U.S.: Market for Colouring Matter Of Vegetable Or Animal Origin 2022

Market Size for Colouring Matter Of Vegetable Or Animal Origin in the U.S.

In 2021, the U.S. market for colouring matter of vegetable or animal origin decreased by -10.6% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced in the following year.

Production of Colouring Matter Of Vegetable Or Animal Origin in the U.S.

In value terms, vegetable or animal colouring matter production fell to $X in 2021. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 28%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from the U.S.

In 2021, approx. X tons of colouring matter of vegetable or animal origin were exported from the United States; surging by 8.5% on 2020. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 26%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports surged to $X in 2021. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +56.4% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by 29%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Canada (X tons), Switzerland (X tons) and Spain (X tons) were the main destinations of vegetable or animal colouring matter exports from the United States, together accounting for 60% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +59.0%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Switzerland ($X) and the Netherlands ($X) were the largest markets for vegetable or animal colouring matter exported from the United States worldwide, with a combined 52% share of total exports. Mexico, Spain, Australia, Denmark, Germany, Brazil and Vietnam lagged somewhat behind, together comprising a further 22%.

Among the main countries of destination, Spain, with a CAGR of +59.7%, recorded the highest growth rate of 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

In 2021, the average export price for colouring matter of vegetable or animal origin amounted to $X per ton, surging by 13% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vegetable or animal colouring matter export price increased by +71.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 25% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Vietnam ($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 Vietnam (+21.9%), 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 the U.S.

In 2021, the amount of colouring matter of vegetable or animal origin imported into the United States shrank to X tons, waning by -10.4% against the year before. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 29%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, vegetable or animal colouring matter imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 14%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest vegetable or animal colouring matter supplier to the United States, with a 36% share of total imports. Moreover, vegetable or animal colouring matter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.8% per year) and Italy (+11.8% per year).

In value terms, the largest vegetable or animal colouring matter suppliers to the United States were the Netherlands ($X), India ($X) and China ($X), with a combined 56% share of total imports. These countries were followed by Italy, Peru, Spain, Denmark, the UK, Turkey, Canada, Mexico and Brazil, which together accounted for a further 23%.

Turkey, with a CAGR of +37.7%, 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

In 2021, the average import price for colouring matter of vegetable or animal origin amounted to $X per ton, with an increase of 25% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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