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

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

In 2021, the Polish market for colouring matter of vegetable or animal origin was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, showed a perceptible slump. Over the period under review, the market attained the peak level 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 Poland

In value terms, vegetable or animal colouring matter production declined to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 135%. Vegetable or animal colouring matter production peaked at $X in 2020, and then reduced in the following year.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Poland

In 2021, after four years of growth, there was significant decline in shipments abroad of colouring matter of vegetable or animal origin, when their volume decreased by -10.6% to X tons. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 87% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then shrank in the following year.

In value terms, vegetable or animal colouring matter exports reduced rapidly to $X in 2021. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 84% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then reduced sharply in the following year.

Exports by Country

Russia (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of vegetable or animal colouring matter exports from Poland, with a combined 65% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +272.8%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and the Czech Republic ($X) were the largest markets for vegetable or animal colouring matter exported from Poland worldwide, with a combined 52% share of total exports. Denmark, Ukraine, Belgium, Belarus and the UK lagged somewhat behind, together comprising a further 23%.

Belgium, with a CAGR of +230.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for colouring matter of vegetable or animal origin amounted to $X per ton, waning by -12.5% against the previous year. Over the period under review, the export price showed a noticeable descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Belgium ($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 Belarus (+10.3%), 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 Poland

Vegetable or animal colouring matter imports into Poland soared to X tons in 2021, jumping by 30% on the previous year's figure. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vegetable or animal colouring matter imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Denmark (X tons) and the Netherlands (X tons) were the main suppliers of vegetable or animal colouring matter imports to Poland, with a combined 52% share of total imports. These countries were followed by Italy, Turkey, Austria, the UK, France and Spain, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +65.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter suppliers to Poland were the Netherlands ($X), Denmark ($X) and Germany ($X), with a combined 62% share of total imports. Italy, Austria, the UK, France, Spain and Turkey lagged somewhat behind, together accounting for a further 24%.

Turkey, with a CAGR of +45.9%, saw the highest growth rate of 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, which is down by -7.9% against the previous year. In general, the import price recorded a slight downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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