IndexBox has just published a new report: ‘Germany – Colouring Matter Of Vegetable Or Animal Origin – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The revenue of the market for colouring matter of vegetable or animal origin in Germany amounted to $91M in 2018, going up by 13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.8% from 2008 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The growth pace was the most rapid in 2012 with an increase of 19% year-to-year. Over the period under review, the market for vegetable or animal colouring matter reached its peak figure level in 2018 and is likely to see steady growth in the near future.

Production in Germany

In 2018, the production of colouring matter of vegetable or animal origin in Germany stood at 9.7K tonnes, increasing by 37% against the previous year. Over the period under review, production of colouring matter of vegetable or animal origin continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2012 when production volume increased by 48% year-to-year. Production of colouring matter of vegetable or animal origin peaked in 2018 and is expected to retain its growth in the immediate term.

In value terms, production of colouring matter of vegetable or animal origin amounted to $65M in 2018 estimated in export prices. In general, production of colouring matter of vegetable or animal origin continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when production volume increased by 12% year-to-year. In that year, production of colouring matter of vegetable or animal origin reached its peak level of $74M. From 2015 to 2018, production of colouring matter of vegetable or animal origin growth remained at a somewhat lower figure.

Exports from Germany

In 2018, approx. 4.3K tonnes of colouring matter of vegetable or animal origin were exported from Germany; picking up by 2.3% against the previous year. The total export volume increased at an average annual rate of +3.2% over the period from 2008 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2010 when exports increased by 18% against the previous year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, exports of colouring matter of vegetable or animal origin totaled $91M (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +3.1% from 2008 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2010 when exports increased by 43% year-to-year. Exports peaked at $109M in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Ukraine (414 tonnes), the Netherlands (371 tonnes) and France (318 tonnes) were the main destinations of exports of colouring matter of vegetable or animal origin from Germany, with a combined 26% share of total exports.

From 2008 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Ukraine, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vegetable or animal colouring matter exported from Germany were the Netherlands ($8.6M), the UK ($8.4M) and France ($6.4M), with a combined 26% share of total exports. Hungary, Italy, Spain, Poland, Belgium, Israel, Turkey, Ukraine and Austria lagged somewhat behind, together comprising a further 39%.

Hungary experienced the highest growth rate of exports, among the main countries of destination over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average export price for colouring matter of vegetable or animal origin amounted to $21,162 per tonne, growing by 7.1% against the previous year. Over the period under review, the export price for colouring matter of vegetable or animal origin, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of 30% y-o-y. In that year, the average export prices for colouring matter of vegetable or animal origin attained their peak level of $30,856 per tonne. From 2012 to 2018, the growth in terms of the average export prices for colouring matter of vegetable or animal origin failed to regain its momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Hungary ($32,531 per tonne), while the average price for exports to Ukraine ($7,105 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Hungary, while the prices for the other major destinations experienced more modest paces of growth.

Imports into Germany

Imports of colouring matter of vegetable or animal origin into Germany totaled 5.5K tonnes in 2018, jumping by 7% against the previous year. The total import volume increased at an average annual rate of +4.0% from 2008 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 when imports increased by 17% against the previous year. Imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, imports of colouring matter of vegetable or animal origin stood at $107M (IndexBox estimates) in 2018. In general, the total imports indicated resilient growth from 2008 to 2018: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, imports of colouring matter of vegetable or animal origin increased by +18.5% against 2015 indices. The most prominent rate of growth was recorded in 2010 when imports increased by 25% year-to-year. Imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

The Netherlands (1.3K tonnes), China (678 tonnes) and Italy (548 tonnes) were the main suppliers of imports of colouring matter of vegetable or animal origin to Germany, together comprising 46% of total imports. These countries were followed by the U.S., India, Peru, Ecuador, Denmark, Spain, Belgium, the UK and France, which together accounted for a further 44%.

From 2008 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Ecuador, while the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable or animal colouring matter suppliers to Germany were China ($20M), the Netherlands ($19M) and Peru ($8.5M), together accounting for 44% of total imports.

In terms of the main suppliers, China experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average import price for colouring matter of vegetable or animal origin amounted to $19,424 per tonne, reducing by -5.2% against the previous year. Over the period from 2008 to 2018, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2011 when the average import price increased by 35% year-to-year. Over the period under review, the average import prices for colouring matter of vegetable or animal origin reached their peak figure at $25,499 per tonne in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($30,870 per tonne), while the price for Ecuador ($4,082 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of prices was attained by Peru, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform