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

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

In 2021, the Brazilian market for colouring matter of vegetable or animal origin was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a relatively flat trend pattern. Vegetable or animal colouring matter consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Brazil

In value terms, vegetable or animal colouring matter production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 21%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Brazil

In 2021, the amount of colouring matter of vegetable or animal origin exported from Brazil skyrocketed to X tons, growing by 20% against 2020 figures. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 51%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter exports rose significantly to $X in 2021. Over the period under review, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2016 when exports increased by 63% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X tons), Argentina (X tons) and Egypt (X tons) were the main destinations of vegetable or animal colouring matter exports from Brazil, together comprising 61% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +108.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Argentina ($X) and Mexico ($X) constituted the largest markets for vegetable or animal colouring matter exported from Brazil worldwide, with a combined 56% share of total exports. Egypt, Denmark, Peru, Bolivia, Guatemala and Japan lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Egypt, with a CAGR of +86.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, waning by -11.2% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2016 an increase of 27%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Bolivia ($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 Japan (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into Brazil

In 2021, purchases abroad of colouring matter of vegetable or animal origin decreased by -1.7% to X tons, falling for the third consecutive year after two years of growth. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter imports stood at $X in 2021. Overall, imports saw a pronounced reduction. The pace of growth was the most pronounced in 2016 when imports increased by 22% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Peru (X tons), France (X tons) and Italy (X tons) were the main suppliers of vegetable or animal colouring matter imports to Brazil, with a combined 45% share of total imports. Mexico, the United States, the Netherlands, Denmark, Spain, China, India and Germany lagged somewhat behind, together comprising a further 50%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +77.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter suppliers to Brazil were Peru ($X), the United States ($X) and Italy ($X), together comprising 56% of total imports. China, France, Denmark, Mexico, India, the Netherlands, Germany and Spain lagged somewhat behind, together comprising a further 38%.

The Netherlands, with a CAGR of +76.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, surging by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2016 an increase of 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average 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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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