MENA: Vegetable Tanning Extracts Market 2024

Vegetable Tanning Extracts Market Size in MENA

The MENA's vegetable tanning extracts market reduced slightly to $X in 2022, remaining stable against the previous year. Over the period under review, consumption continues to indicate a abrupt slump. The growth pace was the most rapid in 2021 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vegetable Tanning Extracts Production in MENA

In value terms, vegetable tanning extracts production expanded slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vegetable Tanning Extracts Exports

Exports in MENA

In 2022, approx. X tons of tanning extracts of vegetable origin, tannins and their salts other derivatives were exported in MENA; with an increase of X% on 2021. In general, exports posted buoyant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, vegetable tanning extracts exports soared to $X in 2022. Over the period under review, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey represented the main exporter of tanning extracts of vegetable origin, tannins and their salts other derivatives in MENA, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), making up a X% share of total exports. Djibouti (X tons), Saudi Arabia (X tons) and Iran (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), Iran (X%), Djibouti (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest vegetable tanning extracts supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In Turkey, vegetable tanning extracts exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, picking up by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Djibouti ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Vegetable Tanning Extracts Imports

Imports in MENA

In 2022, the amount of tanning extracts of vegetable origin, tannins and their salts other derivatives imported in MENA declined to X tons, dropping by X% against the previous year. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable tanning extracts imports contracted slightly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Turkey prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. Morocco (X tons) took the second position in the ranking, followed by Egypt (X tons). All these countries together took approx. X% share of total imports. The following importers - Qatar (X tons), Djibouti (X tons), Iran (X tons) and Syrian Arab Republic (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 Turkey stood at X%. At the same time, Qatar (X%) and Djibouti (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Morocco (X%), Egypt (X%), Syrian Arab Republic (X%) and Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Qatar increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported tanning extracts of vegetable origin, tannins and their salts other derivatives in MENA, comprising X% of total imports. The second position in the ranking was held by Morocco ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

In Turkey, vegetable tanning extracts imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, continues to indicate a slight shrinkage. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform