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

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

The Myanmar's market for colouring matter of vegetable or animal origin was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, recorded a pronounced decline. Vegetable or animal colouring matter consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Myanmar

In value terms, vegetable or animal colouring matter production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable decline. The growth pace was the most rapid in 2016 with an increase of 19%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Myanmar

In 2021, overseas shipments of colouring matter of vegetable or animal origin decreased by -71% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate perceptible growth. The growth pace was the most rapid in 2013 when exports increased by 285%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports reduced remarkably to $X in 2021. In general, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 299%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for vegetable or animal colouring matter exports from Myanmar, accounting for a 74% share of total exports. Moreover, vegetable or animal colouring matter exports to Singapore exceeded the volume sent to the second major destination, Pakistan (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore amounted to +148.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (0.0% per year) and India (-35.6% per year).

In value terms, Singapore ($X) remains the key foreign market for colouring matter of vegetable or animal origin exports from Myanmar, comprising 67% of total exports. The second position in the ranking was held by Pakistan ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled +115.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (0.0% per year) and India (-30.3% per year).

Export Prices by Country

The average export price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, falling by -28.9% against the previous year. In general, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.6% 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 2019 when the average export price increased by 23% against the previous year. The export price peaked at $X per ton in 2020, and then contracted sharply in the following year.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Singapore ($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 India (+8.2%).

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into Myanmar

In 2021, supplies from abroad of colouring matter of vegetable or animal origin increased by 215% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vegetable or animal colouring matter imports soared to $X in 2021. In general, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 97% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of vegetable or animal colouring matter to Myanmar, accounting for a 93% share of total imports. It was followed by Thailand (X kg), with a 1.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-17.6% per year) and India (-3.7% per year).

In value terms, China ($X) constituted the largest supplier of colouring matter of vegetable or animal origin to Myanmar, comprising 79% of total imports. The second position in the ranking was taken by Thailand ($X), with a 4.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-11.5% per year) and India (-4.7% per year).

Import Prices by Country

In 2021, the average import price for colouring matter of vegetable or animal origin amounted to $X per ton, which is down by -42% against the previous year. In general, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2019 when the average import price increased by 33%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

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 Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+7.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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