Czech Republic: Market for Colouring Matter Of Vegetable Or Animal Origin 2024

Market Size for Colouring Matter Of Vegetable Or Animal Origin in the Czech Republic

After two years of decline, the Czech market for colouring matter of vegetable or animal origin increased by 1% to $X in 2021. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from the Czech Republic

After three years of growth, shipments abroad of colouring matter of vegetable or animal origin decreased by -8% to X tons in 2021. In general, exports, however, showed a measured increase. The pace of growth was the most pronounced in 2015 with an increase of 600% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports stood at $X in 2021. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 792%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Slovakia (X tons), Hungary (X tons) and Croatia (X tons) were the main destinations of vegetable or animal colouring matter exports from the Czech Republic, with a combined 71% share of total exports. Armenia, Romania, India, Moldova, Latvia, Bulgaria, Germany, Poland and Austria lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +362.4%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) remains the key foreign market for colouring matter of vegetable or animal origin exports from the Czech Republic, comprising 50% of total exports. The second position in the ranking was held by Hungary ($X), with a 14% share of total exports. It was followed by Croatia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia totaled +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+18.0% per year) and Croatia (+39.8% 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, surging by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Armenia ($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 China (+110.2%), 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 the Czech Republic

For the fourth year in a row, the Czech Republic recorded decline in overseas purchases of colouring matter of vegetable or animal origin, which decreased by -2.6% to X tons in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 114%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, vegetable or animal colouring matter imports stood at $X in 2021. The total import value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 30% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Poland (X tons) and the Netherlands (X tons) were the main suppliers of vegetable or animal colouring matter imports to the Czech Republic, together comprising 76% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +33.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and the Netherlands ($X) appeared to be the largest vegetable or animal colouring matter suppliers to the Czech Republic, together comprising 71% of total imports.

Poland, with a CAGR of +51.1%, 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

In 2021, the average import price for colouring matter of vegetable or animal origin amounted to $X per ton, increasing by 4.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 77%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Slovakia ($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 (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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