EU: Vegetable Tanning Extracts Market 2024

Vegetable Tanning Extracts Market Size in the EU

In 2022, the EU vegetable tanning extracts market increased by 18% to $X, rising for the second year in a row after eight years of decline. In general, consumption, however, saw a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vegetable Tanning Extracts Production in the EU

In value terms, vegetable tanning extracts production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vegetable Tanning Extracts Exports

Exports in the EU

In 2022, after two years of growth, there was significant decline in shipments abroad of tanning extracts of vegetable origin, tannins and their salts other derivatives, when their volume decreased by -13.6% to X tons. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 27%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, vegetable tanning extracts exports fell to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 16%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, Slovenia (X tons) and Italy (X tons) were the key exporters of tanning extracts of vegetable origin, tannins and their salts other derivatives in the European Union, together making up 69% of total exports. Germany (X tons) took the next position in the ranking, followed by France (X tons). All these countries together held approx. 19% share of total exports. Spain (X tons), Belgium (X tons) and Portugal (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Portugal (with a CAGR of +31.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable tanning extracts supplying countries in the European Union were Italy ($X), France ($X) and Slovenia ($X), with a combined 65% share of total exports. Belgium, Germany, Spain and Portugal lagged somewhat behind, together comprising a further 32%.

Among the main exporting countries, Portugal, with a CAGR of +26.9%, saw the highest rates of growth with regard to 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

The export price in the European Union stood at $X per ton in 2022, picking up by 2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2016 when the export price increased by 21% against the previous year. The level of export peaked at $X per ton in 2019; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.5%), while the other leaders experienced more modest paces of growth.

Vegetable Tanning Extracts Imports

Imports in the EU

In 2022, purchases abroad of tanning extracts of vegetable origin, tannins and their salts other derivatives increased by 5.7% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable tanning extracts imports amounted to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Italy represented the main importer of tanning extracts of vegetable origin, tannins and their salts other derivatives in the European Union, with the volume of imports amounting to X tons, which was approx. 45% of total imports in 2022. France (X tons) ranks second in terms of the total imports with a 12% share, followed by Spain (11%), Germany (9.4%) and the Netherlands (7%). The following importers - Poland (X tons) and Portugal (X tons) - each reached a 7.5% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vegetable tanning extracts imports into Italy stood at -1.7%. At the same time, the Netherlands (+22.9%), Poland (+4.1%) and Spain (+2.3%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of +22.9% from 2012-2022. Portugal, Germany and France experienced a relatively flat trend pattern. From 2012 to 2022, the share of the Netherlands and Spain increased by +6.1 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported tanning extracts of vegetable origin, tannins and their salts other derivatives in the European Union, comprising 43% of total imports. The second position in the ranking was taken by France ($X), with a 13% share of total imports. It was followed by Germany, with a 10% share.

In Italy, vegetable tanning extracts imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (+1.0% per year) and Germany (-1.8% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, rising by 4.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 7.7%. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while the Netherlands ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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