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

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

In 2021, after two years of growth, there was significant decline in the Luxembourg market for colouring matter of vegetable or animal origin, when its value decreased by -28.3% to $X. Overall, consumption, however, showed modest growth. Vegetable or animal colouring matter consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Luxembourg

In value terms, vegetable or animal colouring matter production fell to $X in 2021 estimated in export price. In general, production, however, posted a strong expansion. The growth pace was the most rapid in 2019 when the production volume increased by 174%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Luxembourg

In 2021, overseas shipments of colouring matter of vegetable or animal origin decreased by -33.1% to X kg, falling for the third year in a row after two years of growth. Overall, exports recorded a significant curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 2,597% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, vegetable or animal colouring matter exports reduced remarkably to $X in 2021. Over the period under review, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 2,709%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X kg), Belgium (X kg) and Germany (X kg) were the main destinations of vegetable or animal colouring matter exports from Luxembourg, together accounting for 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), Germany ($X) and Belgium ($X) appeared to be the largest markets for vegetable or animal colouring matter exported from Luxembourg worldwide, together comprising 95% of total exports.

The UK, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, dropping by -44.1% against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 277%. The export price peaked at $X per ton in 2020, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($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 Iran (+156.1%), 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 Luxembourg

In 2021, supplies from abroad of colouring matter of vegetable or animal origin decreased by -1.8% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports faced a dramatic descent. The pace of growth appeared the most rapid in 2016 with an increase of 47% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, vegetable or animal colouring matter imports reduced rapidly to $X in 2021. Over the period under review, imports saw a abrupt setback. The pace of growth was the most pronounced in 2013 when imports increased by 54%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest vegetable or animal colouring matter supplier to Luxembourg, accounting for a 83% share of total imports. Moreover, vegetable or animal colouring matter imports from Germany exceeded the figures recorded by the second-largest supplier, France (X kg), more than tenfold. The third position in this ranking was taken by Belgium (X kg), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+9.8% per year) and Belgium (+3.0% per year).

In value terms, Germany ($X) constituted the largest supplier of colouring matter of vegetable or animal origin to Luxembourg, comprising 60% of total imports. The second position in the ranking was held by France ($X), with a 17% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+26.5% per year) and Belgium (+2.4% 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, declining by -16.9% against the previous year. In general, the import price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2019 an increase of 120%. The import price peaked at $X per ton in 2020, and then shrank notably 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 Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :