France: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in France

In 2021, the French synthetic organic tanning substances market decreased by -8.7% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, enjoyed a tangible increase. 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 France

In value terms, synthetic organic tanning substances production amounted to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Synthetic Organic Tanning Substances

Exports from France

In 2021, overseas shipments of synthetic organic tanning substances were finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Overall, exports, however, showed a noticeable curtailment. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, synthetic organic tanning substances exports soared to $X in 2021. In general, exports, however, saw a perceptible decrease. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), China (X tons) and Brazil (X tons) were the main destinations of synthetic organic tanning substances exports from France, together accounting for 34% of total exports. These countries were followed by Thailand, Argentina, Vietnam, Egypt, Austria, Germany, Pakistan, Spain, Turkey and South Korea, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +23.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic organic tanning substances exported from France were Italy ($X), China ($X) and Brazil ($X), with a combined 32% share of total exports. Egypt, Thailand, Germany, South Korea, Vietnam, Argentina, Spain, Turkey, Pakistan and Austria lagged somewhat behind, together comprising a further 38%.

Vietnam, with a CAGR of +16.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average synthetic organic tanning substances export price stood at $X per ton in 2021, rising by 2.2% against the previous year. In general, the export price, however, continues to indicate a mild decline. The growth pace was the most rapid in 2018 an increase of 9.2%. Over the period under review, the average export prices attained the maximum 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 destination: the country with the highest price was Egypt ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Organic Tanning Substances

Imports into France

Synthetic organic tanning substances imports into France dropped dramatically to X tons in 2021, which is down by -15.9% on the year before. Over the period under review, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2019 when imports increased by 41%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, synthetic organic tanning substances imports reached $X in 2021. Overall, imports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2019 with an increase of 35%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest synthetic organic tanning substances supplier to France, accounting for a 51% share of total imports. Moreover, synthetic organic tanning substances imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by India (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.7% per year) and India (-0.0% per year).

In value terms, the largest synthetic organic tanning substances suppliers to France were the Netherlands ($X), Italy ($X) and India ($X), with a combined 83% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +4.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average synthetic organic tanning substances import price stood at $X per ton in 2021, with an increase of 25% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The import price peaked at $X per ton in 2015; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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