Southern Asia: Vegetable Tanning Extracts Market 2025

Vegetable Tanning Extracts Market Size in Southern Asia

The South Asian vegetable tanning extracts market shrank to $X in 2022, which is down by -11% against the previous year. Over the period under review, consumption continues to indicate a mild downturn. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Vegetable Tanning Extracts Production in Southern Asia

In value terms, vegetable tanning extracts production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 9.5%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vegetable Tanning Extracts Exports

Exports in Southern Asia

In 2022, overseas shipments of tanning extracts of vegetable origin, tannins and their salts other derivatives increased by 18% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, vegetable tanning extracts exports surged to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +104.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

India represented the largest exporter of tanning extracts of vegetable origin, tannins and their salts other derivatives in Southern Asia, with the volume of exports amounting to X tons, which was approx. 85% of total exports in 2022. It was distantly followed by Nepal (X tons), achieving a 13% share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of tanning extracts of vegetable origin, tannins and their salts other derivatives. At the same time, Nepal (+44.8%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +44.8% from 2012-2022. Nepal (+13 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -13.2% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest vegetable tanning extracts supplier in Southern Asia, comprising 83% of total exports. The second position in the ranking was taken by Nepal ($X), with a 16% share of total exports.

In India, vegetable tanning extracts exports expanded at an average annual rate of +3.1% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by 7.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2016 an increase of 15% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+10.1%).

Vegetable Tanning Extracts Imports

Imports in Southern Asia

In 2022, the amount of tanning extracts of vegetable origin, tannins and their salts other derivatives imported in Southern Asia reduced notably to X tons, with a decrease of -34.9% against the year before. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year. As a result, imports attained the peak of X tons, and then dropped notably in the following year.

In value terms, vegetable tanning extracts imports dropped modestly to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India prevails in imports structure, recording X tons, which was near 86% of total imports in 2022. Pakistan (X tons) held the second position in the ranking, followed by Bangladesh (X tons). All these countries together took approx. 14% share of total imports.

India 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 +2.5% from 2012 to 2022. Bangladesh (-6.2%) and Pakistan (-10.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by +20 percentage points.

In value terms, India ($X) constitutes the largest market for imported tanning extracts of vegetable origin, tannins and their salts other derivatives in Southern Asia, comprising 90% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 5.3% share of total imports.

In India, vegetable tanning extracts imports increased at an average annual rate of +4.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (-5.3% per year) and Pakistan (-6.2% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, jumping by 48% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. Over the period under review, import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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