. The pace of growth was the most pronounced in 2018 with an increase of 324%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, colour lake exports fell notably to $X in 2021. Over the period under review, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 454% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X kg) was the main destination for colour lake exports from Luxembourg, with a 53% share of total exports. Moreover, colour lake exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X kg), twofold. Ukraine (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic totaled -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-34.8% per year) and Ukraine (0.0% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for colour lake exports from Luxembourg, comprising 55% of total exports. The second position in the ranking was taken by Germany ($X), with a 20% share of total exports. It was followed by Belgium, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-33.8% per year) and Belgium (-31.9% per year).

Export Prices by Country

The average colour lake export price stood at $X per ton in 2021, falling by -5.8% against the previous year. Overall, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, colour lake export price increased by +9.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 63% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Colour Lake Imports

Imports into Luxembourg

In 2021, after five years of decline, there was significant growth in purchases abroad of colour lakes, preparations based on colour lakes, when their volume increased by 271% to X tons. In general, imports, however, continue to indicate a abrupt downturn. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, colour lake imports skyrocketed to $X in 2021. Overall, imports, however, faced a drastic downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest colour lake supplier to Luxembourg, accounting for a 77% share of total imports. Moreover, colour lake imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), tenfold. The third position in this ranking was held by Belgium (X tons), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.3% per year) and Belgium (+2.1% per year).

In value terms, Germany ($X) constituted the largest supplier of colour lake to Luxembourg, comprising 49% of total imports. The second position in the ranking was taken by the UK ($X), with a 21% share of total imports. It was followed by Belgium, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+55.7% per year) and Belgium (-3.0% per year).

Import Prices by Country

The average colour lake import price stood at $X per ton in 2021, declining by -49% against the previous year. Overall, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 an increase of 56%. The import price peaked at $X per ton in 2020, and then fell remarkably in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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