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

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

In 2021, the Asia-Pacific market for colouring matter of vegetable or animal origin was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

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

In value terms, vegetable or animal colouring matter production totaled $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.6% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 18%. Over the period under review, production reached the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in Asia-Pacific

After two years of growth, shipments abroad of colouring matter of vegetable or animal origin decreased by -7% to X tons in 2021. The total export volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 18%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, vegetable or animal colouring matter exports amounted to $X in 2021. Over the period under review, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2015 when exports increased by 101%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

In 2021, China (X tons) represented the largest exporter of colouring matter of vegetable or animal origin, comprising 58% of total exports. It was distantly followed by India (X tons), constituting a 30% share of total exports. Singapore (X tons), Japan (X tons) and Thailand (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +45.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest vegetable or animal colouring matter supplier in Asia-Pacific, comprising 78% of total exports. The second position in the ranking was held by India ($X), with a 7.6% share of total exports. It was followed by Japan, with a 7% share.

In China, vegetable or animal colouring matter exports increased at an average annual rate of +36.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: India (+8.7% per year) and Japan (+3.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, growing by 9.3% against the previous year. Over the period under review, the export price recorded a prominent increase. The growth pace was the most rapid in 2015 when the export price increased by 86% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.5%), while the other leaders experienced more modest paces of growth.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in Asia-Pacific

In 2021, overseas purchases of colouring matter of vegetable or animal origin were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, recorded a mild decline. The pace of growth appeared the most rapid in 2016 when imports increased by 32% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter imports totaled $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 20% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons), distantly followed by Vietnam (X tons), South Korea (X tons), Australia (X tons), China (X tons), India (X tons), Singapore (X tons), Thailand (X tons) and Bangladesh (X tons) were the main importers of colouring matter of vegetable or animal origin, together mixing up 84% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +10.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported colouring matter of vegetable or animal origin in Asia-Pacific, comprising 42% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by South Korea, with a 10% share.

In Japan, vegetable or animal colouring matter imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (+1.7% per year) and South Korea (+12.2% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, with a decrease of -4.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2020 an increase of 17%. As a result, import price attained the peak level of $X per ton, and then shrank modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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