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

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

The Belarusian market for colouring matter of vegetable or animal origin skyrocketed to $X in 2021, increasing by 26% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Belarus

In 2021, approx. X tons of colouring matter of vegetable or animal origin were exported from Belarus; picking up by 4.3% compared with the previous year. In general, exports showed significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 279%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports surged to $X in 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 242% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for vegetable or animal colouring matter exports from Belarus, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +38.1%.

In value terms, Russia ($X) also remains the key foreign market for colouring matter of vegetable or animal origin exports from Belarus.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +38.1%.

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 16% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 62%. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +0.0% per year.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into Belarus

In 2021, the amount of colouring matter of vegetable or animal origin imported into Belarus stood at X tons, growing by 12% on the year before. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% 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 decreased by -2.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest vegetable or animal colouring matter supplier to Belarus, accounting for a 86% share of total imports. Moreover, vegetable or animal colouring matter imports from Russia exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+4.4% per year) and the Netherlands (-11.6% per year).

In value terms, Russia ($X) constituted the largest supplier of colouring matter of vegetable or animal origin to Belarus, comprising 75% of total imports. The second position in the ranking was taken by Poland ($X), with a 6.7% share of total imports. It was followed by Germany, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+13.7% per year) and Germany (-9.2% per year).

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 19% against the previous year. Overall, the import price, however, recorded a pronounced descent. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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