Russian Federation: Market for Colouring Matter Of Vegetable Or Animal Origin 2024

Market Size for Colouring Matter Of Vegetable Or Animal Origin in the Russian Federation

The Russian market for colouring matter of vegetable or animal origin was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in the Russian Federation

In value terms, vegetable or animal colouring matter production totaled $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight shrinkage. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from the Russian Federation

In 2021, the amount of colouring matter of vegetable or animal origin exported from Russia surged to X tons, rising by 33% against the previous year. Overall, exports showed resilient growth. The growth pace was the most rapid in 2017 when exports increased by 58% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, vegetable or animal colouring matter exports skyrocketed to $X in 2021. In general, exports showed buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 58% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belarus (X tons) was the main destination for vegetable or animal colouring matter exports from Russia, accounting for a 37% share of total exports. Moreover, vegetable or animal colouring matter exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold. Uzbekistan (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus stood at +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+18.8% per year) and Uzbekistan (+20.8% per year).

In value terms, Belarus ($X) remains the key foreign market for colouring matter of vegetable or animal origin exports from Russia, comprising 52% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 14% share of total exports. It was followed by Ukraine, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus stood at +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+13.2% per year) and Ukraine (+1.6% 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, falling by -1.7% against the previous year. In general, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 13% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

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 Ukraine ($X per ton), while the average price for exports to Turkmenistan ($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 Georgia (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into the Russian Federation

For the third consecutive year, Russia recorded growth in purchases abroad of colouring matter of vegetable or animal origin, which increased by 12% to X tons in 2021. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 27%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, vegetable or animal colouring matter imports surged to $X in 2021. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 40% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Italy (X tons) and France (X tons) were the main suppliers of vegetable or animal colouring matter imports to Russia, with a combined 46% share of total imports. Spain, Denmark, Bulgaria, the UK, Turkey, Peru, Germany, Ireland and Slovenia lagged somewhat behind, together comprising a further 49%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +199.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter suppliers to Russia were Peru ($X), Denmark ($X) and China ($X), with a combined 46% share of total imports. Ireland, the UK, France, Germany, Italy, Spain, Turkey, Bulgaria and Slovenia lagged somewhat behind, together comprising a further 49%.

Bulgaria, with a CAGR of +184.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, with an increase of 7.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average 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 Ireland ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :