United Kingdom: Vegetable Tanning Extracts Market 2024

Vegetable Tanning Extracts Market Size in the UK

In 2022, the UK 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, continues to indicate a deep reduction. Vegetable tanning extracts consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vegetable Tanning Extracts Production in the UK

In value terms, vegetable tanning extracts production dropped slightly to $X in 2022 estimated in export price. In general, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Vegetable tanning extracts production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Vegetable Tanning Extracts Exports

Exports from the UK

In 2022, shipments abroad of tanning extracts of vegetable origin, tannins and their salts other derivatives decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, vegetable tanning extracts exports reduced to $X in 2022. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Spain (X tons) and Algeria (X tons) were the main destinations of vegetable tanning extracts exports from the UK, together comprising X% of total exports.

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

In value terms, the largest markets for vegetable tanning extracts exported from the UK were Poland ($X), Germany ($X) and Algeria ($X), together comprising X% of total exports.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vegetable tanning extracts export price amounted to $X per ton, rising by X% against the previous year. In general, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices attained the maximum 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 for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($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 Azerbaijan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Tanning Extracts Imports

Imports into the UK

In 2022, supplies from abroad of tanning extracts of vegetable origin, tannins and their salts other derivatives increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vegetable tanning extracts imports skyrocketed to $X in 2022. Overall, imports saw a temperate expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Argentina (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of tanning extracts of vegetable origin, tannins and their salts other derivatives to the UK, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Argentina (X% per year).

Import Prices by Country

The average vegetable tanning extracts import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price showed a noticeable descent. The pace of growth was the most pronounced in 2013 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Africa ($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 mixed trend patterns.

Source: IndexBox Platform