Peru: Vegetable Tanning Extracts Market 2025

Vegetable Tanning Extracts Market Size in Peru

For the tenth year in a row, the Peruvian vegetable tanning extracts market recorded decline in sales value, which decreased by -20% to $X in 2022. Over the period under review, consumption continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 with a decrease of -1.7% against the previous year. Vegetable tanning extracts consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vegetable Tanning Extracts Production in Peru

In value terms, vegetable tanning extracts production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 64% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Vegetable Tanning Extracts Exports

Exports from Peru

In 2022, overseas shipments of tanning extracts of vegetable origin, tannins and their salts other derivatives increased by 211% to X tons, rising for the seventh year in a row after two years of decline. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vegetable tanning extracts exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Guatemala (X tons) was the main destination for vegetable tanning extracts exports from Peru, accounting for a 76% share of total exports. Moreover, vegetable tanning extracts exports to Guatemala exceeded the volume sent to the second major destination, Chile (X tons), fivefold. Bolivia (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala totaled +499.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+185.9% per year) and Bolivia (+19.1% per year).

In value terms, Guatemala ($X) remains the key foreign market for tanning extracts of vegetable origin, tannins and their salts other derivatives exports from Peru, comprising 72% of total exports. The second position in the ranking was taken by Chile ($X), with a 16% share of total exports. It was followed by Bolivia, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Guatemala stood at +581.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+200.4% per year) and Bolivia (+41.1% per year).

Export Prices by Country

In 2022, the average vegetable tanning extracts export price amounted to $X per ton, jumping by 16% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Chile ($X per ton), while the average price for exports to Guatemala ($X per ton) and Bolivia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Tanning Extracts Imports

Imports into Peru

In 2022, approx. X tons of tanning extracts of vegetable origin, tannins and their salts other derivatives were imported into Peru; shrinking by -9.3% on the year before. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 20%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, vegetable tanning extracts imports dropped remarkably to $X in 2022. In general, imports recorded a mild decrease. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest vegetable tanning extracts supplier to Peru, accounting for a 72% share of total imports. Moreover, vegetable tanning extracts imports from Argentina exceeded the figures recorded by the second-largest supplier, South Africa (X tons), sixfold. The third position in this ranking was held by Brazil (X tons), with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+9.9% per year) and Brazil (-4.7% per year).

In value terms, Argentina ($X) constituted the largest supplier of tanning extracts of vegetable origin, tannins and their salts other derivatives to Peru, comprising 69% of total imports. The second position in the ranking was held by South Africa ($X), with a 9.9% share of total imports. It was followed by Brazil, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina amounted to -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+7.3% per year) and Brazil (-4.7% per year).

Import Prices by Country

The average vegetable tanning extracts import price stood at $X per ton in 2022, declining by -10.2% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 12%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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