Eastern Asia: Market for Colouring Matter Of Vegetable Or Animal Origin 2025

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

In 2021, the East Asian market for colouring matter of vegetable or animal origin decreased by -0.6% to $X, falling for the fourth year in a row after four years of growth. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

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

In value terms, vegetable or animal colouring matter production shrank slightly to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +1.2% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 17%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in Eastern Asia

For the tenth consecutive year, Eastern Asia recorded growth in overseas shipments of colouring matter of vegetable or animal origin, which increased by 5.1% to X tons in 2021. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 167% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, vegetable or animal colouring matter exports reached $X in 2021. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 195% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, amounting to X tons, which was approx. 94% of total exports in 2021. The following exporters - Japan (X tons) and South Korea (X tons) - together made up 5.3% of total exports.

China was also the fastest-growing in terms of the colouring matter of vegetable or animal origin exports, with a CAGR of +45.7% from 2012 to 2021. At the same time, South Korea (+5.4%) and Japan (+4.6%) displayed positive paces of growth. From 2012 to 2021, the share of China increased by +53 percentage points.

In value terms, China ($X) remains the largest vegetable or animal colouring matter supplier in Eastern Asia, comprising 89% of total exports. The second position in the ranking was held by Japan ($X), with an 8% share of total exports.

In China, vegetable or animal colouring matter exports increased at an average annual rate of +36.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+3.6% per year) and South Korea (+9.3% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by 1.9% against the previous year. In general, the export price, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the export price increased by 11%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.7%), while the other leaders experienced a decline in the export price figures.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in Eastern Asia

After three years of decline, supplies from abroad of colouring matter of vegetable or animal origin increased by 10% to X tons in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 40% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, vegetable or animal colouring matter imports rose to $X in 2021. In general, imports showed a modest expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 23% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Japan represented the key importing country with an import of about X tons, which finished at 54% of total imports. It was distantly followed by South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons), together generating a 46% share of total imports.

Imports into Japan decreased at an average annual rate of -2.3% from 2012 to 2021. At the same time, Taiwan (Chinese) (+10.8%) and South Korea (+10.0%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +10.8% from 2012-2021. By contrast, China (-5.8%) illustrated a downward trend over the same period. While the share of South Korea (+11 p.p.) and Taiwan (Chinese) (+6.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-7.2 p.p.) and China (-10 p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported colouring matter of vegetable or animal origin in Eastern Asia, comprising 65% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by South Korea, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan was relatively modest. In the other countries, the average annual rates were as follows: China (+1.7% per year) and South Korea (+12.2% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, declining by -6.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2019 when the import price increased by 26% against the previous year. The level of import peaked at $X per ton in 2020, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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