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

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

In 2021, after two years of decline, there was significant growth in the Italian market for colouring matter of vegetable or animal origin, when its value increased by 178% to $X. Over the period under review, consumption enjoyed a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Colouring Matter Of Vegetable Or Animal Origin in Italy

In value terms, vegetable or animal colouring matter production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded a strong increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Italy

In 2021, approx. X tons of colouring matter of vegetable or animal origin were exported from Italy; with an increase of 7.7% compared with 2020 figures. Overall, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.4% against 2012 indices. The pace of growth appeared the most rapid in 2017 with an increase of 20%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, vegetable or animal colouring matter exports rose slightly to $X in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.5% against 2015 indices. The pace of growth was the most pronounced in 2013 when exports increased by 19%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons), Denmark (X tons) and Germany (X tons) were the main destinations of vegetable or animal colouring matter exports from Italy, together comprising 41% of total exports. The UK, Russia, Belgium, France, Poland, China, Ireland, Australia, Romania and the Netherlands lagged somewhat behind, together comprising a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +55.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Denmark ($X) and Germany ($X) were the largest markets for vegetable or animal colouring matter exported from Italy worldwide, with a combined 47% share of total exports. France, the UK, Australia, Poland, China, Belgium, Russia, the Netherlands, Ireland and Romania lagged somewhat behind, together comprising a further 35%.

Belgium, with a CAGR of +47.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, with a decrease of -4.2% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Russia ($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 the UK (+6.5%), 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 Italy

After two years of decline, overseas purchases of colouring matter of vegetable or animal origin increased by 16% to X tons in 2021. In general, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 37%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, vegetable or animal colouring matter imports rose sharply to $X in 2021. Over the period under review, total imports indicated a temperate 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 increased by +89.9% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 31%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

Spain (X tons), France (X tons) and Germany (X tons) were the main suppliers of vegetable or animal colouring matter imports to Italy, together accounting for 72% of total imports. China, Austria, India, the Netherlands, Belgium, Peru and the UK lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +58.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter suppliers to Italy were Austria ($X), Spain ($X) and France ($X), together comprising 53% of total imports.

Austria, with a CAGR of +67.6%, saw the highest growth rate of the value of imports, in terms of 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 -3.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 16% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined 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 UK ($X per ton), while the price for Belgium ($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 (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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