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

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

The Ukrainian market for colouring matter of vegetable or animal origin declined to $X in 2021, falling by -2% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Vegetable or animal colouring matter consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Ukraine

In value terms, vegetable or animal colouring matter production reduced to $X in 2021 estimated in export price. The total output 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 in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 51%. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Ukraine

In 2021, vegetable or animal colouring matter exports from Ukraine expanded rapidly to X tons, surging by 6.1% compared with the year before. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 30% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, vegetable or animal colouring matter exports expanded remarkably to $X in 2021. Overall, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +51.0% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 32%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Israel (X tons) was the main destination for vegetable or animal colouring matter exports from Ukraine, with a 96% share of total exports. It was followed by Spain (X tons), with a 2.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Israel amounted to +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+0.9% per year) and Belarus (-18.6% per year).

In value terms, Israel ($X) remains the key foreign market for colouring matter of vegetable or animal origin exports from Ukraine, comprising 95% of total exports. The second position in the ranking was held by Spain ($X), with a 2.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Israel amounted to +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+3.6% per year) and Belarus (-25.9% 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 2.3% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2020 an increase of 33%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Belarus ($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 Spain (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports into Ukraine

In 2021, after three years of decline, there was significant growth in supplies from abroad of colouring matter of vegetable or animal origin, when their volume increased by 20% to X tons. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 56%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, vegetable or animal colouring matter imports soared to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of vegetable or animal colouring matter to Ukraine, with a 30% share of total imports. Moreover, vegetable or animal colouring matter imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.5% per year) and the UK (-1.8% per year).

In value terms, Germany ($X), the UK ($X) and Russia ($X) constituted the largest vegetable or animal colouring matter suppliers to Ukraine, with a combined 44% share of total imports. These countries were followed by France, China, Denmark, the Netherlands, Slovenia and Italy, which together accounted for a further 31%.

Slovenia, with a CAGR of +66.6%, 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, approximately reflecting the previous year. Overall, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. 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 +66.5% against 2015 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 39% against the previous year. The import price peaked 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 France ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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