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

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

The Kazakh market for colouring matter of vegetable or animal origin surged to $X in 2021, rising by 61% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a prominent expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in years to come.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Kazakhstan

For the third consecutive year, Kazakhstan recorded growth in overseas shipments of colouring matter of vegetable or animal origin, which increased by 11% to X kg in 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 156%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, vegetable or animal colouring matter exports rose significantly to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 344%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The Czech Republic (X kg) was the main destination for vegetable or animal colouring matter exports from Kazakhstan, with a 49% share of total exports. It was followed by Uzbekistan (X kg), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-70.0% per year) and Russia (-23.4% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for colouring matter of vegetable or animal origin exports from Kazakhstan, comprising 48% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-60.8% per year) and Russia (-1.5% 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, approximately mirroring the previous year. Over the period under review, the export price, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 73%. The export price peaked at $X per ton in 2020, and then contracted 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 Russia ($X per ton), while the average price for exports to Uzbekistan ($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 Russia (+27.4%).

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into Kazakhstan

In 2021, vegetable or animal colouring matter imports into Kazakhstan soared to X tons, rising by 25% on 2020 figures. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by 139% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, vegetable or animal colouring matter imports skyrocketed to $X in 2021. In general, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of vegetable or animal colouring matter to Kazakhstan, accounting for a 36% share of total imports. Moreover, vegetable or animal colouring matter imports from Russia exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.0% per year) and China (+22.7% per year).

In value terms, Russia ($X) constituted the largest supplier of colouring matter of vegetable or animal origin to Kazakhstan, comprising 27% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Slovenia, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.8% per year) and Slovenia (+27.7% per year).

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 46% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vegetable or animal colouring matter import price increased by +97.3% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 53%. The import price peaked in 2021 and is expected to retain growth in the near future.

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 France ($X per ton), while the price for Iran ($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 (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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