Northern America: Vegetable Tanning Extracts Market 2024

Vegetable Tanning Extracts Market Size in Northern America

The North American vegetable tanning extracts market totaled $X in 2022, surging by 3.2% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Vegetable Tanning Extracts Production in Northern America

In value terms, vegetable tanning extracts production reached $X in 2022 estimated in export price. Over the period under review, production showed a mild setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by 32%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Vegetable Tanning Extracts Exports

Exports in Northern America

In 2022, approx. X tons of tanning extracts of vegetable origin, tannins and their salts other derivatives were exported in Northern America; which is down by -6.7% against 2021 figures. Over the period under review, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 when exports increased by 47%. 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 reduced to $X in 2022. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 17%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States was the largest exporter of tanning extracts of vegetable origin, tannins and their salts other derivatives in Northern America, with the volume of exports amounting to X tons, which was approx. 85% of total exports in 2022. It was distantly followed by Canada (X tons), comprising a 15% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vegetable tanning extracts exports from the United States stood at -13.6%. At the same time, Canada (+17.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +17.8% from 2012-2022. Canada (+14 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -13.8% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest vegetable tanning extracts supplier in Northern America, comprising 81% of total exports. The second position in the ranking was taken by Canada ($X), with a 19% share of total exports.

In the United States, vegetable tanning extracts exports contracted by an average annual rate of -10.4% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2013 an increase of 41%. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%).

Vegetable Tanning Extracts Imports

Imports in Northern America

In 2022, the amount of tanning extracts of vegetable origin, tannins and their salts other derivatives imported in Northern America rose rapidly to X tons, with an increase of 12% compared with the year before. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 19% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vegetable tanning extracts imports fell slightly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 22%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, amounting to X tons, which was approx. 96% of total imports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the tanning extracts of vegetable origin, tannins and their salts other derivatives imports, with a CAGR of +1.2% from 2012 to 2022. Canada (-14.9%) illustrated a downward trend over the same period. The United States (+16 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -16.4% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported tanning extracts of vegetable origin, tannins and their salts other derivatives in Northern America, comprising 96% of total imports. The second position in the ranking was taken by Canada ($X), with a 4% share of total imports.

In the United States, vegetable tanning extracts imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, dropping by -14.2% against the previous year. In general, the import price, however, showed a mild increase. The most prominent rate of growth was recorded in 2015 an increase of 18% against the previous year. The level of import peaked at $X per ton in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.5%).

Source: IndexBox Platform

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