South Africa: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in South Africa

The South African synthetic organic tanning substances market reached $X in 2021, picking up by 8.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -23.1% against 2019 indices. Synthetic organic tanning substances consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Synthetic Organic Tanning Substances

Exports from South Africa

After two years of decline, shipments abroad of synthetic organic tanning substances increased by 50% to X tons in 2021. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by 255%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, synthetic organic tanning substances exports surged to $X in 2021. Over the period under review, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 216% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons), France (X tons) and Zimbabwe (X tons) were the main destinations of synthetic organic tanning substances exports from South Africa, together comprising 86% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +206.8%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Zimbabwe ($X) were the largest markets for synthetic organic tanning substances exported from South Africa worldwide, together accounting for 86% of total exports.

France, with a CAGR of +182.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average synthetic organic tanning substances export price amounted to $X per ton, jumping by 17% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, synthetic organic tanning substances export price increased by +74.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 50% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Synthetic Organic Tanning Substances

Imports into South Africa

In 2021, overseas purchases of synthetic organic tanning substances were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a notable increase. The pace of growth appeared the most rapid in 2016 with an increase of 42%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, synthetic organic tanning substances imports rose significantly to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.7% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 45%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of synthetic organic tanning substances imports to South Africa, with a combined 85% share of total imports. These countries were followed by Italy, Brazil, China and India, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +15.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic tanning substances suppliers to South Africa were France ($X), Germany ($X) and the Netherlands ($X), with a combined 79% share of total imports. These countries were followed by Italy, China, Brazil and India, which together accounted for a further 13%.

Among the main suppliers, China, with a CAGR of +20.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average synthetic organic tanning substances import price amounted to $X per ton, increasing by 3.2% against the previous year. Over the period under review, the import price saw a modest expansion. The pace of growth was the most pronounced in 2013 an increase of 41%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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