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

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

The Swiss market for colouring matter of vegetable or animal origin rose markedly to $X in 2021, increasing by 13% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% 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 -3.7% against 2019 indices. Over the period under review, the market reached the maximum level 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 Switzerland

In value terms, vegetable or animal colouring matter production declined modestly to $X in 2021 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +3.5% against 2019 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Switzerland

In 2021, vegetable or animal colouring matter exports from Switzerland contracted to X tons, which is down by -1.9% on the year before. Overall, total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% 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 +35.8% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 49%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, vegetable or animal colouring matter exports reduced to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 97%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for vegetable or animal colouring matter exports from Switzerland, accounting for a 47% share of total exports. Moreover, vegetable or animal colouring matter exports to the United States exceeded the volume sent to the second major destination, France (X tons), fivefold. Ireland (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.9% per year) and Ireland (+7.2% per year).

In value terms, France ($X), the United States ($X) and Spain ($X) were the largest markets for vegetable or animal colouring matter exported from Switzerland worldwide, together accounting for 74% of total exports. These countries were followed by Ireland, Germany, China, Italy, New Zealand, Taiwan (Chinese), the Netherlands, Russia and the UK, which together accounted for a further 20%.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +80.5%, saw the highest growth rate of 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, waning by -9.6% against the previous year. Overall, the export price saw a pronounced setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the UK ($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 the Netherlands (+8.9%), 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 Switzerland

In 2021, the amount of colouring matter of vegetable or animal origin imported into Switzerland skyrocketed to X tons, jumping by 41% on the year before. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vegetable or animal colouring matter imports contracted modestly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 36% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of vegetable or animal colouring matter imports to Switzerland, together comprising 53% of total imports. These countries were followed by the United States, India, France, China, Romania, Italy, Denmark, Austria, the UK and Belgium, which together accounted for a further 46%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +39.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of colouring matter of vegetable or animal origin to Switzerland, comprising 68% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.4% share of total imports. It was followed by Spain, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.8% per year) and Spain (+18.6% 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, with a decrease of -31.6% against the previous year. Overall, the import price continues to indicate a perceptible setback. The growth pace was the most rapid in 2020 an increase of 70%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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