EU: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in the EU

In 2021, after two years of growth, there was significant decline in the EU synthetic organic tanning substances market, when its value decreased by -25.6% to $X. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020, and then declined notably in the following year.

Production of Synthetic Organic Tanning Substances in the EU

In value terms, synthetic organic tanning substances production rose to $X in 2021 estimated in export price. In general, production, however, saw a pronounced contraction. The growth pace was the most rapid in 2017 when the production volume increased by 9% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Synthetic Organic Tanning Substances

Exports in the EU

In 2021, shipments abroad of synthetic organic tanning substances increased by 20% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, synthetic organic tanning substances exports skyrocketed to $X in 2021. In general, exports, however, saw a mild slump. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Italy (X tons), distantly followed by Spain (X tons), Germany (X tons), France (X tons) and the Netherlands (X tons) were the main exporters of synthetic organic tanning substances, together committing 99% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of +2.5%), while the other leaders experienced a decline in the exports figures.

In value terms, Italy ($X), Spain ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2021, with a combined 70% share of total exports. France and the Netherlands lagged somewhat behind, together accounting for a further 29%.

The Netherlands, with a CAGR of +2.3%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, increasing by 4.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Italy ($X per ton), while France ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.2%), while the other leaders experienced a decline in the export price figures.

Imports of Synthetic Organic Tanning Substances

Imports in the EU

After three years of decline, purchases abroad of synthetic organic tanning substances increased by less than 0.1% to X tons in 2021. Overall, imports, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 15%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, synthetic organic tanning substances imports rose remarkably to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 14%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Italy was the key importing country with an import of around X tons, which finished at 40% of total imports. France (X tons) held the second position in the ranking, followed by Germany (X tons), Spain (X tons), the Netherlands (X tons) and Portugal (X tons). All these countries together took near 45% share of total imports. Austria (X tons) and Slovakia (X tons) held a relatively small share of total imports.

Italy experienced a relatively flat trend pattern with regard to volume of imports of synthetic organic tanning substances. At the same time, Slovakia (+10.5%) and Portugal (+7.0%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in the European Union, with a CAGR of +10.5% from 2012-2021. Austria and the Netherlands experienced a relatively flat trend pattern. By contrast, Spain (-2.3%), Germany (-4.4%) and France (-4.6%) illustrated a downward trend over the same period. Italy (+4 p.p.), Portugal (+3 p.p.) and Slovakia (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Germany and France saw its share reduced by -3.4% and -4.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported synthetic organic tanning substances in the European Union, comprising 42% of total imports. The second position in the ranking was held by Spain ($X), with a 10% share of total imports. It was followed by Germany, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value in Italy amounted to +1.0%. The remaining importing countries recorded the following average annual rates of imports growth: Spain (-0.4% per year) and Germany (-5.2% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, picking up by 13% against the previous year. Overall, the import price saw a modest increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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