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

Market Size for Colouring Matter Of Vegetable Or Animal Origin in the EU

In 2021, the EU market for colouring matter of vegetable or animal origin was finally on the rise to reach $X after four years of decline. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Colouring Matter Of Vegetable Or Animal Origin in the EU

In value terms, vegetable or animal colouring matter production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 29%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in the EU

Vegetable or animal colouring matter exports expanded slightly to X tons in 2021, growing by 2.1% on the previous year. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 6.8% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports expanded sharply to $X in 2021. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 25%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

Spain (X tons), the Netherlands (X tons), Italy (X tons), Germany (X tons), Denmark (X tons) and France (X tons) represented roughly 88% of total exports in 2021. Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +9.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Denmark ($X), together accounting for 54% of total exports. Spain, Italy, France and Belgium lagged somewhat behind, together comprising a further 35%.

Belgium, with a CAGR of +13.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, picking up by 6.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. The pace of growth appeared the most rapid in 2013 when the export price increased by 24%. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.1%), while the other leaders experienced more modest paces of growth.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in the EU

In 2021, vegetable or animal colouring matter imports in the European Union shrank modestly to X tons, waning by -3.1% against the year before. In general, imports showed a noticeable setback. The pace of growth appeared the most rapid in 2018 when imports increased by 12%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, vegetable or animal colouring matter imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 20%. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

Italy (X tons) and the Netherlands (X tons) represented roughly 37% of total imports in 2021. France (X tons) ranks next in terms of the total imports with a 12% share, followed by Germany (11%), Spain (9.7%), Denmark (6.2%) and Belgium (4.9%). Poland (X tons), Ireland (X tons), Romania (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +11.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Spain ($X) constituted the countries with the highest levels of imports in 2021, with a combined 48% share of total imports. These countries were followed by France, Italy, Denmark, Belgium, Poland, Ireland, Austria and Romania, which together accounted for a further 44%.

In terms of the main importing countries, Romania, with a CAGR of +10.8%, saw 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

The import price in the European Union stood at $X per ton in 2021, increasing by 14% against the previous year. Import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vegetable or animal colouring matter import price increased by +23.8% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 23% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Germany ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+25.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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