Australia and Oceania: Market for Colouring Matter Of Vegetable Or Animal Origin 2024

Market Size for Colouring Matter Of Vegetable Or Animal Origin in Australia and Oceania

The market for colouring matter of vegetable or animal origin in Australia and Oceania expanded sharply to $X in 2021, increasing by 13% against the previous year. Overall, consumption recorded a resilient increase. 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 Australia and Oceania

In value terms, vegetable or animal colouring matter production expanded notably to $X in 2021 estimated in export price. In general, production enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 161%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in Australia and Oceania

In 2021, after two years of growth, there was significant decline in shipments abroad of colouring matter of vegetable or animal origin, when their volume decreased by -72.8% to X tons. Over the period under review, exports saw a dramatic decrease. The pace of growth appeared the most rapid in 2020 with an increase of 158%. Over the period under review, the exports attained the peak figure 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 plummeted to $X in 2021. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by 81% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia was the key exporter of colouring matter of vegetable or animal origin in Australia and Oceania, with the volume of exports reaching X tons, which was approx. 62% of total exports in 2021. It was distantly followed by New Zealand (X tons), generating a 38% 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 Australia (with a CAGR of +11.0%).

In value terms, Australia ($X) emerged as the largest vegetable or animal colouring matter supplier in Australia and Oceania, comprising 74% of total exports. The second position in the ranking was held by New Zealand ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to +29.8%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, picking up by 47% against the previous year. Over the period under review, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2015 when the export price increased by 101%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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 Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+16.9%).

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in Australia and Oceania

In 2021, approx. X tons of colouring matter of vegetable or animal origin were imported in Australia and Oceania; surging by 3.1% against the previous year. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 18%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, vegetable or animal colouring matter imports surged to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 +50.5% against 2019 indices. The pace of growth was the most pronounced in 2015 when imports increased by 35%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Australia represented the main importer of colouring matter of vegetable or animal origin in Australia and Oceania, with the volume of imports finishing at X tons, which was approx. 83% of total imports in 2021. It was distantly followed by New Zealand (X tons), generating a 14% share of total imports.

Australia was also the fastest-growing in terms of the colouring matter of vegetable or animal origin imports, with a CAGR of +3.7% from 2012 to 2021. At the same time, New Zealand (+2.7%) displayed positive paces of growth. From 2012 to 2021, the share of Australia increased by +3.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported colouring matter of vegetable or animal origin in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was held by New Zealand ($X), with a 15% share of total imports.

In Australia, vegetable or animal colouring matter imports increased at an average annual rate of +5.7% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, surging by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+4.3%).

Source: IndexBox Platform

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