Chile: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in Chile

In 2021, the Chilean synthetic organic tanning substances market increased by 102% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a mild downturn. Synthetic organic tanning substances consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Synthetic Organic Tanning Substances

Exports from Chile

For the fourth consecutive year, Chile recorded decline in shipments abroad of synthetic organic tanning substances, which decreased by -14.3% to X tons in 2021. In general, exports recorded a precipitous shrinkage. The growth pace was the most rapid in 2017 with an increase of 194%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, synthetic organic tanning substances exports amounted to $X in 2021. Overall, exports recorded a precipitous setback. The pace of growth appeared the most rapid in 2017 when exports increased by 362%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for synthetic organic tanning substances exports from Chile, accounting for a 88% share of total exports. Moreover, synthetic organic tanning substances exports to Argentina exceeded the volume sent to the second major destination, Bolivia (X kg), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Argentina amounted to -26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-33.7% per year) and Ecuador (-50.0% per year).

In value terms, the largest markets for synthetic organic tanning substances exported from Chile were Argentina ($X), Bolivia ($X) and Ecuador ($X), with a combined 99.9% share of total exports.

Among the main countries of destination, Argentina, with a CAGR of -23.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average synthetic organic tanning substances export price stood at $X per ton in 2021, increasing by 19% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 57% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Ecuador ($X per ton), while the average price for exports to Argentina ($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 Ecuador (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Organic Tanning Substances

Imports into Chile

In 2021, overseas purchases of synthetic organic tanning substances increased by 123% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, continue to indicate a noticeable setback. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, synthetic organic tanning substances imports surged to $X in 2021. Overall, imports, however, saw a noticeable setback. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Argentina (X tons) and the Netherlands (X tons) were the main suppliers of synthetic organic tanning substances imports to Chile, together accounting for 74% of total imports. These countries were followed by China, Italy, Brazil, Turkey, India and Germany, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +23.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Argentina ($X) and the Netherlands ($X) constituted the largest synthetic organic tanning substances suppliers to Chile, with a combined 72% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +25.0%, saw 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

The average synthetic organic tanning substances import price stood at $X per ton in 2021, with a decrease of -11% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 18%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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