India - Tanning Extracts Of Vegetable Origin, Tannins And Their Salts Other Derivatives - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSignificant Drop in India's October 2023 Import of Vegetable Tanning Extracts Records $6.5M
India Vegetable Tanning Extracts Imports
In October 2023, purchases abroad of tanning extracts of vegetable origin, tannins and their salts other derivatives decreased by -11.2% to 2.6K tons, falling for the second month in a row after three months of growth. In general, imports showed a pronounced shrinkage. The growth pace was the most rapid in January 2023 with an increase of 38% m-o-m.
In value terms, vegetable tanning extracts imports shrank to $6.5M (IndexBox estimates) in October 2023. Over the period under review, imports recorded a mild downturn. The most prominent rate of growth was recorded in January 2023 when imports increased by 41% month-to-month.
| COUNTRY | Import Value of Vegetable Tanning Extracts in India (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| Indonesia | 4.7 | 5.1 | 2.7 | 3.6 | 3.8 | 4.5 | 4.5 | 3.4 | 3.8 | 4.8 | 5.8 | 4.1 | 4.3 |
| United Kingdom | 0.6 | 0.4 | 0.2 | 0.1 | < 0.1 | 0.1 | 0.2 | 0.1 | 0.4 | 0.2 | 0.5 | 0.4 | 0.5 |
| South Africa | 0.4 | 0.3 | 0.2 | 0.7 | 0.5 | 0.9 | 0.8 | 1.0 | 0.9 | 0.5 | 0.5 | 0.5 | 0.3 |
| Tanzania | 0.5 | 0.2 | 0.1 | 0.1 | N/A | 0.2 | 0.3 | < 0.1 | 0.4 | 0.4 | 0.2 | 0.4 | 0.3 |
| France | 0.3 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | 0.2 | < 0.1 | 0.2 | < 0.1 | 0.2 | < 0.1 | 0.1 | < 0.1 |
| Others | 1.2 | 1.2 | 0.5 | 0.7 | 0.7 | 0.3 | 0.5 | 0.8 | 1.4 | 1.4 | 1.5 | 1.4 | 1.0 |
| Total | 7.8 | 7.3 | 3.8 | 5.3 | 5.1 | 6.2 | 6.4 | 5.6 | 6.8 | 7.4 | 8.6 | 6.9 | 6.5 |
Imports by Country
In October 2023, Indonesia (1.5K tons) constituted the largest vegetable tanning extracts supplier to India, accounting for a 58% share of total imports. Moreover, vegetable tanning extracts imports from Indonesia exceeded the figures recorded by the second-largest supplier, the UK (269 tons), sixfold. The third position in this ranking was held by South Africa (161 tons), with a 6.3% share.
From October 2022 to October 2023, the average monthly growth rate of volume from Indonesia stood at -1.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: the UK (-2.0% per month) and South Africa (-1.8% per month).
In value terms, Indonesia ($4.3M) constituted the largest supplier of vegetable tanning extracts to India, comprising 66% of total imports. The second position in the ranking was taken by the UK ($489K), with a 7.5% share of total imports. It was followed by South Africa, with a 5% share.
From October 2022 to October 2023, the average monthly growth rate of value from Indonesia was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the UK (-2.0% per month) and South Africa (-1.0% per month).
Import Prices by Country
In October 2023, the vegetable tanning extracts price amounted to $2,529 per ton (CIF, India), with an increase of 5.9% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 14% month-to-month. As a result, import price attained the peak level of $2,592 per ton. From December 2022 to October 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Indonesia ($2,887 per ton), while the price for the UK ($1,820 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Tanzania (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the vegetable tanning extracts market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20122250 - Tanning extracts of vegetable origin, tannins and their salts, e thers, esters and other derivatives
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
