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

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

The MERCOSUR market for colouring matter of vegetable or animal origin shrank to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Colouring Matter Of Vegetable Or Animal Origin in MERCOSUR

In value terms, vegetable or animal colouring matter production fell slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in MERCOSUR

In 2022, overseas shipments of colouring matter of vegetable or animal origin were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, vegetable or animal colouring matter exports skyrocketed to $X in 2022. Overall, exports, however, saw a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Peru represented the largest exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Brazil (X tons), committing a X% share of total exports. Ecuador (X tons) and Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vegetable or animal colouring matter exports from Peru stood at X%. At the same time, Colombia (X%), Brazil (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. Brazil (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total exports, while Peru saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest vegetable or animal colouring matter supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

In Peru, vegetable or animal colouring matter exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Ecuador (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in MERCOSUR

In 2022, approx. X tons of colouring matter of vegetable or animal origin were imported in MERCOSUR; waning by X% against the previous year's figure. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, vegetable or animal colouring matter imports expanded significantly to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Colombia represented the major importer of colouring matter of vegetable or animal origin in MERCOSUR, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Peru (X tons), Ecuador (X tons), Brazil (X tons) and Argentina (X tons), together achieving a X% share of total imports. Chile (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vegetable or animal colouring matter imports into Colombia stood at X%. At the same time, Peru (X%), Ecuador (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.) and Peru (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Chile (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vegetable or animal colouring matter importing markets in MERCOSUR were Colombia ($X), Peru ($X) and Brazil ($X), together comprising X% of total imports.

Among the main importing countries, Colombia, with a CAGR of X%, 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

The import price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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