New Zealand: Market for Colouring Matter Of Vegetable Or Animal Origin 2024

Market Size for Colouring Matter Of Vegetable Or Animal Origin in New Zealand

The New Zealand market for colouring matter of vegetable or animal origin was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, recorded a drastic downturn. Vegetable or animal colouring matter consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in New Zealand

In value terms, vegetable or animal colouring matter production fell to $X in 2021 estimated in export price. In general, production recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by 62%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from New Zealand

After two years of growth, shipments abroad of colouring matter of vegetable or animal origin decreased by -88.5% to X tons in 2021. Over the period under review, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2019 with an increase of 321%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, vegetable or animal colouring matter exports dropped dramatically to $X in 2021. In general, exports recorded a significant decrease. The pace of growth was the most pronounced in 2019 when exports increased by 282%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for vegetable or animal colouring matter exports from New Zealand, accounting for a 87% share of total exports. Moreover, vegetable or animal colouring matter exports to Canada exceeded the volume sent to the second major destination, Fiji (X tons), more than tenfold. Australia (X tons) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at -21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+0.5% per year) and Australia (+6.5% per year).

In value terms, Canada ($X) emerged as the key foreign market for colouring matter of vegetable or animal origin exports from New Zealand, comprising 88% of total exports. The second position in the ranking was taken by Fiji ($X), with a 4.2% share of total exports. It was followed by Australia, with a 2% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+8.4% per year) and Australia (+7.9% 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, growing by 9.4% against the previous year. Overall, the export price posted a buoyant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 71% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the United States ($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 Ireland (+33.1%), 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 New Zealand

In 2021, supplies from abroad of colouring matter of vegetable or animal origin increased by 25% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% 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 +50.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 59% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, vegetable or animal colouring matter imports soared to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 31%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Denmark (X tons), Australia (X tons) and the United States (X tons) were the main suppliers of vegetable or animal colouring matter imports to New Zealand, together accounting for 55% of total imports. France, Spain, Germany, the Netherlands, Switzerland, China, the UK and Ireland lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +50.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter suppliers to New Zealand were Denmark ($X), Australia ($X) and the United States ($X), with a combined 55% share of total imports. These countries were followed by France, Spain, Germany, the Netherlands, Switzerland, China, the UK and Ireland, which together accounted for a further 38%.

Spain, with a CAGR of +35.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, with a decrease of -1.7% against the previous year. Over the last nine years, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 62% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Denmark ($X per ton) and Australia ($X per ton), while the price for the UK ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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