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

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

The Portuguese market for colouring matter of vegetable or animal origin rose significantly to $X in 2022, picking up by X% 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). Overall, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Portugal

After two years of growth, shipments abroad of colouring matter of vegetable or animal origin decreased by X% to X tons in 2022. Overall, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports contracted dramatically to $X in 2022. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Cabo Verde (X tons), Angola (X tons) and Spain (X tons) were the main destinations of vegetable or animal colouring matter exports from Portugal, with a combined X% share of total exports. France, Morocco and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vegetable or animal colouring matter exported from Portugal were Angola ($X), Morocco ($X) and Spain ($X), together accounting for X% of total exports. Switzerland, France and Cabo Verde lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Switzerland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for colouring matter of vegetable or animal origin stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Cabo Verde ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%), 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 Portugal

In 2022, supplies from abroad of colouring matter of vegetable or animal origin decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, vegetable or animal colouring matter imports stood at $X in 2022. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of vegetable or animal colouring matter to Portugal, with a X% share of total imports. Moreover, vegetable or animal colouring matter imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

In value terms, Spain ($X) constituted the largest supplier of colouring matter of vegetable or animal origin to Portugal, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average import price for colouring matter of vegetable or animal origin amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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