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

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

In 2021, the Israeli market for colouring matter of vegetable or animal origin increased by 4.4% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Israel

In value terms, vegetable or animal colouring matter production amounted to $X in 2021 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 68%. Vegetable or animal colouring matter production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Israel

In 2021, shipments abroad of colouring matter of vegetable or animal origin was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 133% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports rose markedly to $X in 2021. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 133% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for vegetable or animal colouring matter exports from Israel, accounting for a 37% share of total exports. Moreover, vegetable or animal colouring matter exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+11.6% per year) and the Netherlands (-1.2% per year).

In value terms, the United States ($X) remains the key foreign market for colouring matter of vegetable or animal origin exports from Israel, comprising 37% of total exports. The second position in the ranking was held by Japan ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+11.5% per year) and the Netherlands (-1.3% 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, rising by 3.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 23%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were India ($X per ton) and the United States ($X per ton), while the average price for exports to China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.4%), while the prices for the other major destinations experienced a decline.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into Israel

In 2021, the amount of colouring matter of vegetable or animal origin imported into Israel surged to X tons, picking up by 26% compared with the previous year. The total import volume 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vegetable or animal colouring matter imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Ukraine (X tons), Germany (X tons) and China (X tons) were the main suppliers of vegetable or animal colouring matter imports to Israel, together accounting for 62% of total imports. The Netherlands, Ireland, Spain, the United States, India, Denmark, the UK and Switzerland lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +57.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter suppliers to Israel were Ukraine ($X), Germany ($X) and China ($X), together comprising 62% of total imports. These countries were followed by the Netherlands, Ireland, Spain, the United States, India, Denmark, the UK and Switzerland, which together accounted for a further 35%.

In terms of the main suppliers, Ireland, with a CAGR of +55.9%, 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

The average import price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, approximately reflecting the previous year. In general, the import price, however, showed a mild setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 0.7% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and China ($X per ton), while the price for the Netherlands ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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