Belarus: Vegetable Tanning Extracts Market 2024

Vegetable Tanning Extracts Market Size in Belarus

The Belarusian vegetable tanning extracts market declined modestly to $X in 2022, flattening at 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). Overall, consumption, however, showed a noticeable descent. Vegetable tanning extracts consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Vegetable Tanning Extracts Exports

Exports from Belarus

In 2022, vegetable tanning extracts exports from Belarus dropped remarkably to X tons, declining by -25.1% against 2021 figures. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 399% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, vegetable tanning extracts exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 327%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for vegetable tanning extracts exports from Belarus, accounting for a 96% share of total exports. Moreover, vegetable tanning extracts exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +17.1%.

In value terms, the largest markets for vegetable tanning extracts exported from Belarus were Russia ($X) and Ukraine ($X).

Among the main countries of destination, Russia, with a CAGR of +24.9%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average vegetable tanning extracts export price amounted to $X per ton, jumping by 57% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+30.3%).

Vegetable Tanning Extracts Imports

Imports into Belarus

In 2022, overseas purchases of tanning extracts of vegetable origin, tannins and their salts other derivatives increased by 12% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports enjoyed a mild expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 102% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, vegetable tanning extracts imports contracted dramatically to $X in 2022. In general, imports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of 71% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of vegetable tanning extracts to Belarus, accounting for a 35% share of total imports. Moreover, vegetable tanning extracts imports from Russia exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-7.0% per year) and Poland (+120.2% per year).

In value terms, Russia ($X) constituted the largest supplier of tanning extracts of vegetable origin, tannins and their salts other derivatives to Belarus, comprising 45% of total imports. The second position in the ranking was taken by Poland ($X), with a 7.4% share of total imports. It was followed by India, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from Russia stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+77.3% per year) and India (-19.5% per year).

Import Prices by Country

In 2022, the average vegetable tanning extracts import price amounted to $X per ton, falling by -27.2% against the previous year. In general, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 28% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Russia ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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