Southern Asia: Market for Colouring Matter Of Vegetable Or Animal Origin 2025

Market Size for Colouring Matter Of Vegetable Or Animal Origin in Southern Asia

The South Asian market for colouring matter of vegetable or animal origin expanded notably to $X in 2021, picking up by 8.8% against the previous year. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 decreased by -4.9% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Southern Asia

In value terms, vegetable or animal colouring matter production stood at $X in 2021 estimated in export price. Overall, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in Southern Asia

In 2021, the amount of colouring matter of vegetable or animal origin exported in Southern Asia dropped rapidly to X tons, which is down by -17.7% on the previous year's figure. Overall, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2013 when exports increased by 28% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports rose notably to $X in 2021. Total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.8% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by 44% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

India prevails in exports structure, recording X tons, which was near 95% of total exports in 2021. Nepal (X tons) held a minor share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of colouring matter of vegetable or animal origin. Nepal (-15.3%) illustrated a downward trend over the same period. India (+12 p.p.) significantly strengthened its position in terms of the total exports, while Nepal saw its share reduced by -11.8% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest vegetable or animal colouring matter supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was taken by Nepal ($X), with a 3% share of total exports.

In India, vegetable or animal colouring matter exports increased at an average annual rate of +8.7% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, growing by 31% against the previous year. Overall, the export price saw a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Nepal stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.5%).

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in Southern Asia

In 2021, supplies from abroad of colouring matter of vegetable or animal origin increased by 46% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2016 when imports increased by 94%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, vegetable or animal colouring matter imports rose significantly to $X in 2021. Over the period under review, imports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2016 with an increase of 96% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) represented the key importer of colouring matter of vegetable or animal origin, comprising 58% of total imports. It was distantly followed by Bangladesh (X tons), generating a 35% share of total imports. The following importers - Pakistan (X tons), Afghanistan (X tons) and Sri Lanka (X tons) - each reached a 6.1% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +9.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, India ($X) constitutes the largest market for imported colouring matter of vegetable or animal origin in Southern Asia, comprising 78% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 12% share of total imports. It was followed by Pakistan, with a 4.8% share.

In India, vegetable or animal colouring matter imports expanded at an average annual rate of +3.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+7.6% per year) and Pakistan (+5.6% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, which is down by -24.8% against the previous year. Overall, the import price, however, saw a resilient increase. The pace of growth was the most pronounced in 2020 when the import price increased by 89%. As a result, import price attained the peak level of $X per ton, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+12.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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