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

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

The Austrian market for colouring matter of vegetable or animal origin expanded sharply to $X in 2021, with an increase of 5.1% against the previous year. In general, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +96.8% against 2016 indices. Vegetable or animal colouring matter consumption peaked in 2021 and is likely to see steady growth in the near future.

Production of Colouring Matter Of Vegetable Or Animal Origin in Austria

In value terms, vegetable or animal colouring matter production contracted to $X in 2021 estimated in export price. Overall, production, however, recorded significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 4,452%. Vegetable or animal colouring matter production peaked at $X in 2020, and then contracted in the following year.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Austria

In 2021, vegetable or animal colouring matter exports from Austria reduced to X tons, shrinking by -10.5% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 95%. Over the period under review, the exports reached the maximum at X tons in 2020, and then contracted in the following year.

In value terms, vegetable or animal colouring matter exports dropped modestly to $X in 2021. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2016 with an increase of 129%. The exports peaked at $X in 2020, and then fell modestly in the following year.

Exports by Country

Italy (X tons) was the main destination for vegetable or animal colouring matter exports from Austria, accounting for a 63% share of total exports. Moreover, vegetable or animal colouring matter exports to Italy exceeded the volume sent to the second major destination, Russia (X tons), sixfold. Poland (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +73.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+52.6% per year) and Poland (+9.0% per year).

In value terms, Italy ($X) remains the key foreign market for colouring matter of vegetable or animal origin exports from Austria, comprising 75% of total exports. The second position in the ranking was held by Russia ($X), with a 4.8% share of total exports. It was followed by Turkey, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +68.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+50.7% per year) and Turkey (+309.4% per year).

Export Prices by Country

The average export price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, with an increase of 11% against the previous year. In general, the export price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 40%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Poland ($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 Turkey (+9.7%), 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 Austria

In 2021, supplies from abroad of colouring matter of vegetable or animal origin decreased by -12.8% to X tons, falling for the third year in a row after three years of growth. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 12% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, vegetable or animal colouring matter imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Spain (X tons) were the main suppliers of vegetable or animal colouring matter imports to Austria, with a combined 72% share of total imports. Italy, China, Slovakia and Slovenia lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +88.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter suppliers to Austria were the Netherlands ($X), Germany ($X) and China ($X), together accounting for 82% of total imports. Spain, Italy, Slovakia and Slovenia lagged somewhat behind, together accounting for a further 12%.

Slovakia, with a CAGR of +85.5%, saw the highest rates of growth with regard to the value of imports, in terms of 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, surging by 38% against the previous year. Overall, the import price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of 43% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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