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

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

In 2022, after two years of growth, there was significant decline in the Singaporean market for colouring matter of vegetable or animal origin, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Singapore

In value terms, vegetable or animal colouring matter production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Singapore

Vegetable or animal colouring matter exports from Singapore shrank to X tons in 2022, falling by X% on 2021. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter exports soared to $X in 2022. In general, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for vegetable or animal colouring matter exports from Singapore, accounting for a X% share of total exports. Moreover, vegetable or animal colouring matter exports to Malaysia exceeded the volume sent to the second major destination, Thailand (X tons), threefold. Vietnam (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

In value terms, the largest markets for vegetable or animal colouring matter exported from Singapore were China ($X), Malaysia ($X) and Thailand ($X), together accounting for X% of total exports.

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

Export Prices by Country

The average export price for colouring matter of vegetable or animal origin stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price showed buoyant growth. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced a decline.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into Singapore

In 2022, after five years of growth, there was significant decline in overseas purchases of colouring matter of vegetable or animal origin, when their volume decreased by X% to X tons. In general, imports, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then plummeted in the following year.

In value terms, vegetable or animal colouring matter imports reduced sharply to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of vegetable or animal colouring matter to Singapore, with a X% share of total imports. Moreover, vegetable or animal colouring matter imports from Spain exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was held by Nepal (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Nepal (X% per year).

In value terms, the largest vegetable or animal colouring matter suppliers to Singapore were Australia ($X), Spain ($X) and the United States ($X), with a combined X% share of total imports.

Among the main suppliers, Spain, 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

In 2022, the average import price for colouring matter of vegetable or animal origin amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2014 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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