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South Africa - Tanning Extracts Of Vegetable Origin, Tannins And Their Salts Other Derivatives - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Jan 1, 2025

South Africa - Tanning Extracts Of Vegetable Origin, Tannins And Their Salts Other Derivatives - Market Analysis, Forecast, Size, Trends And Insights

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Jul 10, 2023

South Africa's Vegetable Tanning Extracts Price Peaks at $1,894 per Ton

South Africa Vegetable Tanning Extracts Export Price in April 2023

In April 2023, the vegetable tanning extracts price amounted to $1,894 per ton (FOB, South Africa), growing by 11% against the previous month. Over the period from April 2022 to April 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 13% m-o-m. Over the period under review, the average export prices attained the maximum in April 2023.

There were significant differences in the average prices for the major overseas markets. In April 2023, the country with the highest price was Argentina ($5,662 per ton), while the average price for exports to Germany ($1,332 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Vegetable Tanning Extracts in South Africa (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Argentina1,263N/A2,269N/A1,232N/A1,275N/A1,3895,744N/A3,9515,662
Turkey9871,0901,1131,1721,1541,4081,2151,3511,1471,3801,2011,4022,042
Brazil1,7571,1371,7001,5611,4531,7581,7161,8311,8881,9761,9291,8831,906
CubaN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1,9101,8671,903
Bangladesh1,5511,5871,6061,5941,4491,8321,7101,5001,7442,3501,6361,6591,679
India1,5161,5301,5111,5191,5881,5221,5581,5301,6781,6851,7081,6781,671
Italy1,4981,4501,4721,3811,5361,7011,4031,6471,7381,9761,8741,7521,654
VietnamN/A1,5701,5981,6291,5211,4911,6241,7781,8091,7391,6991,6041,641
Pakistan1,5901,5251,5731,4571,4681,6181,6051,5741,6081,6411,5611,6641,640
South Korea1,2301,3321,6521,4781,5341,4161,6371,5921,3911,7651,6101,6431,620
United States1,2031,1731,2451,2831,2061,1561,3151,632N/A1,6721,6301,6171,613
China1,4882,1117221,3591,5151,5061,5581,5691,821N/A1,7421,6141,602
GermanyN/A9329588921,0099609511,2761,1831,0171,2551,2911,332
Average1,4861,3771,3511,3681,4901,5271,4211,5521,5151,7091,6361,7001,894

South Africa Vegetable Tanning Extracts Exports

In April 2023, the amount of tanning extracts of vegetable origin, tannins and their salts other derivatives exported from South Africa fell to 3.3K tons, waning by -5.2% compared with March 2023. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when exports increased by 104% month-to-month. As a result, the exports attained the peak of 4.7K tons. From December 2022 to April 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, vegetable tanning extracts exports rose sharply to $6.3M (IndexBox estimates) in April 2023. Over the period under review, total exports indicated a slight expansion from April 2022 to April 2023: its value increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, exports decreased by -14.8% against November 2022 indices. The pace of growth was the most pronounced in November 2022 with an increase of 123% against the previous month. As a result, the exports attained the peak of $7.4M. From December 2022 to April 2023, the growth of the exports failed to regain momentum.

South Africa Vegetable Tanning Extracts Exports by Country

India (539 tons), China (463 tons) and Bangladesh (362 tons) were the main destinations of vegetable tanning extracts exports from South Africa, with a combined 41% share of total exports. These countries were followed by Turkey, the United States, Brazil, Germany, Cuba, Italy, Vietnam, Argentina, South Korea and Pakistan, which together accounted for a further 44%.

From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +17.6%), while the other leaders experienced more modest paces of growth.

In value terms, India ($900K), China ($742K) and Bangladesh ($607K) were the largest markets for vegetable tanning extracts exported from South Africa worldwide, together comprising 36% of total exports. Turkey, Argentina, Brazil, Cuba, the United States, Italy, Germany, Vietnam, South Korea and Pakistan lagged somewhat behind, together comprising a further 46%.

Argentina, with a CAGR of +24.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vegetable tanning extracts market in South Africa. 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:

  • South Africa

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in South Africa
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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