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

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

In 2021, the Canadian market for colouring matter of vegetable or animal origin was finally on the rise to reach $X after three years of decline. Overall, consumption enjoyed a slight expansion. Vegetable or animal colouring matter consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Canada

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, recorded a mild descent. The pace of growth appeared the most rapid in 2016 with an increase of 47%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Canada

For the third year in a row, Canada recorded growth in overseas shipments of colouring matter of vegetable or animal origin, which increased by 17% to X tons in 2021. Over the period under review, exports, however, continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2017 with an increase of 51%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports rose significantly to $X in 2021. Overall, total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +96.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 27%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for vegetable or animal colouring matter exports from Canada, with a 57% share of total exports. Moreover, vegetable or animal colouring matter exports to the United States exceeded the volume sent to the second major destination, France (X tons), twofold. China (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.7% per year) and China (+196.5% per year).

In value terms, the United States ($X) remains the key foreign market for colouring matter of vegetable or animal origin exports from Canada, comprising 94% of total exports. The second position in the ranking was taken by France ($X), with a 3.2% share of total exports. It was followed by the Netherlands, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-0.7% per year) and the Netherlands (-44.1% 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, declining by -6.4% against the previous year. In general, the export price, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 91% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 the United States (+3.8%), 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 Canada

In 2021, approx. X tons of colouring matter of vegetable or animal origin were imported into Canada; which is down by -2.9% against the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 86%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, vegetable or animal colouring matter imports surged to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% 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 increased by +59.6% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 29%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X tons) constituted the largest vegetable or animal colouring matter supplier to Canada, with a 49% share of total imports. Moreover, vegetable or animal colouring matter imports from the United States exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), threefold. India (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-12.0% per year) and India (+11.3% per year).

In value terms, the United States ($X) constituted the largest supplier of colouring matter of vegetable or animal origin to Canada, comprising 50% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 6.7% share of total imports. It was followed by India, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-14.0% per year) and India (+6.3% per year).

Import Prices by Country

The average import price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, with an increase of 22% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vegetable or animal colouring matter import price increased by +30.4% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 86%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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 Japan ($X per ton), while the price for New Zealand ($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 UK (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :