Report Update: Apr 1, 2024

Belgium - Synthetic Organic Tanning Substances - Market Analysis, Forecast, Size, Trends And Insights

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Price for Synthetic Organic Tanning Substances in Belgium - 2023

Price for Synthetic Organic Tanning Substances in Belgium (CIF) - 2022

In 2022, the average synthetic organic tanning substances import price amounted to $1,962 per ton, falling by -13.5% against the previous year. Over the period under review, the import price continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by 104% against the previous year. Over the period under review, average import prices reached the maximum at $2,460 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($2,289 per ton), while the price for France ($895 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Synthetic Organic Tanning Substances in Belgium (FOB) - 2022

In 2022, the average synthetic organic tanning substances export price amounted to $9,467 per ton, waning by -9.5% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The growth pace was the most rapid in 2021 when the average export price increased by 988% against the previous year. As a result, the export price attained the peak level of $10,455 per ton, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($15,554 per ton), while the average price for exports to France ($1,370 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Organic Tanning Substances in Belgium

In 2022, after three years of growth, there was significant decline in overseas purchases of synthetic organic tanning substances, when their volume decreased by -45.8% to 450 tons. Overall, imports, however, recorded a moderate increase. The pace of growth appeared the most rapid in 2021 when imports increased by 72%. As a result, imports attained the peak of 830 tons, and then reduced remarkably in the following year.

In value terms, synthetic organic tanning substances imports contracted significantly to $882K in 2022. Over the period under review, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 252% against the previous year. As a result, imports reached the peak of $1.9M, and then shrank markedly in the following year.

Import of Synthetic Organic Tanning Substances in Belgium (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	189	103	125	613	48.0%
Italy	394	343	340	209	-19.1%
Netherlands	18.0	37.6	52.0	46.7	37.4%
France	34.8	51.0	0.8	6.4	-43.1%
Austria	N/A	N/A	1,359	N/A	0%
Others	0.7	0.5	5.9	7.5	120.5%
Total	637	535	1,882	882	11.5%

Top Suppliers of Synthetic Organic Tanning Substances to Belgium in 2022:

Germany (283.9 tons)
Italy (137.1 tons)
Netherlands (20.4 tons)
France (7.2 tons)

Exports of Synthetic Organic Tanning Substances in Belgium

In 2022, overseas shipments of synthetic organic tanning substances decreased by -85.2% to 1.2 tons, falling for the second consecutive year after two years of growth. In general, exports showed a precipitous contraction. The pace of growth was the most pronounced in 2020 when exports increased by 941% against the previous year. As a result, the exports reached the peak of 425 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, synthetic organic tanning substances exports contracted rapidly to $11K in 2022. Over the period under review, exports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2020 with an increase of 485%. As a result, the exports reached the peak of $409K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Synthetic Organic Tanning Substances in Belgium (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	N/A	N/A	N/A	6.9	0%
Luxembourg	3.2	8.4	6.0	1.6	-20.6%
Rwanda	N/A	N/A	N/A	0.5	0%
Peru	N/A	N/A	N/A	0.5	0%
Denmark	N/A	N/A	N/A	0.4	0%
France	38.2	12.2	N/A	0.3	-80.1%
Kazakhstan	N/A	270	N/A	N/A	0%
South Korea	N/A	11.5	N/A	N/A	0%
Algeria	N/A	19.3	N/A	N/A	0%
Netherlands	22.3	80.1	N/A	N/A	259.2%
Others	6.2	7.6	77.7	0.9	-47.4%
Total	69.9	409	83.7	11.2	-45.7%

Top Export Markets for Synthetic Organic Tanning Substances from Belgium in 2022:

Australia (446.0 kg)
Denmark (210.0 kg)
France (208.0 kg)
Peru (154.0 kg)
Luxembourg (103.0 kg)
Rwanda (38.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for synthetic organic tanning substances in Belgium. 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.

Product coverage:

Prodcom 20122330 - Synthetic organic tanning substances

Country coverage:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023