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

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

The Indian market for colouring matter of vegetable or animal origin rose to $X in 2021, increasing by 4.1% against the previous year. Over the period under review, consumption saw a prominent expansion. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Production of Colouring Matter Of Vegetable Or Animal Origin in India

In value terms, vegetable or animal colouring matter production contracted to $X in 2021 estimated in export price. Overall, production, however, showed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 36%. Vegetable or animal colouring matter production peaked at $X in 2020, and then fell in the following year.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from India

In 2021, the amount of colouring matter of vegetable or animal origin exported from India dropped markedly to X tons, shrinking by -20.6% on 2020 figures. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 37%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, vegetable or animal colouring matter exports expanded sharply to $X in 2021. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Italy (X tons), Bangladesh (X tons) and Afghanistan (X tons) were the main destinations of vegetable or animal colouring matter exports from India, together accounting for 41% of total exports. These countries were followed by France, Senegal, China, the United Arab Emirates, Israel, Iran, Nigeria, Poland, the United States and Nepal, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Senegal (with a CAGR of +205.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vegetable or animal colouring matter exported from India were Israel ($X), Senegal ($X) and the United States ($X), together accounting for 25% of total exports.

In terms of the main countries of destination, Senegal, with a CAGR of +189.9%, saw 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 average export price for colouring matter of vegetable or animal origin amounted to $X per ton, surging by 33% against the previous year. Over the period under review, the export price posted strong growth. The pace of growth appeared the most rapid in 2018 an increase of 37%. The export price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Afghanistan ($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 (+7.9%), 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 India

In 2021, imports of colouring matter of vegetable or animal origin into India skyrocketed to X tons, growing by 97% compared with the year before. In general, imports, however, recorded a pronounced downturn. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter imports expanded remarkably to $X in 2021. Overall, imports showed a measured increase. The most prominent rate of growth was recorded in 2017 with an increase of 62% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Nepal (X tons) constituted the largest supplier of vegetable or animal colouring matter to India, with a 27% share of total imports. Moreover, vegetable or animal colouring matter imports from Nepal exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from Nepal totaled -15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+181.1% per year) and the United States (+20.8% per year).

In value terms, the United States ($X), China ($X) and Peru ($X) appeared to be the largest vegetable or animal colouring matter suppliers to India, together comprising 47% of total imports. These countries were followed by Germany, Nepal, Turkey, Denmark, the UK and Myanmar, which together accounted for a further 21%.

Turkey, with a CAGR of +180.0%, 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

The average import price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, shrinking by -44% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2020 when the average import price increased by 145% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced markedly in the following year.

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 United States ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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