Jordan: Vegetable Tanning Extracts Market 2024

Vegetable Tanning Extracts Market Size in Jordan

The Jordanian vegetable tanning extracts market soared to $X in 2022, picking up by 29% against the previous year. In general, consumption, however, saw a noticeable curtailment. Vegetable tanning extracts consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vegetable Tanning Extracts Production in Jordan

In value terms, vegetable tanning extracts production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 36%. Vegetable tanning extracts production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vegetable Tanning Extracts Exports

Exports from Jordan

In 2022, the amount of tanning extracts of vegetable origin, tannins and their salts other derivatives exported from Jordan fell rapidly to X tons, dropping by -96.1% compared with the year before. Over the period under review, exports saw a sharp reduction. The pace of growth appeared the most rapid in 2018 when exports increased by 161%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, vegetable tanning extracts exports contracted markedly to $X in 2022. Overall, exports continue to indicate a deep slump. The growth pace was the most rapid in 2018 when exports increased by 134% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for vegetable tanning extracts exports from Jordan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled -21.7%.

In value terms, Qatar ($X) also remains the key foreign market for tanning extracts of vegetable origin, tannins and their salts other derivatives exports from Jordan.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at -12.8%.

Export Prices by Country

In 2022, the average vegetable tanning extracts export price amounted to $X per ton, increasing by 57% against the previous year. In general, the export price saw strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +52.6% per year.

Vegetable Tanning Extracts Imports

Imports into Jordan

In 2022, supplies from abroad of tanning extracts of vegetable origin, tannins and their salts other derivatives increased by 0.4% to X kg, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, faced a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by 1,667%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable tanning extracts imports totaled $X in 2022. Overall, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 1,514% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X kg) constituted the largest vegetable tanning extracts supplier to Jordan, accounting for a 82% share of total imports. Moreover, vegetable tanning extracts imports from Spain exceeded the figures recorded by the second-largest supplier, the UK (X kg), tenfold. Italy (X kg) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +52.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-32.3% per year) and Italy (-10.9% per year).

In value terms, Spain ($X) constituted the largest supplier of tanning extracts of vegetable origin, tannins and their salts other derivatives to Jordan, comprising 66% of total imports. The second position in the ranking was held by the UK ($X), with a 26% share of total imports. It was followed by Italy, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-12.0% per year) and Italy (-16.5% per year).

Import Prices by Country

In 2022, the average vegetable tanning extracts import price amounted to $X per ton, leveling off at the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable tanning extracts import price increased by +49.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 53% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+30.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform