CIS: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in CIS

In 2021, after two years of decline, there was significant growth in the CIS synthetic organic tanning substances market, when its value increased by 32% to $X. In general, consumption continues to indicate significant growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Synthetic Organic Tanning Substances in CIS

In value terms, synthetic organic tanning substances production soared to $X in 2021 estimated in export price. Over the period under review, production saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of 5,412% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Synthetic Organic Tanning Substances

Exports in CIS

In 2021, the amount of synthetic organic tanning substances exported in the CIS declined notably to X tons, which is down by -18.3% on the previous year. Overall, exports continue to indicate a deep slump. The smallest decline of -4% was in 2013. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, synthetic organic tanning substances exports reduced modestly to $X in 2021. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 5.7% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Russia was the largest exporting country with an export of around X tons, which finished at 71% of total exports. It was distantly followed by Kazakhstan (X tons), committing a 27% share of total exports. Uzbekistan (X tons) followed a long way behind the leaders.

Exports from Russia decreased at an average annual rate of -7.3% from 2012 to 2021. Uzbekistan experienced a relatively flat trend pattern. Kazakhstan (-22.1%) illustrated a downward trend over the same period. Russia (+36 p.p.) and Uzbekistan (+2 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -37.5% from 2012 to 2021, respectively.

In value terms, the largest synthetic organic tanning substances supplying countries in the CIS were Russia ($X), Kazakhstan ($X) and Uzbekistan ($X).

Among the main exporting countries, Uzbekistan, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, picking up by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Uzbekistan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+7.1%).

Imports of Synthetic Organic Tanning Substances

Imports in CIS

After two years of decline, overseas purchases of synthetic organic tanning substances increased by 55% to X tons in 2021. Over the period under review, imports continue to indicate a remarkable increase. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, synthetic organic tanning substances imports surged to $X in 2021. Overall, imports recorded a prominent expansion. The level of import peaked at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

Russia (X tons) and Uzbekistan (X tons) dominates imports structure, together creating 90% of total imports. It was distantly followed by Belarus (X tons), committing a 4.9% share of total imports. The following importers - Azerbaijan (X tons) and Kazakhstan (X tons) - together made up 4.7% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uzbekistan (with a CAGR of +20.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Uzbekistan ($X) and Belarus ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 96% share of total imports.

In terms of the main importing countries, Uzbekistan, with a CAGR of +15.4%, recorded the highest rates of growth with regard to 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 import price in the CIS stood at $X per ton in 2021, waning by -1.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by 20% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kazakhstan ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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