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

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

In 2021, the Egyptian market for colouring matter of vegetable or animal origin decreased by -5.7% to $X, falling for the second year in a row after two years of growth. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.4% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Egypt

In 2021, overseas shipments of colouring matter of vegetable or animal origin decreased by -66.2% to X tons, falling for the third consecutive year after two years of growth. Overall, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2014 with an increase of 214% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter exports declined remarkably to $X in 2021. In general, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 110%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X kg), Kenya (X kg) and Oman (X kg) were the main destinations of vegetable or animal colouring matter exports from Egypt, with a combined 65% share of total exports. Syrian Arab Republic, the United Arab Emirates, France and Iraq lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +103.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X) emerged as the key foreign market for colouring matter of vegetable or animal origin exports from Egypt, comprising 46% of total exports. The second position in the ranking was held by Romania ($X), with a 17% share of total exports. It was followed by Oman, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Kenya totaled -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+40.9% per year) and Oman (0.0% per year).

Export Prices by Country

In 2021, the average export price for colouring matter of vegetable or animal origin amounted to $X per ton, with a decrease of -25.8% against the previous year. Overall, the export price, however, saw a strong increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 491%. As a result, the export price reached the peak level of $X per ton, and then plummeted in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to France ($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 Kenya (+39.8%), 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 Egypt

In 2021, supplies from abroad of colouring matter of vegetable or animal origin decreased by -6.4% to X tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% 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 decreased by -13.0% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 62% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, vegetable or animal colouring matter imports declined to $X in 2021. In general, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.7% 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 decreased by -15.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 42% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), Turkey (X tons) and the UK (X tons) were the main suppliers of vegetable or animal colouring matter imports to Egypt, with a combined 55% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +89.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter suppliers to Egypt were Peru ($X), India ($X) and Turkey ($X), together comprising 51% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +89.7%, recorded the highest growth rate of the value of imports, 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, flattening at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 55%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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