Inorganic tanning substances market
Inorganic Tanning Substances - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | Turkey |
| 2 | China |
| 3 | South Africa |
| 4 | Thailand |
| 5 | South Korea |
In value terms, Turkey led the market, alone. The second position in the ranking was occupied by China. It was followed by South Africa.
From 2018 to 2020, the average annual growth rate of value in Turkey amounted to +52.2%. In the other countries, the average annual rates were as follows: China (+6.0% per year) and South Africa (+47.3% per year).
Inorganic Tanning Substances, Tanning Preparations, Enzymatic Preparations For Pre-Tanning Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Uruguay | 799 | 641 | 708 | -5.9% |
| China | 860 | 848 | 819 | -2.4% |
| South Africa | 933 | 973 | 878 | -3.0% |
| Brazil | 1219 | 1042 | 1092 | -5.4% |
| India | 1131 | 1132 | 1135 | 0.2% |
| Germany | 1669 | 1373 | 1334 | -10.6% |
| Italy | 1829 | 1776 | 1709 | -3.3% |
| Spain | 1669 | 1773 | 1766 | 2.9% |
| Singapore | 1541 | 1613 | 1882 | 10.5% |
| France | 2207 | 2211 | 2149 | -1.3% |
| Average | 1327 | 1325 | 1369 | 1.6% |
Prices varied noticeably by the country of origin; the country with the highest price was France ($2,149 per ton), while Uruguay ($708 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Poland | 1972 | 1923 | 1908 | -1.6% |
| Vietnam | 1404 | 1243 | 1492 | 3.1% |
| India | 1422 | 1359 | 1328 | -3.4% |
| Turkey | 1197 | 1212 | 1266 | 2.8% |
| Thailand | 1372 | 1232 | 1262 | -4.1% |
| Brazil | 957 | 1003 | 1193 | 11.7% |
| Italy | 1360 | 1237 | 1176 | -7.0% |
| South Korea | 1173 | 1161 | 1093 | -3.5% |
| Argentina | 1105 | 1055 | 1072 | -1.5% |
| Bangladesh | 1132 | 1092 | 1059 | -3.3% |
| China | 1152 | 1132 | 1028 | -5.5% |
| Mexico | 2132 | 1763 | 996 | -31.7% |
| Pakistan | 970 | 1008 | 907 | -3.3% |
| Average | 1298 | 1277 | 1284 | -0.5% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Poland ($1,908 per ton), while Pakistan ($907 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the other global leaders experienced more modest paces of growth.
Inorganic Tanning Substances, Tanning Preparations, Enzymatic Preparations for Pre-Tanning - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| China | 44 | 41 | 43 | -1.2% |
| Brazil | 21 | 23 | 13 | -23.3% |
| Thailand | 16 | 16 | 12 | -10.7% |
| Italy | 18 | 19 | 12 | -19.8% |
| South Korea | 14 | 15 | 10 | -14.5% |
In value terms, China ($43M) constitutes the largest market for imported inorganic tanning substances, tanning preparations, enzymatic preparations for pre-tanning worldwide, comprising 19% of global imports. The second position in the ranking was occupied by Brazil ($13M), with a 5.4% share of global imports. It was followed by Thailand, with a 5.3% share.
In China, imports of inorganic tanning substances, tanning preparations, enzymatic preparations for pre-tanning plunged by an average annual rate of -1.2% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-23.3% per year) and Thailand (-10.7% per year).
Inorganic Tanning Substances, Tanning Preparations, Enzymatic Preparations for Pre-Tanning - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| Italy | 60 | 58 | 42 | -16.1% |
| Germany | 52 | 46 | 38 | -15.2% |
| South Africa | 37 | 24 | 26 | -16.1% |
| France | 20 | 24 | 22 | 3.6% |
| India | 8.3 | 10 | 15 | 36.6% |
In value terms, the largest inorganic tanning substances, tanning preparations, enzymatic preparations for pre-tanning supplying countries worldwide were Italy ($42M), Germany ($38M) and South Africa ($26M), together accounting for 51% of global exports. France, India, China, Spain, Singapore, Uruguay and Brazil lagged somewhat behind, together accounting for a further 33%.
In terms of the main exporting countries, India recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Inorganic Tanning Substances, Tanning Preparations, Enzymatic Preparations for Pre-Tanning - Market Forecast
Driven by rising demand for inorganic tanning substances, tanning preparations, enzymatic preparations for pre-tanning worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Inorganic Tanning Substances - Product Coverage
- HS 320290 - Tanning substances; inorganic tanning substances; tanning preparations, whether or not containing natural tanning substances; enzymatic preparations for pre- tanning
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