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

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

The Jordanian market for colouring matter of vegetable or animal origin declined to $X in 2022, waning 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, showed a resilient expansion. Vegetable or animal colouring matter consumption peaked at $X in 2021, and then fell in the following year.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Jordan

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. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter exports fell remarkably to $X in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Iraq (X tons) was the main destination for vegetable or animal colouring matter exports from Jordan, with a X% share of total exports. Moreover, vegetable or animal colouring matter exports to Iraq exceeded the volume sent to the second major destination, Lebanon (X kg), eightfold. The third position in this ranking was held by South Africa (X kg), with an X% share.

From 2013 to 2022, the average annual growth rate of volume to Iraq was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (X% per year) and South Africa (X% per year).

In value terms, Iraq ($X) emerged as the key foreign market for colouring matter of vegetable or animal origin exports from Jordan, comprising X% of total exports. The second position in the ranking was taken by Lebanon ($X), with a X% share of total exports. It was followed by South Africa, with an X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Iraq stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the average export price for colouring matter of vegetable or animal origin amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, continues to indicate a sharp contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were South Africa ($X per ton) and Iraq ($X per ton), while the average price for exports to Palestine ($X per ton) and Lebanon ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced a decline.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into Jordan

In 2022, the amount of colouring matter of vegetable or animal origin imported into Jordan shrank notably to X tons, with a decrease of X% on the previous year. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, vegetable or animal colouring matter imports declined significantly to $X in 2022. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

Denmark (X tons), China (X tons) and India (X tons) were the main suppliers of vegetable or animal colouring matter imports to Jordan, together accounting for X% of total imports. Turkey, Germany, the United States, Peru, the UK and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter suppliers to Jordan were China ($X), Denmark ($X) and India ($X), together comprising X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of 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 average import price for colouring matter of vegetable or animal origin stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 India ($X per ton), while the price for Turkey ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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