
Spain - Synthetic Organic Tanning Substances - Market Analysis, Forecast, Size, Trends And Insights
Organic Tanning Substances Price in Spain Increases Slightly to $1,964 per Ton
Spain Synthetic Organic Tanning Substances Export Price in August 2022
In August 2022, the synthetic organic tanning substances price stood at $1,964 per ton (FOB, Spain), surging by 1.7% against the previous month. Over the last seven-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in June 2022 an increase of 23% against the previous month. As a result, the export price attained the peak level of $2,248 per ton. From July 2022 to August 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2022, the country with the highest price was Peru ($3,795 per ton), while the average price for exports to Taiwan (Chinese) ($1,380 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Spain Synthetic Organic Tanning Substances Exports
In August 2022, approximately 1.6K tons of synthetic organic tanning substances were exported from Spain; waning by -11.7% on the previous month's figure. In general, exports saw a perceptible downturn. The most prominent rate of growth was recorded in February 2022 when exports increased by 42% m-o-m. The exports peaked at 3K tons in April 2022; however, from May 2022 to August 2022, the exports stood at a somewhat lower figure.
In value terms, synthetic organic tanning substances exports contracted to $3.2M (IndexBox estimates) in August 2022. Overall, exports continue to indicate a mild contraction. The most prominent rate of growth was recorded in June 2022 when exports increased by 51% month-to-month. The exports peaked at 6.1K tons in April 2022; however, from May 2022 to August 2022, the exports stood at a somewhat lower figure.
Spain Synthetic Organic Tanning Substances Exports by Country
Brazil (481 tons) was the main destination for synthetic organic tanning substances exports from Spain, with a 29% share of total exports. Moreover, synthetic organic tanning substances exports to Brazil exceeded the volume sent to the second major destination, China (232 tons), twofold. Italy (133 tons) ranked third in terms of total exports with an 8.1% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume to Brazil totaled +15.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (-5.8% per month) and Italy (-16.8% per month).
In value terms, Brazil ($959K) emerged as the key foreign market for synthetic organic tanning substances exports from Spain, comprising 30% of total exports. The second position in the ranking was taken by China ($377K), with a 12% share of total exports. It was followed by Italy, with a 7.4% share.
From January 2022 to August 2022, the average monthly growth rate of value to Brazil totaled +20.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (-6.9% per month) and Italy (-18.7% per month).
This report provides an in-depth analysis of the market for synthetic organic tanning substances in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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The Largest Producers on The Market and Their Profiles
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