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

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

The Sudanese market for colouring matter of vegetable or animal origin dropped to $X in 2021, declining by -8.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted buoyant growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Sudan

In 2021, overseas shipments of colouring matter of vegetable or animal origin decreased by -37.6% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 1,015%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter exports shrank sharply to $X in 2021. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 507% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for vegetable or animal colouring matter exports from Sudan, accounting for a 80% share of total exports. Moreover, vegetable or animal colouring matter exports to the UK exceeded the volume sent to the second major destination, Australia (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to -33.2%.

In value terms, the UK ($X) and Australia ($X) were the largest markets for vegetable or animal colouring matter exported from Sudan worldwide.

Among the main countries of destination, Australia, with a CAGR of +8.2%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average export price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, dropping by -22.3% against the previous year. Over the period under review, the export price saw a noticeable descent. The growth pace was the most rapid in 2013 an increase of 50%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.5%).

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into Sudan

Vegetable or animal colouring matter imports into Sudan declined significantly to X tons in 2021, waning by -24.3% compared with 2020. Overall, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2014 with an increase of 310%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, vegetable or animal colouring matter imports reached $X in 2021. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 397% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of vegetable or animal colouring matter imports to Sudan, together accounting for 62% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +31.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of colouring matter of vegetable or animal origin to Sudan, comprising 37% of total imports. The second position in the ranking was held by the UK ($X), with a 9.5% share of total imports. It was followed by China, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+13.5% per year) and China (+41.2% per year).

Import Prices by Country

The average import price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, picking up by 36% against the previous year. Overall, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vegetable or animal colouring matter import price increased by +123.9% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 73%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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