Report Update: May 1, 2024

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

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Price for Synthetic Organic Tanning Substances in Spain - 2023

Price for Synthetic Organic Tanning Substances in Spain (FOB) - 2023

In August 2023, the average synthetic organic tanning substances export price amounted to $1,721 per ton, shrinking by -5.5% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when the average export price increased by 12% against the previous month. As a result, the export price attained the peak level of $1,959 per ton. From October 2022 to August 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($2,386 per ton), while the average price for exports to the UK ($1,309 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average synthetic organic tanning substances import price stood at $2,093 per ton in 2022, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($3,475 per ton), while the price for Mexico ($1,122 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Synthetic Organic Tanning Substances in Spain

Synthetic organic tanning substances exports from Spain reduced to 27K tons in 2022, declining by -9.2% on 2021 figures. Overall, exports saw a pronounced slump. The growth pace was the most rapid in 2021 when exports increased by 15% against the previous year.

In value terms, synthetic organic tanning substances exports rose sharply to $50M in 2022. The total export value increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Export of Synthetic Organic Tanning Substances in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	11.8	10.5	5.6	12.3	1.4%
China	9.1	9.8	12.4	8.2	-3.4%
Brazil	5.0	4.3	6.6	6.5	9.1%
Argentina	2.8	1.9	3.4	2.6	-2.4%
Germany	1.6	1.6	2.1	2.2	11.2%
Bangladesh	0.6	0.6	1.1	1.4	32.6%
France	0.3	0.3	0.6	1.4	67.1%
Turkey	0.7	0.4	0.6	1.3	22.9%
Mexico	0.9	0.4	1.0	1.1	6.9%
South Korea	1.4	0.8	1.4	1.1	-7.7%
United Kingdom	0.4	0.2	1.0	1.0	35.7%
India	0.8	0.7	0.8	0.8	0.0%
Taiwan (Chinese)	0.8	0.6	0.8	0.7	-4.4%
Others	10.3	6.5	9.3	9.0	-4.4%
Total	46.5	38.5	46.4	49.6	2.2%

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

Italy (6.2K tons)
China (4.6K tons)
Brazil (3.6K tons)
Argentina (1.4K tons)
Germany (1.3K tons)
Bangladesh (0.9K tons)
Turkey (0.8K tons)
France (0.8K tons)
South Korea (0.8K tons)
United Kingdom (0.7K tons)
Mexico (0.6K tons)
Taiwan (Chinese) (0.5K tons)
India (0.5K tons)

Imports of Synthetic Organic Tanning Substances in Spain

Synthetic organic tanning substances imports into Spain dropped to 3.5K tons in 2022, falling by -10.2% compared with 2021 figures. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. As a result, imports reached the peak of 4K tons, and then dropped in the following year.

In value terms, synthetic organic tanning substances imports totaled $7.4M in 2022. The total import value increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Import of Synthetic Organic Tanning Substances in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1.8	1.9	2.4	2.2	6.9%
Italy	1.1	1.1	1.9	1.6	13.3%
France	1.0	1.4	1.1	1.6	17.0%
Portugal	1.0	0.9	1.0	1.1	3.2%
Netherlands	0.7	0.4	0.4	0.5	-10.6%
Mexico	N/A	0.2	0.2	0.2	0.0%
Others	0.3	0.3	0.4	0.3	0.0%
Total	6.0	6.2	7.2	7.4	7.2%

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

Germany (966.9 tons)
France (943.7 tons)
Italy (812.1 tons)
Portugal (311.8 tons)
Netherlands (266.9 tons)
Mexico (134.4 tons)

Source: IndexBox Market Intelligence Platform

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.

Product coverage:

Prodcom 20122330 - Synthetic organic tanning substances

Country coverage:

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
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
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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
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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