Report Update: Apr 1, 2024

Turkey - 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 Turkey - 2023

Vegetable Tanning Extracts Price in Turkey (CIF) - 2022

The average vegetable tanning extracts import price stood at $1,687 per ton in 2022, picking up by 15% against the previous year. Overall, the import price, however, saw a noticeable contraction. The import price peaked at $2,203 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 Italy ($3,257 per ton), while the price for South Africa ($1,372 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Vegetable Tanning Extracts Price in Turkey (FOB) - 2023

In September 2023, the average vegetable tanning extracts export price amounted to $2,126 per ton, dropping by -16.7% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average export price increased by 25% month-to-month. Over the period under review, the average export prices attained the maximum at $3,233 per ton in July 2023; however, from August 2023 to September 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Uzbekistan ($3,108 per ton), while the average price for exports to Iran ($1,386 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Tanning Extracts Imports in Turkey

In 2022, imports of tanning extracts of vegetable origin, tannins and their salts other derivatives into Turkey shrank to 6.8K tons, declining by -12.2% on the previous year. In general, imports showed a noticeable decline. The pace of growth was the most pronounced in 2021 when imports increased by 49%. As a result, imports attained the peak of 7.8K tons, and then shrank in the following year.

In value terms, vegetable tanning extracts imports totaled $12M in 2022. Over the period under review, total imports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Import of Vegetable Tanning Extracts in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	6.8	4.6	7.9	6.8	0.0%
Argentina	2.5	1.9	2.5	3.5	11.9%
Italy	0.3	0.2	0.2	0.5	18.6%
Brazil	0.7	0.4	0.2	N/A	-46.5%
Others	0.6	0.4	0.7	0.7	5.3%
Total	10.9	7.5	11.4	11.5	1.8%

Top Suppliers of Vegetable Tanning Extracts to Turkey in 2022:

Brazil (undefinedK tons)
South Africa (5.0K tons)
Argentina (1.5K tons)
Italy (0.2K tons)

Vegetable Tanning Extracts Exports in Turkey

In 2022, approx. 2.4K tons of tanning extracts of vegetable origin, tannins and their salts other derivatives were exported from Turkey; increasing by 14% against the previous year. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 51% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, vegetable tanning extracts exports soared to $4.8M in 2022. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 57%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Export of Vegetable Tanning Extracts in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	292	263	412	1,978	89.2%
France	1,167	866	1,246	930	-7.3%
Iran	598	470	720	497	-6.0%
Italy	232	68.0	216	241	1.3%
Egypt	186	186	263	169	-3.1%
Uzbekistan	120	105	183	147	7.0%
Azerbaijan	101	141	130	127	7.9%
Israel	N/A	4.2	65.3	113	418.7%
China	N/A	32.8	45.3	90.6	66.2%
Morocco	23.1	N/A	0.8	80.2	51.4%
Mexico	N/A	N/A	N/A	74.7	0%
Others	282	212	403	401	12.5%
Total	3,002	2,347	3,686	4,848	17.3%

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

Russia (784.8 tons)
France (509.0 tons)
Iran (314.4 tons)
Italy (126.0 tons)
Egypt (96.3 tons)
Israel (91.9 tons)
Uzbekistan (66.3 tons)
Azerbaijan (58.6 tons)
China (46.0 tons)
Morocco (43.4 tons)
Mexico (36.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vegetable tanning extracts market in Turkey. 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:

Turkey

Data coverage:

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