South-Eastern Asia: Market for Colouring Matter Of Vegetable Or Animal Origin 2024

Market Size for Colouring Matter Of Vegetable Or Animal Origin in South-Eastern Asia

After two years of growth, the Southeast Asian market for colouring matter of vegetable or animal origin decreased by X% to $X in 2022. In general, consumption saw a mild contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in South-Eastern Asia

In value terms, vegetable or animal colouring matter production declined to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in South-Eastern Asia

In 2022, approx. X tons of colouring matter of vegetable or animal origin were exported in South-Eastern Asia; dropping by X% on the previous year's figure. Over the period under review, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, vegetable or animal colouring matter exports rose markedly to $X in 2022. Overall, exports recorded a perceptible reduction. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore represented the main exporter of colouring matter of vegetable or animal origin in South-Eastern Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Malaysia (X tons) took the second position in the ranking, followed by Thailand (X tons), Myanmar (X tons) and the Philippines (X tons). All these countries together held approx. X% share of total exports. Indonesia (X tons) and Vietnam (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vegetable or animal colouring matter exports from Singapore stood at X%. At the same time, Myanmar (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, the Philippines (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of Myanmar (X p.p.), Thailand (X p.p.), Vietnam (X p.p.), the Philippines (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, the largest vegetable or animal colouring matter supplying countries in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Thailand ($X), together comprising X% of total exports. Vietnam, Indonesia, the Philippines and Myanmar lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price 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, vegetable or animal colouring matter export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in South-Eastern Asia

In 2022, purchases abroad of colouring matter of vegetable or animal origin decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, vegetable or animal colouring matter imports contracted slightly to $X in 2022. Total imports indicated a prominent 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Vietnam represented the major importing country with an import of around X tons, which accounted for X% of total imports. Thailand (X tons) ranks second in terms of the total imports with a X% share, followed by Singapore (X%), Malaysia (X%), Indonesia (X%) and the Philippines (X%).

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

In value terms, Vietnam ($X) constitutes the largest market for imported colouring matter of vegetable or animal origin in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In Vietnam, vegetable or animal colouring matter imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 Indonesia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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