India: Vegetable Tanning Extracts Market 2025

Vegetable Tanning Extracts Market Size in India

The Indian vegetable tanning extracts market fell modestly to $X in 2022, declining by -4.8% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Vegetable tanning extracts consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Vegetable Tanning Extracts Production in India

In value terms, vegetable tanning extracts production rose notably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 23%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Vegetable Tanning Extracts Exports

Exports from India

In 2022, shipments abroad of tanning extracts of vegetable origin, tannins and their salts other derivatives increased by 22% to X tons, rising for the second consecutive year after two years of decline. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 39% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, vegetable tanning extracts exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 41%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

China (X tons), Italy (X tons) and Russia (X tons) were the main destinations of vegetable tanning extracts exports from India, with a combined 69% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +70.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Russia ($X) were the largest markets for vegetable tanning extracts exported from India worldwide, together comprising 68% of total exports.

Russia, with a CAGR of +76.9%, recorded the highest rates of growth with regard to 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 vegetable tanning extracts export price stood at $X per ton in 2022, rising by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2016 an increase of 16%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Tanning Extracts Imports

Imports into India

In 2022, vegetable tanning extracts imports into India shrank rapidly to X tons, which is down by -30.8% compared with 2021 figures. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, vegetable tanning extracts imports expanded significantly to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.4% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 34% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest vegetable tanning extracts supplier to India, with a 51% share of total imports. Moreover, vegetable tanning extracts imports from Indonesia exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold. The third position in this ranking was taken by Brazil (X tons), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+1.5% per year) and Brazil (+0.9% per year).

In value terms, Indonesia ($X) constituted the largest supplier of tanning extracts of vegetable origin, tannins and their salts other derivatives to India, comprising 61% of total imports. The second position in the ranking was held by South Africa ($X), with a 9.7% share of total imports. It was followed by Brazil, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+1.4% per year) and Brazil (+1.1% per year).

Import Prices by Country

In 2022, the average vegetable tanning extracts import price amounted to $X per ton, rising by 54% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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