Austria: Vegetable Tanning Extracts Market 2024

Vegetable Tanning Extracts Market Size in Austria

In 2022, the Austrian vegetable tanning extracts market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, showed modest growth. Vegetable tanning extracts consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Vegetable Tanning Extracts Production in Austria

In value terms, vegetable tanning extracts production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Vegetable Tanning Extracts Exports

Exports from Austria

In 2022, overseas shipments of tanning extracts of vegetable origin, tannins and their salts other derivatives were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, vegetable tanning extracts exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for vegetable tanning extracts exports from Austria, with a X% share of total exports. Moreover, vegetable tanning extracts exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Italy (X% per year).

In value terms, France ($X) emerged as the key foreign market for tanning extracts of vegetable origin, tannins and their salts other derivatives exports from Austria, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Italy (X% per year).

Export Prices by Country

The average vegetable tanning extracts export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Romania ($X 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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Tanning Extracts Imports

Imports into Austria

In 2022, imports of tanning extracts of vegetable origin, tannins and their salts other derivatives into Austria reduced sharply to X tons, which is down by X% compared with 2021 figures. Over the period under review, imports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, vegetable tanning extracts imports reduced remarkably to $X in 2022. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main suppliers of vegetable tanning extracts imports to Austria, together accounting for X% of total imports. The Netherlands, Slovenia, Argentina and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Germany ($X) constituted the largest vegetable tanning extracts suppliers to Austria, together accounting for X% of total imports.

France, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vegetable tanning extracts import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price posted resilient growth. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform