Asia: Market for Colouring Matter Of Vegetable Or Animal Origin 2024

Market Size for Colouring Matter Of Vegetable Or Animal Origin in Asia

In 2022, the Asian market for colouring matter of vegetable or animal origin decreased by X% to $X, falling for the fourth year in a row after five years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Asia

In value terms, vegetable or animal colouring matter production declined slightly to $X in 2022 estimated in export price. The total production indicated notable growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in Asia

In 2022, overseas shipments of colouring matter of vegetable or animal origin decreased by X% to X tons, falling for the second consecutive year after two years of growth. Total exports indicated a buoyant expansion from 2012 to 2022: its volume 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, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports stood at $X in 2022. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, China (X tons) was the main exporter of colouring matter of vegetable or animal origin, comprising X% of total exports. India (X tons) ranks second in terms of the total exports with a X% share, followed by Israel (X%). Turkey (X tons), Japan (X tons) and Singapore (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the colouring matter of vegetable or animal origin exports, with a CAGR of X% from 2012 to 2022. At the same time, Israel (X%), Turkey (X%) and Japan (X%) displayed positive paces of growth. By contrast, India (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Israel (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) and India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vegetable or animal colouring matter supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, vegetable or animal colouring matter exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

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

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in Asia

Vegetable or animal colouring matter imports declined to X tons in 2022, waning by X% on the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, vegetable or animal colouring matter imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons), distantly followed by Turkey (X tons), Vietnam (X tons), South Korea (X tons), China (X tons), Bangladesh (X tons), India (X tons) and Iran (X tons) were the key importers of colouring matter of vegetable or animal origin, together making up X% of total imports. Taiwan (Chinese) (X tons), Thailand (X tons), Singapore (X tons), Malaysia (X tons) and the United Arab Emirates (X tons) took a little share of total imports.

Imports into Japan decreased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), the United Arab Emirates (X%), Iran (X%), Taiwan (Chinese) (X%), Turkey (X%), Vietnam (X%), Bangladesh (X%) and Singapore (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%), Thailand (X%), China (X%) and India (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), Turkey (X p.p.), Vietnam (X p.p.), Bangladesh (X p.p.), Iran (X p.p.), Taiwan (Chinese) (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.), China (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported colouring matter of vegetable or animal origin in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Vietnam, with an X% share.

In Japan, vegetable or animal colouring matter imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, increasing by X% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price 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, vegetable or animal colouring matter import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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