United Kingdom: Market for Colouring Matter Of Vegetable Or Animal Origin 2024

Market Size for Colouring Matter Of Vegetable Or Animal Origin in the UK

The UK market for colouring matter of vegetable or animal origin declined remarkably to $X in 2021, falling by -19.1% against the previous year. Over the period under review, consumption saw a mild setback. Over the period under review, the market attained the peak level 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 the UK

In value terms, vegetable or animal colouring matter production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 3.2%. Vegetable or animal colouring matter production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from the UK

Vegetable or animal colouring matter exports from the UK rose notably to X tons in 2021, increasing by 13% on 2020. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vegetable or animal colouring matter exports skyrocketed to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 20% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Ireland (X tons) was the main destination for vegetable or animal colouring matter exports from the UK, with a 27% share of total exports. Moreover, vegetable or animal colouring matter exports to Ireland exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Russia (X tons), with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.5% per year) and Russia (+17.4% per year).

In value terms, the largest markets for vegetable or animal colouring matter exported from the UK were Ireland ($X), France ($X) and the United States ($X), with a combined 33% share of total exports. Germany, Russia, the Netherlands, Poland, Belgium, the United Arab Emirates, Australia, Ukraine, Italy and Spain lagged somewhat behind, together comprising a further 41%.

The United Arab Emirates, with a CAGR of +18.6%, 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, surging by 3.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 13% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Ireland ($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 (+8.0%), 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 the UK

In 2021, supplies from abroad of colouring matter of vegetable or animal origin decreased by -24.5% to X tons, falling for the third year in a row after two years of growth. In general, imports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2017 when imports increased by 30%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, vegetable or animal colouring matter imports contracted to $X in 2021. Overall, imports recorded a perceptible descent. The pace of growth was the most pronounced in 2018 when imports increased by 12% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Denmark (X tons) were the main suppliers of vegetable or animal colouring matter imports to the UK, together comprising 51% of total imports. These countries were followed by the Netherlands, Ireland, Spain, France, China, India and the United States, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +10.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Ireland ($X) and China ($X) appeared to be the largest vegetable or animal colouring matter suppliers to the UK, together accounting for 54% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +7.5%, saw the highest rates of growth with regard to 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

The average import price for colouring matter of vegetable or animal origin stood at $X per ton in 2021, jumping by 17% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 33% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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 Ireland ($X per ton), while the price for France ($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 (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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