Luxembourg: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in Luxembourg

The Luxembourg synthetic organic tanning substances market dropped markedly to $X in 2021, which is down by -96% against the previous year. Overall, consumption showed a dramatic curtailment. Over the period under review, the market hit record highs at $X in 2020, and then fell sharply in the following year.

Production of Synthetic Organic Tanning Substances in Luxembourg

In value terms, synthetic organic tanning substances production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 5.9% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then contracted slightly in the following year.

Exports of Synthetic Organic Tanning Substances

Exports from Luxembourg

In 2021, overseas shipments of synthetic organic tanning substances decreased by 0% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 3,008%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, synthetic organic tanning substances exports amounted to $X in 2021. Overall, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 1,740%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for synthetic organic tanning substances exports from Luxembourg, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey was relatively modest.

Export Prices by Country

In 2021, the average synthetic organic tanning substances export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 96% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Belgium amounted to +5.1% per year.

Imports of Synthetic Organic Tanning Substances

Imports into Luxembourg

In 2021, purchases abroad of synthetic organic tanning substances increased by 593% to X kg, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, faced a sharp setback. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, synthetic organic tanning substances imports surged to $X in 2021. In general, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 10,235%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X kg) constituted the largest synthetic organic tanning substances supplier to Luxembourg, accounting for a 85% share of total imports. Moreover, synthetic organic tanning substances imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X kg), eightfold. The Netherlands (X kg) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+18.4% per year) and the Netherlands (-30.7% per year).

In value terms, Germany ($X) constituted the largest supplier of synthetic organic tanning substances to Luxembourg, comprising 87% of total imports. The second position in the ranking was taken by Belgium ($X), with an 8.6% share of total imports. It was followed by the Netherlands, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+28.0% per year) and the Netherlands (-7.4% per year).

Import Prices by Country

The average synthetic organic tanning substances import price stood at $X per ton in 2021, picking up by 68% against the previous year. Overall, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 240%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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