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

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

In 2021, the MENA's market for colouring matter of vegetable or animal origin was finally on the rise to reach $X after two years of decline. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.1% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in MENA

In value terms, vegetable or animal colouring matter production rose remarkably to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in MENA

In 2021, shipments abroad of colouring matter of vegetable or animal origin was finally on the rise to reach X tons after two years of decline. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 49%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, vegetable or animal colouring matter exports reached $X in 2021. Overall, exports posted a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 113% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Israel represented the main exporter of colouring matter of vegetable or animal origin in MENA, with the volume of exports recording X tons, which was approx. 58% of total exports in 2021. It was distantly followed by Turkey (X tons), achieving a 35% share of total exports. The United Arab Emirates (X tons) and Iran (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Israel (with a CAGR of +13.5%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest vegetable or animal colouring matter supplier in MENA, comprising 79% of total exports. The second position in the ranking was held by Turkey ($X), with an 18% share of total exports. It was followed by the United Arab Emirates, with a 1.4% share.

In Israel, vegetable or animal colouring matter exports increased at an average annual rate of +13.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (+34.1% per year) and the United Arab Emirates (+13.6% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, waning by -9.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2013 an increase of 62% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+18.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in MENA

In 2021, imports of colouring matter of vegetable or animal origin in MENA expanded notably to X tons, rising by 7.7% against the previous year's figure. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.0% against 2012 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 32% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, vegetable or animal colouring matter imports soared to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 22%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Algeria (X tons) and Turkey (X tons) were the key importers of colouring matter of vegetable or animal origin in 2021, recording near 26% and 22% of total imports, respectively. Egypt (X tons) ranks next in terms of the total imports with a 13% share, followed by Iran (9.2%), Israel (8.1%), the United Arab Emirates (7.7%) and Saudi Arabia (6.3%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Algeria (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Israel ($X) and Iran ($X) constituted the countries with the highest levels of imports in 2021, with a combined 57% share of total imports. Egypt, Algeria, the United Arab Emirates and Saudi Arabia lagged somewhat behind, together comprising a further 33%.

Among the main importing countries, Algeria, with a CAGR of +18.3%, saw the highest growth rate of 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

In 2021, the import price in MENA amounted to $X per ton, increasing by 13% against the previous year. In general, the import price, however, saw a mild contraction. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform