European Trade in Natural Colouring Matters Peaks Near $720M
IndexBox has just published a new report: ‘EU – Colouring Matter Of Vegetable Or Animal Origin – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.
Over the past decade, European exports of natural colouring matters expanded from $494M in 2010 to $720M in 2020. Spain, the Netherlands, Italy, Denmark, Germany and France represent major European exporters of natural colouring matters, accounting for 89% of the total export volume in the EU. The Netherlands, Italy, France, Germany, Spain and Denmark comprise the largest natural colouring matter importers in the EU.
Natural Colouring Matter Exports in the EU
In 2020, approx. 47K tonnes of colouring matters of vegetable or animal origin were exported in the EU, waning by -2.7% in 2019. The total export volume increased at an average annual rate of +3.1% from 2010 to 2020.
In value terms, colouring matter exports spiked from $651M in 2019 to $720M (IndexBox estimates) in 2020. The total export value increased at an average annual rate of +3.8% from 2010 to 2020.
The most significant shipments were recorded from Spain (12K tonnes), the Netherlands (8.8K tonnes), Italy (7.1K tonnes), Denmark (5.4K tonnes), Germany (4.5K tonnes) and France (3.7K tonnes), together reaching 89% of total export. Ireland (1.3K tonnes) and Austria (1.1K tonnes) followed a long way behind the leaders.
In value terms, the largest colouring matter supplying countries in the EU were the Netherlands ($143M), Spain ($116M) and Denmark ($113M), together comprising 52% of total exports. These countries were followed by Germany, Italy, France, Ireland and Austria, which together accounted for a further 43%.
Over the past decade, Austria (+23% per year) recorded the highest growth rate of the value of exports, while the other leaders experienced more modest paces of growth.
In 2020, the export price for colouring matters of vegetable or animal origin in the EU amounted to $15,228 per tonne, surging by 14% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Ireland, while Spain was amongst the lowest. From 2010 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the other leaders experienced more modest paces of growth.
European Largest Importers of Natural Colouring Matters
In 2020, the Netherlands (13K tonnes), distantly followed by Italy (8.3K tonnes), France (5.3K tonnes), Germany (5K tonnes), Spain (4.8K tonnes) and Denmark (3K tonnes) represented the leading importers of colouring matter of vegetable or animal origin, together achieving 79% of total imports. The following importers – Belgium (2.1K tonnes), Ireland (1.4K tonnes), Austria (1.3K tonnes) and Poland (1.3K tonnes) – together made up 12% of total imports.
In value terms, Germany ($108M), Spain ($97M) and France ($77M) constituted the countries with the highest levels of imports in 2020, with a combined 46% share of total imports. Italy, the Netherlands, Denmark, Belgium, Ireland, Poland and Austria lagged somewhat behind, together comprising a further 45%.
Source: IndexBox Platform