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

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

The Japanese market for colouring matter of vegetable or animal origin contracted modestly to $X in 2021, with a decrease of -1.5% against the previous year. In general, consumption recorded a noticeable contraction. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Japan

In value terms, vegetable or animal colouring matter production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible contraction. The growth pace was the most rapid in 2014 when the production volume increased by 29%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Japan

In 2021, vegetable or animal colouring matter exports from Japan skyrocketed to X tons, jumping by 35% on 2020. In general, total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% 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 +65.3% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vegetable or animal colouring matter exports stood at $X in 2021. The total export value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when exports increased by 18% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for vegetable or animal colouring matter exports from Japan, accounting for a 39% share of total exports. Moreover, vegetable or animal colouring matter exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), twofold. Vietnam (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+0.4% per year) and Vietnam (+6.2% per year).

In value terms, the United States ($X), China ($X) and Taiwan (Chinese) ($X) were the largest markets for vegetable or animal colouring matter exported from Japan worldwide, together comprising 45% of total exports.

China, with a CAGR of +10.4%, recorded the highest growth rate of the value of exports, in terms of 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, waning by -14.8% against the previous year. Over the period under review, the export price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2015 an increase of 19%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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 ($X per ton), while the average price for exports to China ($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 Thailand (+9.4%), 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 Japan

In 2021, supplies from abroad of colouring matter of vegetable or animal origin increased by 4.3% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2017 with an increase of 9.2% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, vegetable or animal colouring matter imports contracted modestly to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 12% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Spain (X tons) and Singapore (X tons) were the main suppliers of vegetable or animal colouring matter imports to Japan, with a combined 83% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +10.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of colouring matter of vegetable or animal origin to Japan, comprising 40% of total imports. The second position in the ranking was held by Spain ($X), with an 8.5% share of total imports. It was followed by Italy, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-14.4% per year) and Italy (-2.9% per year).

Import Prices by Country

The average import price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, waning by -5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2019 an increase of 16%. The import price peaked at $X per ton in 2020, and then declined modestly 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 Italy ($X per ton), while the price for Singapore ($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 (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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