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

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

The Singaporean market for colouring matter of vegetable or animal origin surged to $X in 2021, with an increase of 16% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.7% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Singapore

In value terms, vegetable or animal colouring matter production reached $X in 2021 estimated in export price. Overall, production saw a abrupt setback. The pace of growth was the most pronounced in 2014 when the production volume increased by 37% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Singapore

In 2021, overseas shipments of colouring matter of vegetable or animal origin increased by 79% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, exports, however, showed a abrupt downturn. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports expanded significantly to $X in 2021. Overall, exports, however, recorded a deep slump. The growth pace was the most rapid in 2014 when exports increased by 47% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons), Malaysia (X tons) and Indonesia (X tons) were the main destinations of vegetable or animal colouring matter exports from Singapore, with a combined 76% 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 the Philippines (with a CAGR of +141.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vegetable or animal colouring matter exported from Singapore were Malaysia ($X), the Philippines ($X) and Thailand ($X), with a combined 47% share of total exports.

Among the main countries of destination, the Philippines, with a CAGR of +93.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, shrinking by -38% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 101% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the Philippines ($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 Malaysia (-0.7%), while the prices for the other major destinations experienced a decline.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into Singapore

For the fifth consecutive year, Singapore recorded growth in purchases abroad of colouring matter of vegetable or animal origin, which increased by 81% to X tons in 2021. Overall, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vegetable or animal colouring matter imports surged to $X in 2021. Over the period under review, imports posted a temperate increase. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest vegetable or animal colouring matter supplier to Singapore, accounting for a 47% share of total imports. Moreover, vegetable or animal colouring matter imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +41.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-5.2% per year) and Spain (+18.9% per year).

In value terms, the largest vegetable or animal colouring matter suppliers to Singapore were China ($X), Japan ($X) and the United States ($X), together accounting for 61% of total imports.

China, with a CAGR of +30.8%, saw the highest growth rate of 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, shrinking by -14.1% against the previous year. Overall, the import price showed a deep slump. The pace of growth was the most pronounced in 2014 an increase of 49%. Over the period under review, average import prices attained the maximum 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 Denmark ($X per ton), while the price for India ($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 UK (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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