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

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

In 2021, the Spanish market for colouring matter of vegetable or animal origin decreased by -5.1% to $X, falling for the fourth consecutive year after four years of growth. Overall, consumption showed a slight decrease. Vegetable or animal colouring matter consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Spain

In value terms, vegetable or animal colouring matter production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a slight curtailment. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Spain

In 2021, overseas shipments of colouring matter of vegetable or animal origin decreased by -10.2% to X tons, falling for the second year in a row after six years of growth. Overall, exports saw a pronounced downturn. The pace of growth was the most pronounced in 2014 with an increase of 17% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports dropped slightly to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 25%. The exports peaked at $X in 2020, and then shrank slightly in the following year.

Exports by Country

The United States (X tons), Algeria (X tons) and Italy (X tons) were the main destinations of vegetable or animal colouring matter exports from Spain, with a combined 38% share of total exports. These countries were followed by Japan, France, Germany, the Netherlands, Portugal, Russia, Taiwan (Chinese), the UK, Guatemala and Ecuador, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +25.0%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for colouring matter of vegetable or animal origin exports from Spain, comprising 27% of total exports. The second position in the ranking was taken by Germany ($X), with a 10% share of total exports. It was followed by Italy, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.9% per year) and Italy (+2.9% 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, increasing by 8.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.8%. The pace of growth appeared the most rapid in 2013 an increase of 67%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Algeria ($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 France (+11.4%), 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 Spain

In 2021, approx. X tons of colouring matter of vegetable or animal origin were imported into Spain; growing by 14% compared with the previous year. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 24% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter imports rose notably to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 19%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest vegetable or animal colouring matter supplier to Spain, with a 44% share of total imports. Moreover, vegetable or animal colouring matter imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+43.3% per year) and the Netherlands (+20.2% per year).

In value terms, China ($X) constituted the largest supplier of colouring matter of vegetable or animal origin to Spain, comprising 42% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by India, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+43.9% per year) and India (+5.0% 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, waning by -3.2% against the previous year. In general, the import price showed a perceptible shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 41%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Belgium ($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 (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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