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Thailand - Synthetic Organic Tanning Substances - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Thailand - Synthetic Organic Tanning Substances - Market Analysis, Forecast, Size, Trends And Insights

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Jan 3, 2024

Tanning Substance Imports Plummet to $563K in Thailand in September 2023

Thailand Synthetic Organic Tanning Substances Imports

In September 2023, after two months of growth, there was significant decline in purchases abroad of synthetic organic tanning substances, when their volume decreased by -20% to 307 tons. Overall, imports recorded a mild decline. The most prominent rate of growth was recorded in March 2023 with an increase of 47% against the previous month.

In value terms, synthetic organic tanning substances imports contracted sharply to $563K (IndexBox estimates) in September 2023. In general, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in November 2022 with an increase of 55% m-o-m. As a result, imports attained the peak of $1.2M. From December 2022 to September 2023, the growth of imports remained at a lower figure.Thailand Synthetic Organic Tanning Substances Imports By Country (USD)

COUNTRYImport Value of Synthetic Organic Tanning Substances in Thailand (USD)
Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023
India285,352330,181191,083115,736150,18380,080203,88618,259165,758249,778141,416159,983214,820
Germany35,28288,050152,46396,40681,10290,24853,343129,69131,86064,815110,181127,022123,365
China341,208160,915598,528165,327106,08849,641159,805389,978220,847124,928283,344247,97090,171
France32,81431,85742,770157,85971,66012,99838,90932,3698,75946,16812,30357,45630,531
Italy30,37332,09389,63015,367143,6801,83420,52356,695145,96215,62718,50824,58026,788
Taiwan (Chinese)15,64020,0087,43724,24623,94621,6299,060N/A41,73212,18710,85216,97121,280
Netherlands5,34318,01735,46816,27739,44734,2082,71248,2914,35611,6101,355N/A11,093
Others30,28886,20268,59136,47618,86590,05962,02828,24362,33373,26938,474102,43945,374
Total776,300767,3231,185,970627,694634,971380,697550,266703,526681,607598,382616,433736,421563,422

Imports by Country

In September 2023, India (129 tons) constituted the largest supplier of synthetic organic tanning substances to Thailand, accounting for a 42% share of total imports. Moreover, synthetic organic tanning substances imports from India exceeded the figures recorded by the second-largest supplier, Germany (54 tons), twofold. The third position in this ranking was taken by China (47 tons), with a 15% share.

From September 2022 to September 2023, the average monthly growth rate of volume from India stood at -2.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+10.9% per month) and China (-7.2% per month).

In value terms, the largest synthetic organic tanning substances suppliers to Thailand were India ($215K), Germany ($123K) and China ($90K), together comprising 76% of total imports.

Among the main suppliers, Germany, with a CAGR of +11.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In September 2023, the synthetic organic tanning substances price stood at $1,834 per ton (CIF, Thailand), waning by -4.4% against the previous month. Overall, the import price showed a slight descent. The most prominent rate of growth was recorded in November 2022 an increase of 38% month-to-month. The import price peaked at $2,228 per ton in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($2,267 per ton), while the price for Taiwan (Chinese) ($818 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for synthetic organic tanning substances in Thailand. 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 20122330 - Synthetic organic tanning substances

Country coverage:

  • Thailand

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Thailand
  • 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 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    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 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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