Myanmar: Colour Lake Market 2022

Colour Lake Market Size in Myanmar

In 2021, after three years of growth, there was significant decline in the Myanmar's colour lake market, when its value decreased by -63.6% to $X. Over the period under review, consumption recorded a deep slump. Colour lake consumption peaked at $X in 2020, and then declined sharply in the following year.

Colour Lake Exports

Exports from Myanmar

In 2021, the amount of colour lakes, preparations based on colour lakes exported from Myanmar stood at less than X kg, leveling off at the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, colour lake exports totaled less than $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Colour Lake Imports

Imports into Myanmar

In 2021, approx. X tons of colour lakes, preparations based on colour lakes were imported into Myanmar; waning by -64.4% compared with the previous year. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 95% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, colour lake imports reduced markedly to $X in 2021. Overall, imports showed a mild decrease. The pace of growth was the most pronounced in 2018 with an increase of 125%. Over the period under review, imports hit record highs at $X in 2020, and then reduced markedly in the following year.

Imports by Country

India (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of colour lake imports to Myanmar, with a combined 100% share of total imports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +45.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, India ($X) constituted the largest supplier of colour lake to Myanmar, comprising 92% of total imports. The second position in the ranking was held by China ($X), with a 3.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from India totaled +32.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.5% per year) and Taiwan (Chinese) (-23.9% per year).

Import Prices by Country

The average colour lake import price stood at $X per ton in 2021, picking up by 3.2% against the previous year. Over the period under review, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 71%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+26.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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