Europe: Vegetable Tanning Extracts Market 2024

Vegetable Tanning Extracts Market Size in Europe

In 2022, the Europe vegetable tanning extracts market increased by X% to $X, rising for the second year in a row after eight years of decline. Over the period under review, consumption, however, recorded a perceptible reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vegetable Tanning Extracts Production in Europe

In value terms, vegetable tanning extracts production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced contraction. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Vegetable Tanning Extracts Exports

Exports in Europe

In 2022, after two years of growth, there was significant decline in overseas shipments of tanning extracts of vegetable origin, tannins and their salts other derivatives, when their volume decreased by X% to X tons. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable tanning extracts exports declined to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Slovenia (X tons) and Italy (X tons) represented roughly X% of total exports in 2022. Germany (X tons) ranks next in terms of the total exports with a X% share, followed by France (X%) and Belgium (X%). The following exporters - Spain (X tons) and Portugal (X tons) - together made up X% of total exports.

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

In value terms, the largest vegetable tanning extracts supplying countries in Europe were Italy ($X), France ($X) and Slovenia ($X), together accounting for X% of total exports. Belgium, Germany, Spain and Portugal lagged somewhat behind, together accounting for a further X%.

Portugal, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Portugal ($X per ton) was amongst the lowest.

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

Vegetable Tanning Extracts Imports

Imports in Europe

In 2022, purchases abroad of tanning extracts of vegetable origin, tannins and their salts other derivatives increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, vegetable tanning extracts imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Italy (X tons) was the key importer of tanning extracts of vegetable origin, tannins and their salts other derivatives, achieving X% of total imports. It was distantly followed by France (X tons), Spain (X tons), Germany (X tons), the Netherlands (X tons) and the UK (X tons), together generating a X% share of total imports. The following importers - Poland (X tons), Portugal (X tons) and Russia (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vegetable tanning extracts imports into Italy stood at X%. At the same time, the Netherlands (X%), the UK (X%), Poland (X%) and Spain (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. Russia, Portugal, Germany and France experienced a relatively flat trend pattern. From 2012 to 2022, the share of the Netherlands, the UK and Spain increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported tanning extracts of vegetable origin, tannins and their salts other derivatives in Europe, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

In Italy, vegetable tanning extracts imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (X% per year) and Germany (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform