Europe: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in Europe

In 2021, the Europe synthetic organic tanning substances market decreased by -5.1% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, posted a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Synthetic Organic Tanning Substances in Europe

In value terms, synthetic organic tanning substances production stood at $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 34% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Synthetic Organic Tanning Substances

Exports in Europe

In 2021, overseas shipments of synthetic organic tanning substances were finally on the rise to reach X tons after three years of decline. In general, exports, however, saw a relatively flat trend pattern. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, synthetic organic tanning substances exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a slight descent. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a 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 achieving 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +2.5%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest synthetic organic tanning substances supplying countries in Europe were Italy ($X), Spain ($X) and Germany ($X), with a combined 69% share of total exports. France and the Netherlands lagged somewhat behind, together comprising a further 29%.

The Netherlands, with a CAGR of +2.3%, saw 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 Europe amounted to $X per ton, rising by 4.6% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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 Europe

After three years of decline, supplies from abroad of synthetic organic tanning substances increased by 3.9% to X tons in 2021. In general, imports, however, continue to indicate a mild setback. The growth pace was the most rapid in 2016 when imports increased by 15% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, synthetic organic tanning substances imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy represented the largest importer of synthetic organic tanning substances in Europe, with the volume of imports accounting for X tons, which was approx. 36% of total imports in 2021. It was distantly followed by France (X tons), Germany (X tons), Spain (X tons), the Netherlands (X tons), Portugal (X tons) and Russia (X tons), together achieving a 45% 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, Portugal (+7.0%) and Russia (+2.7%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in Europe, with a CAGR of +7.0% from 2012-2021. 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 (+2.9 p.p.) and Portugal (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Germany and France saw its share reduced by -3.3% and -4.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported synthetic organic tanning substances in Europe, comprising 36% of total imports. The second position in the ranking was taken by Spain ($X), with a 9% share of total imports. It was followed by Germany, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Italy stood at +1.0%. In the other countries, the average annual rates were as follows: Spain (-0.4% per year) and Germany (-5.2% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, growing by 13% against the previous year. Overall, the import price recorded a relatively flat trend pattern. 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