In 2023, Italy led the global export market for inorganic or synthetic organic tanning substances with a significant market share, followed by Germany and India, showcasing solid growth. Notable year-on-year increases were seen in India, Indonesia, and South Africa, indicating robust growth trajectories. Conversely, countries like the United States, South Korea, Canada, and Japan experienced market declines due to competitive challenges and global economic shifts.
Looking forward, the industry's evolving landscape includes potential growth in emerging markets like India and Brazil, driven by increasing industrial needs and demand for leather goods. Technological advancements and sustainable practices could redefine market shares, thus importers must stay vigilant about environmental regulations and evolving consumer preferences.
Top countries in Export of Inorganic or Synthetic Organic Tanning Substances Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 23.71 | 2023 | +0.87% | +1.34% | View data |
| 2 | 2 Germany | 13.11 | 2023 | -1.07% | -0.39% | View data |
| 3 | 3 India | 12.24 | 2023 | +3.58% | +2.84% | View data |
| 4 | 4 France | 10.49 | 2023 | +0.8% | +1.05% | View data |
| 5 | 5 Spain | 9.94 | 2023 | +2.04% | +1.85% | View data |
| 6 | 6 Netherlands | 6.16 | 2023 | +2.43% | +2.09% | View data |
| 7 | 7 South Africa | 6 | 2023 | +1.26% | +2.25% | View data |
| 8 | 8 China | 4.22 | 2023 | +1.89% | +1.33% | View data |
| 9 | 9 Singapore | 3.13 | 2023 | +1.03% | +1.1% | View data |
| 10 | 10 United States | 2.15 | 2023 | -2.76% | -3.39% | View data |
