MERCOSUR: Vegetable Tanning Extracts Market 2025

Vegetable Tanning Extracts Market Size in MERCOSUR

In 2022, the MERCOSUR vegetable tanning extracts market increased by 4.6% to $X, rising for the second consecutive year after eight years of decline. Over the period under review, consumption, however, recorded a pronounced downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vegetable Tanning Extracts Production in MERCOSUR

In value terms, vegetable tanning extracts production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Vegetable Tanning Extracts Exports

Exports in MERCOSUR

Vegetable tanning extracts exports fell to X tons in 2022, which is down by -6.7% compared with 2021. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by 15%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vegetable tanning extracts exports rose slightly to $X in 2022. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by 12%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil was the largest exporter of tanning extracts of vegetable origin, tannins and their salts other derivatives in MERCOSUR, with the volume of exports amounting to X tons, which was approx. 54% of total exports in 2022. Argentina (X tons) ranks second in terms of the total exports with a 29% share, followed by Peru (16%).

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +48.4%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Brazil ($X) remains the largest vegetable tanning extracts supplier in MERCOSUR, comprising 60% of total exports. The second position in the ranking was taken by Argentina ($X), with a 23% share of total exports.

In Brazil, vegetable tanning extracts exports contracted by an average annual rate of -4.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-15.0% per year) and Peru (+34.5% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, growing by 9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.9%), while the other leaders experienced mixed trends in the export price figures.

Vegetable Tanning Extracts Imports

Imports in MERCOSUR

In 2022, approx. X tons of tanning extracts of vegetable origin, tannins and their salts other derivatives were imported in MERCOSUR; declining by -6% compared with the previous year. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, vegetable tanning extracts imports reduced slightly to $X in 2022. In general, imports recorded a noticeable descent. The growth pace was the most rapid in 2021 when imports increased by 49%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil was the major importing country with an import of about X tons, which accounted for 41% of total imports. Argentina (X tons) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Peru (14%), Colombia (12%) and Chile (5.8%). Uruguay (X tons) and Ecuador (X tons) took a relatively small share of total imports.

Imports into Brazil decreased at an average annual rate of -6.2% from 2012 to 2022. Chile and Peru experienced a relatively flat trend pattern. Ecuador (-2.9%), Colombia (-5.0%), Argentina (-6.8%) and Uruguay (-10.6%) illustrated a downward trend over the same period. While the share of Peru (+5.8 p.p.) and Chile (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (-1.7 p.p.), Argentina (-1.9 p.p.) and Uruguay (-2.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Argentina ($X) and Peru ($X) constituted the countries with the highest levels of imports in 2022, with a combined 68% share of total imports. Colombia, Chile, Uruguay and Ecuador lagged somewhat behind, together accounting for a further 26%.

Chile, with a CAGR of +5.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with an increase of 4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2021 an increase of 13%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform