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

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

In 2021, the Luxembourg market for colouring matter of vegetable or animal origin decreased by -31.9% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption faced a deep contraction. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Luxembourg

After two years of growth, shipments abroad of colouring matter of vegetable or animal origin decreased by -12.9% to X kg in 2021. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,114% against the previous year. As a result, the exports attained the peak of X kg, and then shrank in the following year.

In value terms, vegetable or animal colouring matter exports reduced remarkably to $X in 2021. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 900% against the previous year. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

The UK (X kg) was the main destination for vegetable or animal colouring matter exports from Luxembourg, with a 68% share of total exports. Moreover, vegetable or animal colouring matter exports to the UK exceeded the volume sent to the second major destination, Belgium (X kg), threefold. The third position in this ranking was taken by Germany (X kg), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+1.5% per year) and Germany (-19.6% per year).

In value terms, the largest markets for vegetable or animal colouring matter exported from Luxembourg were the UK ($X), Germany ($X) and Belgium ($X), with a combined 95% share of total exports.

Belgium, with a CAGR of +2.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for colouring matter of vegetable or animal origin amounted to $X per ton, falling by -56.4% against the previous year. Overall, the export price, however, posted a mild increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 40%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Ghana ($X per ton), while the average price for exports to the UK ($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 Ghana (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into Luxembourg

In 2021, approx. X tons of colouring matter of vegetable or animal origin were imported into Luxembourg; which is down by -46% on 2020 figures. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 89%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, vegetable or animal colouring matter imports dropped rapidly to $X in 2021. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 54% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest vegetable or animal colouring matter supplier to Luxembourg, accounting for a 77% share of total imports. Moreover, vegetable or animal colouring matter imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X kg), sevenfold. The third position in this ranking was taken by France (X kg), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-1.3% per year) and France (+10.5% per year).

In value terms, Germany ($X) constituted the largest supplier of vegetable or animal colouring matter to Luxembourg, comprising 61% of total imports. The second position in the ranking was taken by France ($X), with a 17% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+22.7% per year) and Belgium (-2.8% per year).

Import Prices by Country

The average import price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, surging by 48% against the previous year. In general, the import price posted a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 79% against the previous year. The import price peaked 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 France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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