Middle East: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in the Middle East

The Middle Eastern synthetic organic tanning substances market skyrocketed to $X in 2021, increasing by 30% against the previous year. Overall, consumption, however, saw a deep setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Synthetic Organic Tanning Substances in the Middle East

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

Exports of Synthetic Organic Tanning Substances

Exports in the Middle East

In 2021, synthetic organic tanning substances exports in the Middle East skyrocketed to X tons, with an increase of 42% compared with 2020. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, synthetic organic tanning substances exports soared to $X in 2021. The total export value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey dominates exports structure, amounting to X tons, which was approx. 94% of total exports in 2021. Jordan (X tons) took a minor share of total exports.

Exports from Turkey increased at an average annual rate of +11.3% from 2012 to 2021. At the same time, Jordan (+16.2%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +16.2% from 2012-2021. Turkey (+47 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest synthetic organic tanning substances supplier in the Middle East, comprising 92% of total exports. The second position in the ranking was taken by Jordan ($X), with a 3.2% share of total exports.

In Turkey, synthetic organic tanning substances exports expanded at an average annual rate of +9.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, rising by 7.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 8.8%. The level of export peaked 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 Jordan ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+6.5%).

Imports of Synthetic Organic Tanning Substances

Imports in the Middle East

In 2021, approx. X tons of synthetic organic tanning substances were imported in the Middle East; with an increase of 35% against the previous year. In general, imports, however, showed a deep setback. Over the period under review, imports attained the maximum 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 soared to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt downturn. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey was the main importing country with an import of about X tons, which resulted at 79% of total imports. It was distantly followed by the United Arab Emirates (X tons), mixing up a 12% share of total imports. Iran (X tons), Palestine (X tons) and Syrian Arab Republic (X tons) took a relatively small 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, Palestine (+32.7%), the United Arab Emirates (+19.7%) and Iran (+2.2%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +32.7% from 2012-2021. By contrast, Syrian Arab Republic (-10.7%) illustrated a downward trend over the same period. The United Arab Emirates (+11 p.p.), Iran (+2.1 p.p.) and Palestine (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by -10.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported synthetic organic tanning substances in the Middle East, comprising 83% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.3% share of total imports. It was followed by Iran, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled -5.3%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+13.7% per year) and Iran (-3.3% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, rising by 4.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 when the import price increased by 40% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Turkey ($X per ton) and Palestine ($X per ton), while the United Arab Emirates ($X per ton) and Iran ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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