Vegetable Tanning Extracts Market

Vegetable tanning extracts market: discover the most recent datasets empowered by an Ai-driven market intelligence tool. Datasets include production, imports, market prices, companies, trade, consumption, market size, and exports. Here is a breakdown by region, including the Middle East, EU, the U.S., Africa, the U.K., China, Latin America, and Russia. Market trends and outlook to 2030 are also provided in the snapshots.

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Vegetable Tanning Extracts - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by India.

From 2018 to 2020, the average annual rate of growth in terms of value in China stood at +1.9%. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+5.6% per year) and India (-10.3% per year).

Vegetable Tanning Extracts Prices

Vegetable Tanning Extracts - Top Importers

In value terms, the largest vegetable tanning extracts importing markets worldwide were India ($57M), China ($34M) and Italy ($31M), together comprising 41% of global imports. Mexico, the United States, Japan, France, Germany, Spain, Turkey, Pakistan, Brazil and Bangladesh lagged somewhat behind, together comprising a further 34%.

Japan (+71.2% per year) recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Vegetable Tanning Extracts - Top Exporters

In value terms, the largest vegetable tanning extracts supplying countries worldwide were Brazil ($43M), Indonesia ($37M) and South Africa ($28M), together accounting for 45% of global exports. Italy, France, Argentina, Slovenia, Germany, the United States and India lagged somewhat behind, together accounting for a further 39%.

Germany saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Vegetable Tanning Extracts - Market Forecast

Driven by increasing demand for vegetable tanning extracts worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Vegetable Tanning Extracts - Product Coverage

• HS 320110 - Tanning extracts of vegetable origin; quebracho extract
• HS 320120 - Tanning extracts of vegetable origin; wattle extract
• HS 320190 - Tanning extracts of vegetable origin; tannins and their salts, ethers, esters and other derivatives, n.e.s. in heading no. 3201