Thailand - Tanning Extracts Of Vegetable Origin, Tannins And Their Salts Other Derivatives - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Thailand - Tanning Extracts Of Vegetable Origin, Tannins And Their Salts Other Derivatives - Market Analysis, Forecast, Size, Trends And Insights

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Vegetable Tanning Extracts Price in Thailand - 2023

Contents:

  1. Vegetable Tanning Extracts Price in Thailand (CIF) - 2022
  2. Vegetable Tanning Extracts Price in Thailand (FOB) - 2022
  3. Vegetable Tanning Extracts Imports in Thailand
  4. Vegetable Tanning Extracts Exports in Thailand

Vegetable Tanning Extracts Price in Thailand (CIF) - 2022

The average vegetable tanning extracts import price stood at $2,556 per ton in 2022, surging by 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2019 an increase of 34% against the previous year. As a result, import price attained the peak level of $2,803 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($3,484 per ton), while the price for India ($1,245 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Vegetable Tanning Extracts Price in Thailand (FOB) - 2022

The average vegetable tanning extracts export price stood at $10,162 per ton in 2022, jumping by 688% against the previous year. Overall, the export price posted a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($11,419 per ton), while the average price for exports to China ($1,000 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 Myanmar (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Tanning Extracts Imports in Thailand

For the fourth consecutive year, Thailand recorded growth in purchases abroad of tanning extracts of vegetable origin, tannins and their salts other derivatives, which increased by 5% to 2.2K tons in 2022. The total import volume increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, vegetable tanning extracts imports rose notably to $5.7M in 2022. The total import value increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Vegetable Tanning Extracts in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy5286241,4081,60144.7%
Slovenia9151,1879611,46417.0%
Argentina1,4011,4611,1531,226-4.4%
South Africa637460429559-4.3%
Brazil480357459391-6.6%
France17315644323410.6%
Peru96.7N/A18099.40.9%
India12224.210158.3-21.8%
Others66.437.516781.26.9%
Total4,4194,3085,3025,7148.9%

Top Suppliers of Vegetable Tanning Extracts to Thailand in 2022:

  1. Slovenia (536.5 tons)
  2. Italy (459.6 tons)
  3. Argentina (459.3 tons)
  4. South Africa (333.7 tons)
  5. Brazil (199.8 tons)
  6. France (113.5 tons)
  7. Peru (59.9 tons)
  8. India (46.9 tons)

Vegetable Tanning Extracts Exports in Thailand

After three years of growth, shipments abroad of tanning extracts of vegetable origin, tannins and their salts other derivatives decreased by -63.7% to 11 tons in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 573%.

In value terms, vegetable tanning extracts exports surged to $107K in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 494% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Vegetable Tanning Extracts in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MyanmarN/AN/AN/A88.00%
United KingdomN/AN/A3.014.8393.3%
Lao People's Democratic Republic8.45.81.74.6-18.2%
ArgentinaN/A6.4N/AN/A0%
China0.715.215.2N/A366.0%
IndonesiaN/A16.58.6N/A-47.9%
PakistanN/A19.88.5N/A-57.1%
Others2.44.90.50.1-65.3%
Total11.668.637.6107109.7%

Top Export Markets for Vegetable Tanning Extracts from Thailand in 2022:

  1. China (undefined tons)
  2. Myanmar (7.7 tons)
  3. United Kingdom (1.7 tons)
  4. Lao People's Democratic Republic (1.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vegetable tanning extracts market in Thailand. 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 20122250 - Tanning extracts of vegetable origin, tannins and their salts, e thers, esters and other derivatives

Country coverage:

  • Thailand

Data coverage:

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

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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