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

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

The Bangladeshi market for colouring matter of vegetable or animal origin dropped significantly to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a remarkable increase. As a result, consumption attained the peak level of $X, and then declined notably in the following year.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Bangladesh

In 2022, overseas shipments of colouring matter of vegetable or animal origin decreased by X% to X kg, falling for the fourth year in a row after three years of growth. Overall, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports plummeted to $X in 2022. In general, exports saw a sharp descent. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X kg) was the main destination for vegetable or animal colouring matter exports from Bangladesh, accounting for a X% share of total exports. Moreover, vegetable or animal colouring matter exports to Canada exceeded the volume sent to the second major destination, Maldives (X kg), sixfold. The third position in this ranking was held by Germany (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Germany (X% per year).

In value terms, Canada ($X) emerged as the key foreign market for colouring matter of vegetable or animal origin exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Germany (X% per year).

Export Prices by Country

The average export price for colouring matter of vegetable or animal origin stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into Bangladesh

Vegetable or animal colouring matter imports into Bangladesh contracted remarkably to X tons in 2022, shrinking by X% against the previous year's figure. Overall, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, vegetable or animal colouring matter imports fell to $X in 2022. In general, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of vegetable or animal colouring matter to Bangladesh, accounting for a X% share of total imports. Moreover, vegetable or animal colouring matter imports from India exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Japan ($X) constituted the largest supplier of colouring matter of vegetable or animal origin to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average import price for colouring matter of vegetable or animal origin amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, showed a mild decline. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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