Northern America: Market for Colouring Matter Of Vegetable Or Animal Origin 2024

Market Size for Colouring Matter Of Vegetable Or Animal Origin in Northern America

In 2021, the North American market for colouring matter of vegetable or animal origin decreased by -7.2% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Production of Colouring Matter Of Vegetable Or Animal Origin in Northern America

In value terms, vegetable or animal colouring matter production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by 29%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in Northern America

In 2021, approx. X tons of colouring matter of vegetable or animal origin were exported in Northern America; surging by 5.7% on the previous year's figure. Over the period under review, exports, however, saw a mild reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 27% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter exports skyrocketed to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +54.4% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by 29% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

The United States prevails in exports structure, recording X tons, which was near 91% of total exports in 2021. It was distantly followed by Canada (X tons), constituting a 9.5% share of total exports.

The United States was also the fastest-growing in terms of the colouring matter of vegetable or animal origin exports, with a CAGR of -1.1% from 2012 to 2021. Canada (-3.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +1.6 percentage points.

In value terms, the United States ($X) remains the largest vegetable or animal colouring matter supplier in Northern America, comprising 97% of total exports. The second position in the ranking was held by Canada ($X), with a 3.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +7.0%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, jumping by 16% against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +8.3% 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 export price increased by +54.4% against 2014 indices. The pace of growth appeared the most rapid in 2020 an increase of 23% against the previous year. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.2%).

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in Northern America

In 2021, approx. X tons of colouring matter of vegetable or animal origin were imported in Northern America; which is down by -4.5% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 24%. As a result, imports attained the peak of X tons, and then contracted slightly in the following year.

In value terms, vegetable or animal colouring matter imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

The United States was the major importer of colouring matter of vegetable or animal origin in Northern America, with the volume of imports finishing at X tons, which was near 82% of total imports in 2021. It was distantly followed by Canada (X tons), committing an 18% share of total imports.

The United States was also the fastest-growing in terms of the colouring matter of vegetable or animal origin imports, with a CAGR of +3.6% from 2012 to 2021. Canada experienced a relatively flat trend pattern. While the share of the United States (+4.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-4.2 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported colouring matter of vegetable or animal origin in Northern America, comprising 84% of total imports. The second position in the ranking was taken by Canada ($X), with a 16% share of total imports.

In the United States, vegetable or animal colouring matter imports increased at an average annual rate of +3.4% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, rising by 18% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.9%).

Source: IndexBox Platform

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