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

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

The Peruvian 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 continues to indicate a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Colouring Matter Of Vegetable Or Animal Origin in Peru

In value terms, vegetable or animal colouring matter production stood at $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 18% against the previous year. Vegetable or animal colouring matter production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Peru

Vegetable or animal colouring matter exports from Peru shrank sharply to X tons in 2021, with a decrease of -35.1% compared with the previous year. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 18%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter exports fell remarkably to $X in 2021. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by 37% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X tons), the United States (X tons) and Egypt (X tons) were the main destinations of vegetable or animal colouring matter exports from Peru, together comprising 34% of total exports. These countries were followed by China, Argentina, Guatemala, Ecuador, Russia, Mexico, Germany, Spain, Italy and El Salvador, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +21.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for vegetable or animal colouring matter exported from Peru were the United States ($X), China ($X) and Colombia ($X), with a combined 22% share of total exports.

China, with a CAGR of +8.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, declining by -2.9% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 16% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to El Salvador ($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 Russia (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into Peru

In 2021, supplies from abroad of colouring matter of vegetable or animal origin was finally on the rise to reach X tons after two years of decline. In general, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 226% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, vegetable or animal colouring matter imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by 348%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Mexico (X tons) and Spain (X tons) were the main suppliers of vegetable or animal colouring matter imports to Peru, with a combined 87% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +19.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of colouring matter of vegetable or animal origin to Peru, comprising 78% of total imports. The second position in the ranking was taken by Mexico ($X), with a 9.3% share of total imports. It was followed by Denmark, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-8.5% per year) and Denmark (-7.4% 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, dropping by -25.2% against the previous year. Overall, the import price recorded a deep setback. The growth pace was the most rapid in 2016 an increase of 37% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat 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 China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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