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

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

The African market for colouring matter of vegetable or animal origin soared to $X in 2021, jumping by 16% against the previous year. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.8% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Africa

In value terms, vegetable or animal colouring matter production skyrocketed to $X in 2021 estimated in export price. Overall, production showed a buoyant increase. The growth pace was the most rapid in 2018 when the production volume increased by 24%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in Africa

In 2021, the amount of colouring matter of vegetable or animal origin exported in Africa shrank dramatically to X tons, waning by -15.8% on 2020 figures. Overall, exports showed a pronounced reduction. The pace of growth was the most pronounced in 2017 when exports increased by 46% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter exports surged to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 39% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

South Africa represented the key exporter of colouring matter of vegetable or animal origin in Africa, with the volume of exports accounting for X tons, which was approx. 44% of total exports in 2021. Kenya (X tons) ranks second in terms of the total exports with a 25% share, followed by Cote d'Ivoire (13%) and Swaziland (5.7%). Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +14.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X) remains the largest vegetable or animal colouring matter supplier in Africa, comprising 57% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 19% share of total exports. It was followed by South Africa, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kenya amounted to +16.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (-1.7% per year) and South Africa (+13.9% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, surging by 57% against the previous year. Export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +11.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the export price increased by 78% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+21.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in Africa

Vegetable or animal colouring matter imports skyrocketed to X tons in 2021, growing by 16% on 2020. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.7% against 2016 indices. The growth pace was the most rapid in 2016 when imports increased by 34%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, vegetable or animal colouring matter imports skyrocketed to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.8% against 2012 indices. The pace of growth appeared the most rapid in 2018 with an increase of 25% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Algeria was the key importing country with an import of around X tons, which recorded 42% of total imports. Egypt (X tons) held the second position in the ranking, distantly followed by South Africa (X tons) and Senegal (X tons). All these countries together took near 40% share of total imports. Morocco (X tons), Kenya (X tons) and Nigeria (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Senegal (with a CAGR of +49.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter importing markets in Africa were Egypt ($X), South Africa ($X) and Algeria ($X), together comprising 66% of total imports. Morocco, Senegal, Kenya and Nigeria lagged somewhat behind, together accounting for a further 20%.

Senegal, with a CAGR of +59.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the import price increased by 18% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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