Republic of Korea - Colouring Matter Of Vegetable Or Animal Origin - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Vegetable or Animal Colouring Matter in South Korea - 2022
Contents:
- Price for Vegetable or Animal Colouring Matter in South Korea (CIF) - 2022
- Price for Vegetable or Animal Colouring Matter in South Korea (FOB) - 2022
- Imports of Vegetable or Animal Colouring Matter in South Korea
- Exports of Vegetable or Animal Colouring Matter in South Korea
Price for Vegetable or Animal Colouring Matter in South Korea (CIF) - 2022
In 2022, the average import price for colouring matter of vegetable or animal origin amounted to $33,034 per ton, increasing by 8.6% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable or animal colouring matter import price decreased by -4.0% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 67% against the previous year. As a result, import price reached the peak level of $41,099 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($223,292 per ton), while the price for Singapore ($5,217 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetable or Animal Colouring Matter in South Korea (FOB) - 2022
The average export price for colouring matter of vegetable or animal origin stood at $26,747 per ton in December 2022, flattening at the previous month. In general, export price indicated moderate growth from December 2021 to December 2022: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, vegetable or animal colouring matter export price decreased by -35.3% against October 2022 indices. The pace of growth was the most pronounced in October 2022 when the average export price increased by 44% m-o-m. As a result, the export price reached the peak level of $41,317 per ton. From November 2022 to December 2022, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In December 2022, the countries with the highest prices were Taiwan (Chinese) ($27,988 per ton) and the United States ($27,700 per ton), while the average price for exports to Vietnam ($24,077 per ton) and China ($25,545 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable or Animal Colouring Matter in South Korea
In 2022, supplies from abroad of colouring matter of vegetable or animal origin decreased by -7.9% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 19%.
In value terms, vegetable or animal colouring matter imports totaled $35M in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. As a result, imports attained the peak of $35M; afterwards, it flattened through to 2022.
Import of Vegetable or Animal Colouring Matter in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.3 | 10.6 | 9.6 | 10.3 | 12.2% |
India | 5.9 | 9.4 | 8.7 | 9.4 | 16.8% |
Mexico | 4.0 | 5.1 | 4.6 | 4.9 | 7.0% |
United States | 1.9 | 2.0 | 1.8 | 3.8 | 26.0% |
Germany | 0.8 | 1.2 | 0.8 | 0.9 | 4.0% |
Japan | 1.0 | 0.7 | 0.6 | 0.7 | -11.2% |
Spain | 0.7 | 0.7 | 0.6 | 0.5 | -10.6% |
Italy | 0.5 | 0.5 | 0.6 | 0.4 | -7.2% |
Singapore | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
Others | 4.1 | 4.8 | 7.6 | 3.9 | -1.7% |
Total | 26.4 | 35.1 | 35.1 | 35.1 | 10.0% |
Top Suppliers of Vegetable or Animal Colouring Matter to South Korea in 2022:
- China (512.9 tons)
- India (233.8 tons)
- Spain (58.3 tons)
- Singapore (37.6 tons)
- United States (35.6 tons)
- Italy (33.6 tons)
- Germany (32.7 tons)
- Japan (25.7 tons)
- Mexico (22.0 tons)
Exports of Vegetable or Animal Colouring Matter in South Korea
Vegetable or animal colouring matter exports from South Korea reduced slightly to 210 tons in 2022, remaining relatively unchanged against 2021. The total export volume increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24%. As a result, the exports attained the peak of 210 tons, leveling off in the following year.
In value terms, vegetable or animal colouring matter exports declined to $4.3M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of $4.5M, and then dropped in the following year.
Export of Vegetable or Animal Colouring Matter in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,126 | 990 | 1,190 | 1,377 | 6.9% |
Thailand | 976 | 1,009 | 728 | 842 | -4.8% |
Ecuador | 330 | 388 | 328 | 448 | 10.7% |
United Kingdom | 19.5 | 55.3 | 322 | 445 | 183.6% |
Vietnam | 260 | 595 | 280 | 340 | 9.4% |
Norway | 598 | 164 | 140 | 188 | -32.0% |
United States | 182 | 361 | 187 | 164 | -3.4% |
Hong Kong SAR | 314 | 58.3 | 21.8 | 109 | -29.7% |
Others | 500 | 441 | 1,343 | 388 | -8.1% |
Total | 4,306 | 4,061 | 4,541 | 4,301 | -0.0% |
Top Export Markets for Vegetable or Animal Colouring Matter from South Korea in 2022:
- China (73.1 tons)
- Ecuador (38.2 tons)
- Thailand (34.9 tons)
- United Kingdom (17.8 tons)
- Vietnam (14.9 tons)
- United States (7.8 tons)
- Hong Kong SAR (7.1 tons)
- Norway (6.2 tons)
This report provides an in-depth analysis of the market for vegetable or animal colouring matter in Republic of Korea. 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 20122270 - Colouring matter of vegetable or animal origin and preparations based thereon (including dyeing extracts) (excluding animal black)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for vegetable or animal colouring matter in Republic of Korea.
This report provides an in-depth analysis of the global market for vegetable or animal colouring matter.
This report provides an in-depth analysis of the market for vegetable or animal colouring matter in Republic of Korea.
This report provides an in-depth analysis of the global market for vegetable or animal colouring matter.
In value terms, colouring matter of vegetable and animal origin imports totaled $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports value increased at an av...
In value terms, colouring matter of vegetable and animal origin exports amounted to $X in 2016. Overall, it indicated a remarkable growth from 2007 to 2016: the total exports value increased at an ...
In value terms, colouring matter of vegetable and animal origin imports totaled $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports value increased at an av...
In value terms, colouring matter of vegetable and animal origin exports amounted to $X in 2016. Overall, it indicated a remarkable growth from 2007 to 2016: the total exports value increased at an ...