South-Eastern Asia: Vegetable Tanning Extracts Market 2025

Vegetable Tanning Extracts Market Size in South-Eastern Asia

In 2022, the Southeast Asian vegetable tanning extracts market increased by 6.9% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, showed a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vegetable Tanning Extracts Production in South-Eastern Asia

In value terms, vegetable tanning extracts production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 39%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Vegetable Tanning Extracts Exports

Exports in South-Eastern Asia

Vegetable tanning extracts exports dropped to X tons in 2022, reducing by -5.8% against the previous year's figure. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 33% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vegetable tanning extracts exports expanded remarkably to $X in 2022. Over the period under review, exports, however, posted a notable increase. The pace of growth was the most pronounced in 2017 with an increase of 66%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia dominates exports structure, finishing at X tons, which was near 91% of total exports in 2022. It was distantly followed by Singapore (X tons), mixing up a 6.8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vegetable tanning extracts exports from Indonesia stood at +1.3%. At the same time, Singapore (+4.0%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +4.0% from 2012-2022. Singapore (+1.5 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, Indonesia ($X) remains the largest vegetable tanning extracts supplier in South-Eastern Asia, comprising 92% of total exports. The second position in the ranking was held by Singapore ($X), with a 6.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia totaled +3.8%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, growing by 13% against the previous year. In general, the export price saw notable growth. The pace of growth appeared the most rapid in 2017 an increase of 64%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.5%).

Vegetable Tanning Extracts Imports

Imports in South-Eastern Asia

In 2022, the amount of tanning extracts of vegetable origin, tannins and their salts other derivatives imported in South-Eastern Asia shrank to X tons, waning by -5.1% against the previous year. Over the period under review, imports showed a deep contraction. The growth pace was the most rapid in 2019 when imports increased by 52% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, vegetable tanning extracts imports fell to $X in 2022. In general, imports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of vegetable tanning extracts imports in 2022 were Thailand (X tons), Vietnam (X tons) and the Philippines (X tons), together amounting to 81% of total import. Indonesia (X tons) took the next position in the ranking, followed by Singapore (X tons). All these countries together took near 17% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +9.1%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2022, together accounting for 82% of total imports.

Among the main importing countries, Vietnam, with a CAGR of +7.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, which is down by -6% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the import price increased by 51%. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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