Chile: Vegetable Tanning Extracts Market 2024

Vegetable Tanning Extracts Market Size in Chile

The Chilean vegetable tanning extracts market declined remarkably to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then declined remarkably in the following year.

Vegetable Tanning Extracts Exports

Exports from Chile

In 2022, exports of tanning extracts of vegetable origin, tannins and their salts other derivatives from Chile declined significantly to X kg, waning by X% against 2021 figures. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, vegetable tanning extracts exports declined significantly to $X in 2022. Overall, exports, however, saw a perceptible expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Argentina (X kg) was the main destination for vegetable tanning extracts exports from Chile, accounting for a X% share of total exports. Moreover, vegetable tanning extracts exports to Argentina exceeded the volume sent to the second major destination, Peru (X kg), threefold.

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

In value terms, Argentina ($X) remains the key foreign market for tanning extracts of vegetable origin, tannins and their salts other derivatives exports from Chile, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Argentina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Colombia (X% per year).

Export Prices by Country

The average vegetable tanning extracts export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Peru ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Vegetable Tanning Extracts Imports

Imports into Chile

In 2022, overseas purchases of tanning extracts of vegetable origin, tannins and their salts other derivatives decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then reduced dramatically in the following year.

In value terms, vegetable tanning extracts imports declined sharply to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of vegetable tanning extracts to Chile, with a X% share of total imports. Moreover, vegetable tanning extracts imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), ninefold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Italy (X% per year).

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

France, with a CAGR of X%, saw the highest growth rate of 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, picking up by X% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 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 ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform