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

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

The Kenyan market for colouring matter of vegetable or animal origin surged to $X in 2021, with an increase of 37% against the previous year. Over the period under review, consumption recorded buoyant growth. Vegetable or animal colouring matter consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Kenya

In value terms, vegetable or animal colouring matter production soared to $X in 2021 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 43%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Kenya

In 2021, shipments abroad of colouring matter of vegetable or animal origin increased by 20% to X tons, rising for the fifth consecutive year after three years of decline. In general, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +13.4% 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 +72.7% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 117%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, vegetable or animal colouring matter exports surged to $X in 2021. Overall, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 140%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons), Denmark (X tons) and the UK (X tons) were the main destinations of vegetable or animal colouring matter exports from Kenya, together comprising 70% of total exports. These countries were followed by South Africa and Japan, which together accounted for a further 2.8%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +121.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Denmark ($X) and the UK ($X) constituted the largest markets for vegetable or animal colouring matter exported from Kenya worldwide, with a combined 69% share of total exports. South Africa and Japan lagged somewhat behind, together comprising a further 4.3%.

South Africa, with a CAGR of +124.9%, saw the highest rates of growth with regard to 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

In 2021, the average export price for colouring matter of vegetable or animal origin amounted to $X per ton, flattening at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2019 an increase of 41%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

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 Japan ($X per ton), while the average price for exports to the United States ($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 Brazil (+39.6%), 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 Kenya

In 2021, after two years of growth, there was significant decline in overseas purchases of colouring matter of vegetable or animal origin, when their volume decreased by -9.1% to X tons. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 141%. Over the period under review, imports attained the maximum at X tons in 2020, and then contracted in the following year.

In value terms, vegetable or animal colouring matter imports skyrocketed to $X in 2021. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2013 with an increase of 216% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Denmark (X tons) constituted the largest vegetable or animal colouring matter supplier to Kenya, with a 36% share of total imports. Moreover, vegetable or animal colouring matter imports from Denmark exceeded the figures recorded by the second-largest supplier, Swaziland (X tons), twofold. India (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark stood at +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Swaziland (+61.3% per year) and India (-0.5% per year).

In value terms, Denmark ($X), Swaziland ($X) and the United States ($X) were the largest vegetable or animal colouring matter suppliers to Kenya, together accounting for 55% of total imports. South Africa, Morocco, the UK and India lagged somewhat behind, together comprising a further 8.4%.

Among the main suppliers, South Africa, with a CAGR of +106.7%, 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, surging by 63% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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