Central Asia: Market for Colouring Matter Of Vegetable Or Animal Origin 2024

Market Size for Colouring Matter Of Vegetable Or Animal Origin in Central Asia

The Central Asian market for colouring matter of vegetable or animal origin rose rapidly to $X in 2021, with an increase of 8% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.4% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Colouring Matter Of Vegetable Or Animal Origin in Central Asia

In value terms, vegetable or animal colouring matter production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 28%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in Central Asia

After three years of decline, shipments abroad of colouring matter of vegetable or animal origin increased by 186% to X tons in 2021. In general, exports, however, saw a relatively flat trend pattern. The volume of export 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 surged to $X in 2021. Over the period under review, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan was the major exporting country with an export of about X tons, which amounted to 50% of total exports. Kyrgyzstan (X kg) held the second position in the ranking, followed by Kazakhstan (X kg), Tajikistan (X kg) and Turkmenistan (X kg). All these countries together held approx. 50% share of total exports.

Exports from Uzbekistan increased at an average annual rate of +29.1% from 2012 to 2021. At the same time, Kazakhstan (+45.1%) and Turkmenistan (+4.3%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +45.1% from 2012-2021. Kyrgyzstan experienced a relatively flat trend pattern. By contrast, Tajikistan (-21.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan, Kyrgyzstan, Kazakhstan and Turkmenistan increased by +46, +19, +13 and +2.6 percentage points, respectively.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 92% of total exports.

Among the main exporting countries, Kazakhstan, with a CAGR of +79.0%, recorded 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

In 2021, the export price in Central Asia amounted to $X per ton, shrinking by -21.8% against the previous year. Over the period under review, the export price, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 140% against the previous year. The level of export peaked at $X per ton in 2020, and then dropped significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+23.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in Central Asia

Vegetable or animal colouring matter imports skyrocketed to X tons in 2021, picking up by 29% on the previous year's figure. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 173%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, vegetable or animal colouring matter imports skyrocketed to $X in 2021. Over the period under review, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) represented roughly 77% of total imports in 2021. It was distantly followed by Kyrgyzstan (X tons), achieving an 18% share of total imports. Turkmenistan (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported colouring matter of vegetable or animal origin in Central Asia, comprising 70% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 20% share of total imports. It was followed by Kyrgyzstan, with a 5.6% share.

In Kazakhstan, vegetable or animal colouring matter imports expanded at an average annual rate of +13.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+27.0% per year) and Kyrgyzstan (+9.4% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, picking up by 13% against the previous year. Overall, the import price, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2020 an increase of 48% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+15.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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