U.S.: Market for Colouring Matter Of Vegetable Or Animal Origin 2024

Market Size for Colouring Matter Of Vegetable Or Animal Origin in the U.S.

In 2021, after two years of growth, there was significant decline in the U.S. market for colouring matter of vegetable or animal origin, when its value decreased by -8.5% to $X. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Vegetable or animal colouring matter consumption peaked at $X in 2020, and then fell in the following year.

Production of Colouring Matter Of Vegetable Or Animal Origin in the U.S.

In value terms, vegetable or animal colouring matter production contracted to $X in 2021. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 28%. Vegetable or animal colouring matter production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from the U.S.

In 2021, approx. X tons of colouring matter of vegetable or animal origin were exported from the United States; growing by 4.6% against 2020. Overall, exports, however, showed a slight decline. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, vegetable or animal colouring matter exports soared to $X in 2021. In general, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 +56.4% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Canada (X tons), Switzerland (X tons) and Spain (X tons) were the main destinations of vegetable or animal colouring matter exports from the United States, with a combined 61% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +58.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Switzerland ($X) and the Netherlands ($X) were the largest markets for vegetable or animal colouring matter exported from the United States worldwide, with a combined 52% share of total exports. Mexico, Spain, Australia, Denmark, Germany, Saudi Arabia and Vietnam lagged somewhat behind, together comprising a further 21%.

Spain, with a CAGR of +59.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for colouring matter of vegetable or animal origin amounted to $X per ton, with an increase of 17% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +8.2% 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 export price increased by +75.6% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 26%. The export price peaked in 2021 and is likely to see steady growth in the near future.

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 the Netherlands ($X per ton), while the average price for exports to Saudi Arabia ($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 Vietnam (+28.9%), 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 the U.S.

Vegetable or animal colouring matter imports into the United States contracted modestly to X tons in 2021, reducing by -4.9% on the year before. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 29%. As a result, imports attained the peak of X tons, and then fell slightly in the following year.

In value terms, vegetable or animal colouring matter imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 14% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest vegetable or animal colouring matter supplier to the United States, accounting for a 36% share of total imports. Moreover, vegetable or animal colouring matter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.4% per year) and Italy (+12.4% per year).

In value terms, the Netherlands ($X), India ($X) and China ($X) were the largest vegetable or animal colouring matter suppliers to the United States, together accounting for 56% of total imports. These countries were followed by Italy, Peru, Spain, Denmark, the UK, Turkey, Canada, Mexico and Brazil, which together accounted for a further 23%.

In terms of the main suppliers, Turkey, with a CAGR of +37.7%, saw the highest growth rate of the value of imports, 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, surging by 17% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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