South Africa: Market for Colouring Matter Of Vegetable Or Animal Origin 2024

Market Size for Colouring Matter Of Vegetable Or Animal Origin in South Africa

In 2022, the South African market for colouring matter of vegetable or animal origin increased by X% to $X, rising for the third consecutive year after three years of decline. Overall, consumption, however, showed a mild decline. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from South Africa

In 2022, exports of colouring matter of vegetable or animal origin from South Africa reduced to X tons, shrinking by X% against the previous year. Overall, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced in the following year.

In value terms, vegetable or animal colouring matter exports declined remarkably to $X in 2022. Over the period under review, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Mauritius (X tons) was the main destination for vegetable or animal colouring matter exports from South Africa, with a X% share of total exports. Moreover, vegetable or animal colouring matter exports to Mauritius exceeded the volume sent to the second major destination, Zimbabwe (X tons), twofold. Botswana (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Mauritius totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Botswana (X% per year).

In value terms, the largest markets for vegetable or animal colouring matter exported from South Africa were Mauritius ($X), Zimbabwe ($X) and Mozambique ($X), together accounting for X% of total exports.

Mauritius, with a CAGR of X%, 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 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, shrinking by X% against the previous year. In general, the export price showed a mild descent. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X,000 per ton), while the average price for exports to Namibia ($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 Canada (X.6%), 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 South Africa

In 2022, approx. X tons of colouring matter of vegetable or animal origin were imported into South Africa; approximately mirroring 2021 figures. Overall, total imports indicated mild growth 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vegetable or animal colouring matter imports expanded sharply to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), India (X tons) and China (X tons) were the main suppliers of vegetable or animal colouring matter imports to South Africa, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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