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

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

In 2021, the Europe market for colouring matter of vegetable or animal origin increased by 6.6% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Europe

In value terms, vegetable or animal colouring matter production expanded remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 15% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in Europe

In 2021, approx. X tons of colouring matter of vegetable or animal origin were exported in Europe; picking up by 3.1% compared with the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 6.6%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, vegetable or animal colouring matter exports totaled $X in 2021. The total export value increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 22% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons), the Netherlands (X tons), Italy (X tons), Germany (X tons), Denmark (X tons) and France (X tons) represented roughly 82% of total exports in 2021. It was distantly followed by the UK (X tons), generating a 5.2% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Germany (with a CAGR of +6.7%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Denmark ($X) were the countries with the highest levels of exports in 2021, together comprising 48% of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of +7.4%, recorded the highest growth rate of 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 Europe amounted to $X per ton, surging by 4.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2013 an increase of 21%. The level of export peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.1%), while the other leaders experienced more modest paces of growth.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in Europe

In 2021, vegetable or animal colouring matter imports in Europe reduced modestly to X tons, with a decrease of -3.5% on 2020. Over the period under review, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 13% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 15% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Italy (X tons) and the Netherlands (X tons) were the major importers of colouring matter of vegetable or animal origin in Europe, together constituting 30% of total imports. France (X tons) held a 9.3% share (based on physical terms) of total imports, which put it in second place, followed by Germany (8.7%), Spain (8.1%), Russia (6.9%), the UK (5.8%) and Denmark (5.1%). Belgium (X tons), Ireland (X tons), Poland (X tons), Romania (X tons) and Austria (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +12.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter importing markets in Europe were the Netherlands ($X), Germany ($X) and Spain ($X), with a combined 39% share of total imports. These countries were followed by France, Italy, the UK, Denmark, Russia, Belgium, Poland, Ireland, Austria and Romania, which together accounted for a further 46%.

Russia, with a CAGR of +11.2%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, picking up by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +5.7%. The most prominent rate of growth was recorded in 2014 an increase of 19%. Over the period under review, import prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

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 Germany ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+25.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform