
ECOWAS - Synthetic Organic Tanning Substances - Market Analysis, Forecast, Size, Trends and Insights
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View PricingECOWAS: Market for Synthetic Organic Tanning Substances 2025
Market Size for Synthetic Organic Tanning Substances in ECOWAS
The ECOWAS synthetic organic tanning substances market fell markedly to $X in 2021, with a decrease of -52.6% against the previous year. In general, consumption continues to indicate a abrupt slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.
Production of Synthetic Organic Tanning Substances in ECOWAS
In value terms, synthetic organic tanning substances production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 11%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.
Exports of Synthetic Organic Tanning Substances
Exports in ECOWAS
In 2021, overseas shipments of synthetic organic tanning substances increased by 361% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, faced a sharp reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 12,928%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.
In value terms, synthetic organic tanning substances exports declined notably to $X in 2021. Overall, exports, however, recorded a abrupt setback. The growth pace was the most rapid in 2018 when exports increased by 1,257%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.
Exports by Country
Cote d'Ivoire represented the key exporting country with an export of around X tons, which accounted for 89% of total exports. It was distantly followed by Nigeria (X kg), achieving an 11% share of total exports.
Cote d'Ivoire was also the fastest-growing in terms of the synthetic organic tanning substances exports, with a CAGR of +7.9% from 2012 to 2021. Nigeria (-10.2%) illustrated a downward trend over the same period. Cote d'Ivoire (+85 p.p.) and Nigeria (+8.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Cote d'Ivoire ($X) emerged as the largest synthetic organic tanning substances supplier in ECOWAS, comprising 92% of total exports. The second position in the ranking was taken by Nigeria ($X), with an 8.2% share of total exports.
In Cote d'Ivoire, synthetic organic tanning substances exports increased at an average annual rate of +6.5% over the period from 2012-2021.
Export Prices by Country
The export price in ECOWAS stood at $X per ton in 2021, which is down by -90.5% against the previous year. Overall, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2020 when the export price increased by 1,466%. As a result, the export price reached the peak level of $X per ton, and then reduced markedly in the following year.
Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria totaled $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-1.3%).
Imports of Synthetic Organic Tanning Substances
Imports in ECOWAS
In 2021, purchases abroad of synthetic organic tanning substances decreased by -34% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 79% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.
In value terms, synthetic organic tanning substances imports reduced remarkably to $X in 2021. Over the period under review, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 59% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.
Imports by Country
Nigeria dominates imports structure, finishing at X tons, which was approx. 97% of total imports in 2021. Senegal (X tons) took a little share of total imports.
Imports into Nigeria decreased at an average annual rate of -10.9% from 2012 to 2021. At the same time, Senegal (+6.3%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +6.3% from 2012-2021. From 2012 to 2021, the share of Nigeria decreased by -1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Nigeria ($X) constitutes the largest market for imported synthetic organic tanning substances in ECOWAS, comprising 96% of total imports. The second position in the ranking was taken by Senegal ($X), with a 2.4% share of total imports.
From 2012 to 2021, the average annual growth rate of value in Nigeria amounted to -13.9%.
Import Prices by Country
The import price in ECOWAS stood at $X per ton in 2021, declining by -41.9% against the previous year. Overall, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2018 an increase of 44%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.
Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Senegal ($X per ton), while Nigeria stood at $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+1.0%).
Source: IndexBox Platform
This report provides an in-depth analysis of the market for synthetic organic tanning substances in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20122330 - Synthetic organic tanning substances
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in ECOWAS, split by region and country
- Trade (exports and imports) in ECOWAS
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
-
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption, by Country, 2022–2024
- Production, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Consumption, by Country, 2024
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Products: Market Size and Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports and Growth, By Type
- Products: Export Prices and Growth, By Type
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, by Country, 2024
- Production, In Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
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