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

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

The Norwegian market for colouring matter of vegetable or animal origin rose to $X in 2021, with an increase of 3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed strong growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Norway

Vegetable or animal colouring matter exports from Norway contracted sharply to X tons in 2021, with a decrease of -91.3% against the previous year. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,907%. As a result, the exports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, vegetable or animal colouring matter exports declined dramatically to $X in 2021. Overall, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 2,681%. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

Denmark (X tons) was the main destination for vegetable or animal colouring matter exports from Norway, with a 80% share of total exports. Moreover, vegetable or animal colouring matter exports to Denmark exceeded the volume sent to the second major destination, Sweden (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark amounted to +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+29.5% per year) and Bahamas (0.0% per year).

In value terms, Denmark ($X) emerged as the key foreign market for colouring matter of vegetable or animal origin exports from Norway, comprising 68% of total exports. The second position in the ranking was taken by Sweden ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Denmark amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+36.3% per year) and Bahamas (0.0% per year).

Export Prices by Country

In 2021, the average export price for colouring matter of vegetable or animal origin amounted to $X per ton, reducing by -49.5% against the previous year. In general, the export price saw a deep contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 115%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Denmark ($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 Finland (+32.9%), 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 Norway

In 2021, imports of colouring matter of vegetable or animal origin into Norway soared to X tons, increasing by 19% on the year before. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 83% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, vegetable or animal colouring matter imports contracted sharply to $X in 2021. In general, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 145%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), France (X tons) and Italy (X tons) were the main suppliers of vegetable or animal colouring matter imports to Norway, with a combined 76% share of total imports. These countries were followed by Germany, the United States, Denmark, Spain and the UK, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +82.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Italy ($X) appeared to be the largest vegetable or animal colouring matter suppliers to Norway, together comprising 79% of total imports. Germany, the United States, Denmark, the UK and Spain lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, the United States, with a CAGR of +58.6%, recorded 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 average import price for colouring matter of vegetable or animal origin amounted to $X per ton, declining by -29.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 34%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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