Argentina: Vegetable Tanning Extracts Market 2025

Vegetable Tanning Extracts Market Size in Argentina

The Argentinian vegetable tanning extracts market plummeted to $X in 2022, which is down by -40.8% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank markedly in the following year.

Vegetable Tanning Extracts Production in Argentina

In value terms, vegetable tanning extracts production shrank to $X in 2022 estimated in export price. Overall, production showed a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 42%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Vegetable Tanning Extracts Exports

Exports from Argentina

In 2022, overseas shipments of tanning extracts of vegetable origin, tannins and their salts other derivatives increased by 33% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, faced a abrupt setback. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, vegetable tanning extracts exports skyrocketed to $X in 2022. In general, exports, however, faced a abrupt descent. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) was the main destination for vegetable tanning extracts exports from Argentina, with a 85% share of total exports. Moreover, vegetable tanning extracts exports to Mexico exceeded the volume sent to the second major destination, Peru (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+6.7% per year) and Brazil (-13.2% per year).

In value terms, Mexico ($X) remains the key foreign market for tanning extracts of vegetable origin, tannins and their salts other derivatives exports from Argentina, comprising 84% of total exports. The second position in the ranking was held by Peru ($X), with an 8.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+6.3% per year) and Brazil (-15.1% per year).

Export Prices by Country

The average vegetable tanning extracts export price stood at $X per ton in 2022, declining by -13.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 5.7% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Brazil ($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 Turkey (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Tanning Extracts Imports

Imports into Argentina

In 2022, after two years of growth, there was significant decline in supplies from abroad of tanning extracts of vegetable origin, tannins and their salts other derivatives, when their volume decreased by -9.1% to X tons. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 94%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, vegetable tanning extracts imports shrank dramatically to $X in 2022. Over the period under review, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 99%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Peru (X tons) and South Africa (X tons) were the main suppliers of vegetable tanning extracts imports to Argentina, together accounting for 74% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +56.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of tanning extracts of vegetable origin, tannins and their salts other derivatives to Argentina, comprising 41% of total imports. The second position in the ranking was held by Peru ($X), with a 15% share of total imports. It was followed by Brazil, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-15.3% per year) and Brazil (-8.2% per year).

Import Prices by Country

In 2022, the average vegetable tanning extracts import price amounted to $X per ton, waning by -6.8% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the average import price increased by 20% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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