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

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

The Chilean market for colouring matter of vegetable or animal origin contracted rapidly to $X in 2023, falling 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). In general, consumption saw a abrupt downturn. As a result, consumption attained the peak level of $X. From 2016 to 2023, the growth of the market remained at a lower figure.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports from Chile

In 2023, the amount of colouring matter of vegetable or animal origin exported from Chile dropped dramatically to X tons, reducing by X% compared with 2022. In general, exports faced a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports surged to $X in 2023. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for vegetable or animal colouring matter exports from Chile, accounting for a X% share of total exports. Moreover, vegetable or animal colouring matter exports to Bolivia exceeded the volume sent to the second major destination, Argentina (X tons), twofold. Peru (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Bolivia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Peru (X% per year).

In value terms, the United States ($X), Bolivia ($X) and Argentina ($X) constituted the largest markets for vegetable or animal colouring matter exported from Chile worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Bolivia, with a CAGR of X%, saw 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

In 2023, the average export price for colouring matter of vegetable or animal origin amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2016; however, from 2017 to 2023, 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 the United States ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (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 Chile

In 2023, overseas purchases of colouring matter of vegetable or animal origin decreased by X% to X tons, falling for the fifth year in a row after two years of growth. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, vegetable or animal colouring matter imports contracted to $X in 2023. Overall, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Mexico (X tons), Peru (X tons) and the United States (X tons) were the main suppliers of vegetable or animal colouring matter imports to Chile, with a combined X% share of total imports. Denmark, Brazil, the UK, China and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) constituted the largest supplier of colouring matter of vegetable or animal origin to Chile, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Peru stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Denmark (X% per year).

Import Prices by Country

The average import price for colouring matter of vegetable or animal origin stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price, however, showed a noticeable decline. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform