Brazil: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in Brazil

In 2021, the Brazilian synthetic organic tanning substances market increased by 38% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Synthetic Organic Tanning Substances

Exports from Brazil

In 2021, synthetic organic tanning substances exports from Brazil skyrocketed to X tons, increasing by 42% against 2020 figures. Over the period under review, total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, synthetic organic tanning substances exports surged to $X in 2021. The total export value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina (X tons), Vietnam (X tons) and China (X tons) were the main destinations of synthetic organic tanning substances exports from Brazil, together comprising 54% of total exports. Hong Kong SAR, Mexico, the United States, Paraguay, Bangladesh, Ecuador, Peru, Bolivia, Guatemala and South Africa lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +84.8%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Vietnam ($X) and Mexico ($X) were the largest markets for synthetic organic tanning substances exported from Brazil worldwide, with a combined 49% share of total exports. These countries were followed by the United States, Hong Kong SAR, China, Paraguay, Ecuador, Bolivia, Peru, South Africa, Bangladesh and Guatemala, which together accounted for a further 42%.

Among the main countries of destination, Guatemala, with a CAGR of +68.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average synthetic organic tanning substances export price stood at $X per ton in 2021, stabilizing at the previous year. In general, the export price, however, saw a slight downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 7.1%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Organic Tanning Substances

Imports into Brazil

In 2021, purchases abroad of synthetic organic tanning substances increased by 33% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic organic tanning substances imports surged to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of synthetic organic tanning substances imports to Brazil, with a combined 74% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +18.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Italy ($X) constituted the largest synthetic organic tanning substances suppliers to Brazil, together comprising 74% of total imports.

Spain, with a CAGR of +17.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic organic tanning substances import price stood at $X per ton in 2021, increasing by 8.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Argentina ($X per ton) and Spain ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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