In 2023, the import of vegetable tanning extracts, tannins, and salts to France was valued at approximately 13.8 million US dollars. From the forecasted data, there is a consistent increase in the import values from 2024 to 2028, showing a year-on-year growth of around 1.6% to 1.7% each year. The compound annual growth rate (CAGR) over the five-year forecast period is estimated to be around 1.6%.
Future trends to watch for include:
- Potential shifts in global supply and demand dynamics for vegetable tanning extracts.
- Environmental regulations impacting the production and use of tannins and related chemicals.
- Technological advancements in sourcing and processing that may influence import levels.