MENA: Market for Synthetic Organic Tanning Substances 2025

Market Size for Synthetic Organic Tanning Substances in MENA

The MENA's synthetic organic tanning substances market surged to $X in 2021, rising by 45% against the previous year. Overall, consumption, however, showed a perceptible slump. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Synthetic Organic Tanning Substances in MENA

In value terms, synthetic organic tanning substances production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 11% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Synthetic Organic Tanning Substances

Exports in MENA

For the third year in a row, MENA recorded growth in overseas shipments of synthetic organic tanning substances, which increased by 39% to X tons in 2021. Over the period under review, exports saw resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 171%. 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 surged to $X in 2021. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 108% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Egypt represented the key exporting country with an export of around X tons, which recorded 67% of total exports. It was distantly followed by Turkey (X tons), comprising a 31% share of total exports.

Egypt was also the fastest-growing in terms of the synthetic organic tanning substances exports, with a CAGR of +22.3% from 2012 to 2021. At the same time, Turkey (+11.3%) displayed positive paces of growth. Egypt (+37 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -1.7% from 2012 to 2021, respectively.

In value terms, Egypt ($X) and Turkey ($X) were the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Egypt, with a CAGR of +17.3%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, falling by -13.3% against the previous year. Overall, the export price saw a noticeable downturn. The growth pace was the most rapid in 2014 an increase of 11% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while Egypt totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-1.3%).

Imports of Synthetic Organic Tanning Substances

Imports in MENA

In 2021, after two years of growth, there was significant decline in overseas purchases of synthetic organic tanning substances, when their volume decreased by -8.2% to X tons. In general, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of 18%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, synthetic organic tanning substances imports declined slightly to $X in 2021. Over the period under review, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2013 when imports increased by 11%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) was the main importer of synthetic organic tanning substances, comprising 53% of total imports. Egypt (X tons) held a 22% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (8.3%) and Morocco (6%). Iran (X tons), Algeria (X tons) and Djibouti (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to synthetic organic tanning substances imports into Turkey stood at -7.7%. At the same time, the United Arab Emirates (+19.7%), Algeria (+7.7%), Iran (+2.2%) and Egypt (+1.3%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +19.7% from 2012-2021. By contrast, Djibouti (-1.2%) and Morocco (-7.7%) illustrated a downward trend over the same period. Egypt (+9.6 p.p.), the United Arab Emirates (+7.3 p.p.) and Algeria (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Morocco and Turkey saw its share reduced by -1.8% and -15.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported synthetic organic tanning substances in MENA, comprising 53% of total imports. The second position in the ranking was held by Egypt ($X), with a 22% share of total imports. It was followed by Morocco, with a 7.3% share.

In Turkey, synthetic organic tanning substances imports declined by an average annual rate of -5.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Egypt (-1.7% per year) and Morocco (-6.7% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, increasing by 3.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 27% against the previous year. The level of import peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was Djibouti ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Djibouti (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform