Eastern Europe: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in Eastern Europe

The East European synthetic organic tanning substances market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption saw a significant increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Synthetic Organic Tanning Substances in Eastern Europe

In value terms, synthetic organic tanning substances production soared to $X in 2021 estimated in export price. Overall, production saw a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 11,308% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Synthetic Organic Tanning Substances

Exports in Eastern Europe

Synthetic organic tanning substances exports reduced to X tons in 2021, with a decrease of -6.4% compared with the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 92%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, synthetic organic tanning substances exports expanded notably to $X in 2021. Total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -8.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 52% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Poland (X tons) was the key exporter of synthetic organic tanning substances, constituting 60% of total exports. It was distantly followed by Russia (X tons), constituting a 33% share of total exports. Romania (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +20.4%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Poland ($X) remains the largest synthetic organic tanning substances supplier in Eastern Europe, comprising 70% of total exports. The second position in the ranking was taken by Russia ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland amounted to +17.6%. In the other countries, the average annual rates were as follows: Russia (-7.4% per year) and Romania (-3.2% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, jumping by 20% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Synthetic Organic Tanning Substances

Imports in Eastern Europe

In 2021, after two years of decline, there was significant growth in overseas purchases of synthetic organic tanning substances, when their volume increased by 17% to X tons. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 20% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, synthetic organic tanning substances imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 20% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia was the largest importing country with an import of about X tons, which finished at 39% of total imports. Slovakia (X tons) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Poland (21%) and Ukraine (12%). The following importers - Belarus (X tons) and the Czech Republic (X tons) - together made up 5.8% of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +10.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic tanning substances importing markets in Eastern Europe were Russia ($X), Poland ($X) and Slovakia ($X), with a combined 80% share of total imports.

In terms of the main importing countries, Slovakia, with a CAGR of +7.3%, saw 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

In 2021, the import price in Eastern Europe amounted to $X per ton, remaining stable against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 10%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Ukraine ($X per ton) and Poland ($X per ton), while Belarus ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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