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

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

In 2022, the Asia-Pacific market for colouring matter of vegetable or animal origin decreased by X% to $X, falling for the fifth year in a row after four years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Asia-Pacific

In value terms, vegetable or animal colouring matter production declined to $X in 2022 estimated in export price. The total production indicated a tangible expansion 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 growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in Asia-Pacific

In 2022, shipments abroad of colouring matter of vegetable or animal origin decreased by X% to X tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of X% over the period from 2012 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 X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vegetable or animal colouring matter exports totaled $X in 2022. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

China was the largest exporter of colouring matter of vegetable or animal origin in Asia-Pacific, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by India (X tons), creating a X% share of total exports. The following exporters - Japan (X tons), Singapore (X tons) and Nepal (X tons) - each accounted for a X% share of total exports.

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, Japan (X%) displayed positive paces of growth. By contrast, India (X%), Singapore (X%) and Nepal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Nepal ($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 mixed trends in the export price figures.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in Asia-Pacific

Vegetable or animal colouring matter imports dropped to X tons in 2022, shrinking by X% compared with the year before. Over the period under review, imports showed a slight descent. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter imports reduced 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 in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons), distantly followed by Vietnam (X tons), South Korea (X tons), Australia (X tons), China (X tons), Bangladesh (X tons), India (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) represented the main importers of colouring matter of vegetable or animal origin, together constituting X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to vegetable or animal colouring matter imports into Japan stood at X%. At the same time, South Korea (X%), Taiwan (Chinese) (X%), Vietnam (X%), Bangladesh (X%) and Australia (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%), China (X%) and India (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, Vietnam, Bangladesh, Taiwan (Chinese) and Australia increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Japan, vegetable or animal colouring matter imports decreased 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-Pacific amounted to $X per ton, growing by X% against the previous year. Import price indicated a perceptible increase 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 most prominent rate of growth was recorded in 2020 an increase of X%. 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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