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

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

The CIS market for colouring matter of vegetable or animal origin stood at $X in 2021, growing by 13% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in CIS

In value terms, vegetable or animal colouring matter production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild decrease. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in CIS

In 2021, approx. X tons of colouring matter of vegetable or animal origin were exported in the CIS; picking up by 32% compared with the previous year. In general, exports recorded a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 67% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, vegetable or animal colouring matter exports soared to $X in 2021. Over the period under review, exports continue to indicate prominent growth. The growth pace was the most rapid in 2017 with an increase of 57% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

Russia prevails in exports structure, reaching X tons, which was approx. 97% of total exports in 2021. Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to vegetable or animal colouring matter exports from Russia stood at +12.0%. At the same time, Belarus (+38.2%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +38.2% from 2012-2021. From 2012 to 2021, the share of Belarus increased by +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest vegetable or animal colouring matter supplier in the CIS, comprising 94% of total exports. The second position in the ranking was held by Belarus ($X), with a 3.9% share of total exports.

In Russia, vegetable or animal colouring matter exports increased at an average annual rate of +7.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, approximately mirroring the previous year. Overall, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2014 an increase of 8.5% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-0.0%).

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in CIS

In 2021, vegetable or animal colouring matter imports in the CIS rose sharply to X tons, increasing by 14% on 2020. In general, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 24%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, vegetable or animal colouring matter imports skyrocketed to $X in 2021. Overall, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 33% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

Russia prevails in imports structure, accounting for X tons, which was approx. 82% of total imports in 2021. Belarus (X tons) ranks second in terms of the total imports with a 5.1% share, followed by Uzbekistan (4.8%). The following importers - Kazakhstan (X tons) and Kyrgyzstan (X tons) - together made up 5.4% of total imports.

From 2012 to 2021, average annual rates of growth with regard to vegetable or animal colouring matter imports into Russia stood at +10.7%. At the same time, Kyrgyzstan (+24.3%), Uzbekistan (+10.2%), Kazakhstan (+7.4%) and Belarus (+4.7%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +24.3% from 2012-2021. While the share of Uzbekistan (+4.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-2.2 p.p.) and Belarus (-3.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported colouring matter of vegetable or animal origin in the CIS, comprising 87% of total imports. The second position in the ranking was held by Belarus ($X), with a 6.1% share of total imports. It was followed by Kazakhstan, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to +11.2%. In the other countries, the average annual rates were as follows: Belarus (+0.3% per year) and Kazakhstan (+13.0% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, picking up by 7.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 13%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belarus ($X per ton), while Kyrgyzstan ($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 more modest paces of growth.

Source: IndexBox Platform

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