Report Update: May 1, 2024

Canada - Tanning Extracts Of Vegetable Origin, Tannins And Their Salts Other Derivatives - Market Analysis, Forecast, Size, Trends And Insights

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Vegetable Tanning Extracts Price in Canada - 2023

Vegetable Tanning Extracts Price in Canada (CIF) - 2023

The average vegetable tanning extracts import price stood at $1,004 per ton in September 2023, declining by -41.7% against the previous month. In general, the import price saw a drastic downturn. The pace of growth was the most pronounced in October 2022 when the average import price increased by 1,181% m-o-m. As a result, import price attained the peak level of $25,328 per ton. From November 2022 to September 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From September 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to -2.4% per month.

Vegetable Tanning Extracts Price in Canada (FOB) - 2022

The average vegetable tanning extracts export price stood at $2,861 per ton in 2022, picking up by 63% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $3,084 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,986 per ton), while the average price for exports to Thailand ($719 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 the United States (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Tanning Extracts Imports in Canada

In 2022, overseas purchases of tanning extracts of vegetable origin, tannins and their salts other derivatives decreased by -46% to 385 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a precipitous descent. The pace of growth appeared the most rapid in 2020 when imports increased by 60%. As a result, imports attained the peak of 1.5K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vegetable tanning extracts imports contracted sharply to $953K in 2022. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 76% against the previous year. As a result, imports reached the peak of $2.8M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Vegetable Tanning Extracts in Canada (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	343	383	331	386	4.0%
Italy	288	232	232	226	-7.8%
Belgium	107	115	122	130	6.7%
France	14.2	54.1	146	70.9	70.9%
Argentina	276	375	228	64.1	-38.5%
South Africa	23.9	9.5	15.4	12.0	-20.5%
Brazil	536	1,619	742	11.3	-72.4%
Others	30.4	60.3	85.8	52.7	20.1%
Total	1,618	2,848	1,903	953	-16.2%

Top Suppliers of Vegetable Tanning Extracts to Canada in 2022:

United States (255.8 tons)
Italy (62.5 tons)
Argentina (21.4 tons)
France (13.5 tons)
Belgium (10.9 tons)
South Africa (8.3 tons)
Brazil (5.3 tons)

Vegetable Tanning Extracts Exports in Canada

In 2022, approx. 286 tons of tanning extracts of vegetable origin, tannins and their salts other derivatives were exported from Canada; picking up by 30% compared with the previous year's figure. In general, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 234% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, vegetable tanning extracts exports skyrocketed to $818K in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 231%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Export of Vegetable Tanning Extracts in Canada (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	61.3	88.6	175	572	110.5%
France	N/A	N/A	82.5	184	123.0%
India	6.9	3.7	123	13.8	26.0%
Thailand	N/A	N/A	N/A	4.0	0%
Fiji	N/A	24.2	N/A	N/A	0%
Others	5.6	0.1	5.9	44.0	98.8%
Total	73.8	117	387	818	123.0%

Top Export Markets for Vegetable Tanning Extracts from Canada in 2022:

United States (191.7 tons)
France (73.6 tons)
India (8.0 tons)
Thailand (5.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vegetable tanning extracts market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20122250 - Tanning extracts of vegetable origin, tannins and their salts, e thers, esters and other derivatives

Country coverage:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023