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

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

For the fourth year in a row, the Moroccan market for colouring matter of vegetable or animal origin recorded growth in sales value, which increased by 17% to $X in 2021. Overall, consumption recorded a resilient increase. Vegetable or animal colouring matter consumption peaked in 2021 and is likely to continue growth in the near future.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Morocco

In 2021, overseas shipments of colouring matter of vegetable or animal origin increased by 123% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a moderate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 19,600% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, vegetable or animal colouring matter exports soared to $X in 2021. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 14,593% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons), Kenya (X tons) and Spain (X tons) were the main destinations of vegetable or animal colouring matter exports from Morocco, together accounting for 100% 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 Spain (with a CAGR of +535.8%), while the other leaders experienced mixed trend patterns.

In value terms, France ($X), Kenya ($X) and Spain ($X) were the largest markets for vegetable or animal colouring matter exported from Morocco worldwide, together comprising 99.9% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +306.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for colouring matter of vegetable or animal origin amounted to $X per ton, shrinking by -21.7% against the previous year. In general, the export price, however, saw a prominent expansion. The pace of growth was the most pronounced in 2019 an increase of 83%. The export price peaked at $X per ton in 2020, and then reduced dramatically in the following year.

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 Spain ($X per ton), while the average price for exports to the United Arab Emirates ($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 France (+19.8%), 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 Morocco

For the third year in a row, Morocco recorded growth in overseas purchases of colouring matter of vegetable or animal origin, which increased by 8.5% to X tons in 2021. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 79% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, vegetable or animal colouring matter imports surged to $X in 2021. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by 87% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Denmark (X tons) constituted the largest vegetable or animal colouring matter supplier to Morocco, accounting for a 50% share of total imports. Moreover, vegetable or animal colouring matter imports from Denmark exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark amounted to +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+40.0% per year) and Spain (+4.7% per year).

In value terms, Denmark ($X) constituted the largest supplier of colouring matter of vegetable or animal origin to Morocco, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Germany, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+33.8% per year) and Germany (+5.4% 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, with an increase of 20% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 26%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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