China: Vegetable Tanning Extracts Market 2025

Vegetable Tanning Extracts Market Size in China

In 2022, the Chinese vegetable tanning extracts market decreased by -5.1% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Vegetable Tanning Extracts Production in China

In value terms, vegetable tanning extracts production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a mild expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 37%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Vegetable Tanning Extracts Exports

Exports from China

In 2022, shipments abroad of tanning extracts of vegetable origin, tannins and their salts other derivatives increased by 2.1% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 302%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, vegetable tanning extracts exports declined sharply to $X in 2022. In general, exports, however, recorded a noticeable contraction. The growth pace was the most rapid in 2021 when exports increased by 99%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for vegetable tanning extracts exports from China, with a 40% share of total exports. Moreover, vegetable tanning extracts exports to Vietnam exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. The third position in this ranking was held by Bangladesh (X tons), with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam amounted to +18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-2.5% per year) and Bangladesh (+178.8% per year).

In value terms, Japan ($X), Vietnam ($X) and Indonesia ($X) constituted the largest markets for vegetable tanning extracts exported from China worldwide, with a combined 48% share of total exports. South Korea, Bangladesh, India and Thailand lagged somewhat behind, together accounting for a further 19%.

In terms of the main countries of destination, Bangladesh, with a CAGR of +169.2%, recorded 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

In 2022, the average vegetable tanning extracts export price amounted to $X per ton, declining by -21.6% against the previous year. In general, the export price, however, recorded temperate growth. The pace of growth appeared the most rapid in 2015 an increase of 96% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Vietnam ($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 Cuba (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Tanning Extracts Imports

Imports into China

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 -23.9% to X tons. Over the period under review, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of 58% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank markedly in the following year.

In value terms, vegetable tanning extracts imports dropped significantly to $X in 2022. In general, imports recorded a mild setback. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

South Africa (X tons), Argentina (X tons) and Brazil (X tons) were the main suppliers of vegetable tanning extracts imports to China, together comprising 76% of total imports. India, Italy and France lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +5.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable tanning extracts suppliers to China were South Africa ($X), Argentina ($X) and Brazil ($X), with a combined 75% share of total imports. Italy, India and France lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Italy, with a CAGR of +6.2%, 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 2022, the average vegetable tanning extracts import price amounted to $X per ton, stabilizing at the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 61%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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