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

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

After two years of growth, the French market for colouring matter of vegetable or animal origin decreased by -4% to $X in 2021. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Vegetable or animal colouring matter consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in France

In value terms, vegetable or animal colouring matter production shrank markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 177%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from France

In 2021, overseas shipments of colouring matter of vegetable or animal origin increased by 30% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, continue to indicate a noticeable decline. Over the period under review, the exports reached the peak figure 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 surged to $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 33%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Spain (X tons) and Russia (X tons) were the main destinations of vegetable or animal colouring matter exports from France, with a combined 55% share of total exports. These countries were followed by Bulgaria, Belgium, the UK, the United States, Germany, Algeria, the Netherlands, Poland, Morocco and China, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Algeria (with a CAGR of +29.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for colouring matter of vegetable or animal origin exports from France, comprising 33% of total exports. The second position in the ranking was taken by Italy ($X), with a 12% share of total exports. It was followed by Germany, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+6.3% per year) and Germany (+6.3% 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, shrinking by -9.2% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vegetable or animal colouring matter export price increased by +14.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 44%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Bulgaria ($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 Morocco (+26.8%), 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 France

In 2021, vegetable or animal colouring matter imports into France expanded remarkably to X tons, rising by 9.1% on 2020. The total import volume increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 11% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, vegetable or animal colouring matter imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and China (X tons) were the main suppliers of vegetable or animal colouring matter imports to France, together comprising 38% of total imports. Denmark, the UK, Belgium, India, the Czech Republic, Spain, Mexico and Italy lagged somewhat behind, together accounting for a further 58%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +109.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter suppliers to France were the Netherlands ($X), the UK ($X) and Germany ($X), together accounting for 44% of total imports. Denmark, Belgium, China, India, Spain, Italy, Mexico and the Czech Republic lagged somewhat behind, together accounting for a further 35%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +75.2%, recorded the highest rates of growth with regard to 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, rising by 4.4% against the previous year. Overall, the import price, however, saw a perceptible decrease. The growth pace was the most rapid in 2017 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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