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

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

The Turkish market for colouring matter of vegetable or animal origin stood at $X in 2021, picking up by 5% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.7% against 2019 indices. Vegetable or animal colouring matter consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Turkey

In value terms, vegetable or animal colouring matter production totaled $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.9% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 21%. Vegetable or animal colouring matter production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Turkey

Vegetable or animal colouring matter exports from Turkey surged to X tons in 2021, jumping by 96% against the previous year's figure. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 220%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, vegetable or animal colouring matter exports surged to $X in 2021. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 194% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Egypt (X tons) was the main destination for vegetable or animal colouring matter exports from Turkey, accounting for a 59% share of total exports. Moreover, vegetable or animal colouring matter exports to Egypt exceeded the volume sent to the second major destination, Germany (X tons), ninefold. The third position in this ranking was held by the United States (X tons), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt totaled +139.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+33.2% per year) and the United States (+61.3% per year).

In value terms, the United States ($X), Germany ($X) and Egypt ($X) constituted the largest markets for vegetable or animal colouring matter exported from Turkey worldwide, with a combined 59% share of total exports.

Among the main countries of destination, Egypt, with a CAGR of +130.2%, 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, declining by -31.7% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 796%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to South Africa ($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 China (+9.0%), 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 Turkey

Vegetable or animal colouring matter imports into Turkey expanded remarkably to X tons in 2021, picking up by 14% against 2020 figures. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +9.7% 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 increased by +130.0% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of 32% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, vegetable or animal colouring matter imports soared to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +39.3% against 2014 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 27%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of vegetable or animal colouring matter imports to Turkey, with a combined 57% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +61.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Italy ($X) constituted the largest vegetable or animal colouring matter suppliers to Turkey, with a combined 44% share of total imports. These countries were followed by the Netherlands, Denmark, Spain, the UK, France and Poland, which together accounted for a further 25%.

Poland, with a CAGR of +53.2%, 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, with an increase of 4.6% against the previous year. In general, the import price, however, showed a slight decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 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 UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :