Report Update Apr 1, 2024

Nigeria - Colour Lakes, Preparations Based on Colour Lakes - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Colour Lake Market 2024

Colour Lake Market Size in Nigeria

The Nigerien colour lake market rose modestly to $X in 2022, picking up by X% against the previous year. In general, consumption continues to indicate a significant expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Colour Lake Production in Nigeria

In value terms, colour lake production rose slightly to $X in 2022 estimated in export price. In general, production posted a significant increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Colour lake production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Colour Lake Exports

Exports from Nigeria

In 2020, overseas shipments of colour lakes, preparations based on colour lakes decreased by X% to X kg for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X kg, and then shrank rapidly in the following year.

In value terms, colour lake exports reduced rapidly to $X in 2020. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for colour lake exports from Nigeria, accounting for a approx. X% share of total exports.

From 2018 to 2020, the average annual growth rate of volume to Cote d'Ivoire was relatively modest.

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for colour lakes, preparations based on colour lakes exports from Nigeria.

From 2018 to 2020, the average annual rate of growth in terms of value to Cote d'Ivoire was relatively modest.

Export Prices by Country

In 2020, the average colour lake export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2018 to 2020, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2018 to 2020, the rate of growth in terms of prices for Cote d'Ivoire amounted to X% per year.

Colour Lake Imports

Imports into Nigeria

In 2022, after three years of growth, there was significant decline in purchases abroad of colour lakes, preparations based on colour lakes, when their volume decreased by X% to X tons. Overall, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. 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 surged to $X in 2022. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of colour lake to Nigeria, with a X% share of total imports. Moreover, colour lake imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. The United States (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 India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the United States (X% per year).

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

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

Import Prices by Country

The average colour lake import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price posted a buoyant expansion. The growth pace was the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for colour lakes, preparations based on colour lakes in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, together accounting for 41% of global consumption. Japan, Nigeria, France, the UK, Mexico, South Korea, Democratic Republic of the Congo, Iran, Thailand and Russia lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of colour lakes, preparations based on colour lakes in the world?

The countries with the highest volumes of production in 2022 were China, the United States and India, with a combined 41% share of global production. Japan, Nigeria, France, the UK, Mexico, South Korea, Democratic Republic of the Congo, Iran, Thailand and Russia lagged somewhat behind, together accounting for a further 30%.

What are the leading suppliers of colour lakes, preparations based on colour lakes to Nigeria?

In value terms, India constituted the largest supplier of colour lakes, preparations based on colour lakes to Nigeria, comprising 70% of total imports. The second position in the ranking was taken by Germany, with an 11% share of total imports. It was followed by the United States, with an 8.5% share.

What are the leading importers of colour lakes, preparations based on colour lakes from Nigeria?

In value terms, Cote d'Ivoire emerged as the key foreign market for colour lakes, preparations based on colour lakes exports from Nigeria.

What is the average export price for colour lakes, preparations based on colour lakes in Nigeria?

In 2020, the average colour lake export price amounted to $4,396 per ton, with an increase of 15% against the previous year.

What is the average import price for colour lakes, preparations based on colour lakes in Nigeria?

In 2022, the average colour lake import price amounted to $7,913 per ton, picking up by 42% against the previous year.

This report provides an in-depth analysis of the colour lake market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20122170 - Colour lakes, preparations based on colour lakes

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023