China: Market for Colouring Matter Of Vegetable Or Animal Origin 2022

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

In 2021, the Chinese market for colouring matter of vegetable or animal origin decreased by -1.5% to $X, falling for the second year in a row after six years of growth. Overall, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.5% against 2019 indices. Vegetable or animal colouring matter consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Production of Colouring Matter Of Vegetable Or Animal Origin in China

In value terms, vegetable or animal colouring matter production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +105.6% against 2013 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 29% against the previous year. Vegetable or animal colouring matter production peaked at $X in 2020, and then dropped modestly in the following year.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from China

In 2021, vegetable or animal colouring matter exports from China totaled X tons, growing by 2.9% on the previous year. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 293% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, vegetable or animal colouring matter exports rose notably to $X in 2021. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 428% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

India (X tons) was the main destination for vegetable or animal colouring matter exports from China, with a 31% share of total exports. Moreover, vegetable or animal colouring matter exports to India exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at +58.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+49.0% per year) and Vietnam (+41.3% per year).

In value terms, India ($X) remains the key foreign market for vegetable or animal colouring matter exports from China, comprising 33% of total exports. The second position in the ranking was taken by Spain ($X), with a 12% share of total exports. It was followed by the United States, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to India amounted to +53.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+36.5% per year) and the United States (+28.1% per year).

Export Prices by Country

In 2021, the average export price for colouring matter of vegetable or animal origin amounted to $X per ton, surging by 2.7% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2015 an increase of 34% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into China

In 2021, supplies from abroad of colouring matter of vegetable or animal origin was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 74%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, vegetable or animal colouring matter imports skyrocketed to $X in 2021. Overall, imports continue to indicate modest growth. The most prominent rate of growth was recorded in 2017 with an increase of 58%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Denmark (X tons), Italy (X tons) and India (X tons) were the main suppliers of vegetable or animal colouring matter imports to China, with a combined 54% share of total imports. Peru, South Korea, the United States and France lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +15.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Peru ($X) and India ($X) constituted the largest vegetable or animal colouring matter suppliers to China, with a combined 51% share of total imports.

Among the main suppliers, Peru, with a CAGR of +10.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for colouring matter of vegetable or animal origin amounted to $X per ton, surging by 5% against the previous year. In general, the import price posted a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 40% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Peru ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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