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

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

The Malaysian market for colouring matter of vegetable or animal origin skyrocketed to $X in 2021, with an increase of 19% against the previous year. In general, consumption enjoyed a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Malaysia

In value terms, vegetable or animal colouring matter production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Malaysia

Vegetable or animal colouring matter exports from Malaysia declined sharply to X tons in 2021, dropping by -60.3% against the previous year's figure. In general, exports saw a deep contraction. The growth pace was the most rapid in 2013 with an increase of 96%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, vegetable or animal colouring matter exports dropped dramatically to $X in 2021. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 42%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Morocco (X tons), Pakistan (X tons) and Thailand (X tons) were the main destinations of vegetable or animal colouring matter exports from Malaysia, with a combined 58% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +5.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vegetable or animal colouring matter exported from Malaysia were China ($X), Denmark ($X) and Thailand ($X), together comprising 46% of total exports. These countries were followed by the United States, Indonesia, Morocco, Japan, Pakistan and Singapore, which together accounted for a further 20%.

Indonesia, with a CAGR of +8.3%, 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 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, increasing by 23% against the previous year. In general, the export price, however, showed a perceptible downturn. The growth pace was the most rapid in 2017 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Pakistan ($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 Japan (+23.6%), 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 Malaysia

In 2021, overseas purchases of colouring matter of vegetable or animal origin were finally on the rise to reach X tons after two years of decline. In general, imports, however, continue to indicate a perceptible decline. The growth pace was the most rapid in 2016 when imports increased by 51%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, vegetable or animal colouring matter imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), China (X tons) and the United States (X tons) were the main suppliers of vegetable or animal colouring matter imports to Malaysia, with a combined 40% share of total imports. Iran, Japan, the UK, Denmark, Singapore, Italy, Spain, Saudi Arabia, Germany and South Africa lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +51.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter suppliers to Malaysia were Japan ($X), the United States ($X) and China ($X), together comprising 36% of total imports. These countries were followed by Denmark, Saudi Arabia, India, the UK, Italy, Germany, Spain, South Africa, Singapore and Iran, which together accounted for a further 37%.

South Africa, with a CAGR of +32.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for colouring matter of vegetable or animal origin amounted to $X per ton, increasing by 33% against the previous year. In general, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.1% 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 +103.8% against 2016 indices. As a result, import price attained 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 Japan ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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