MERCOSUR: Vegetable Tanning Extracts Market 2024

Vegetable Tanning Extracts Market Size in MERCOSUR

In 2022, the MERCOSUR vegetable tanning extracts market increased by X% to $X, rising for the second consecutive year after eight years of decline. Overall, consumption, however, saw a perceptible downturn. 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 MERCOSUR

In value terms, vegetable tanning extracts production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep reduction. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Vegetable Tanning Extracts Exports

Exports in MERCOSUR

In 2022, exports of tanning extracts of vegetable origin, tannins and their salts other derivatives in MERCOSUR declined significantly to X tons, falling by X% against 2021 figures. Over the period under review, exports recorded a abrupt contraction. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vegetable tanning extracts exports declined to $X in 2022. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X tons) represented the largest exporter of tanning extracts of vegetable origin, tannins and their salts other derivatives, making up X% of total exports. It was distantly followed by Argentina (X tons), constituting a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%).

In value terms, Brazil ($X) remains the largest vegetable tanning extracts supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Vegetable Tanning Extracts Imports

Imports in MERCOSUR

In 2022, the amount of tanning extracts of vegetable origin, tannins and their salts other derivatives imported in MERCOSUR reduced to X tons, waning by X% on 2021 figures. Overall, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, vegetable tanning extracts imports reached $X in 2022. Over the period under review, imports recorded a noticeable reduction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil was the major importing country with an import of about X tons, which finished at X% of total imports. Argentina (X tons) held the second position in the ranking, followed by Colombia (X tons), Peru (X tons) and Chile (X tons). All these countries together held near X% share of total imports. The following importers - Uruguay (X tons) and Ecuador (X tons) - together made up X% of total imports.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2022. Peru and Chile experienced a relatively flat trend pattern. Colombia (X%), Ecuador (X%), Argentina (X%) and Uruguay (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Peru, Colombia and Chile 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, the largest vegetable tanning extracts importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Colombia ($X), together comprising X% of total imports. Peru, Chile, Uruguay and Ecuador lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by 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 appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform