In 2023, South Africa led the wattle tanning extract export market with a sizeable share of 47.63% despite experiencing a 3.47% decline. Brazil remained a strong competitor at 40.88% with a slight decline of 0.88%. Notable growths included Germany, the UK, and India with increases of 2.37%, 3.6%, and 2.26% respectively. In contrast, Zimbabwe and Belgium saw substantial declines of 17.39% and 16.6% respectively. Spain and Portugal experienced positive growth, 6.48% and 8.03% respectively, indicating an increasing market presence. Across the past five years, the compounded annual growth rate trends suggest a somewhat stable market for wattle tanning exports.
Future trends in the global wattle tanning extract market could be influenced by sustainability demands and environmental regulations. Growing preferences for eco-friendly tanning processes may encourage production improvements. Countries like Spain and Portugal, witnessing positive growth, might boost their market share by leveraging technological advancements and exploring new market opportunities.
Top countries in Export of Wattle Tanning Extract Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Africa | 47.63 | 2023 | -4.17% | -3.47% | View data |
| 2 | 2 Brazil | 40.88 | 2023 | -1.26% | -0.88% | View data |
| 3 | 3 Tanzania | 3.13 | 2023 | -0.71% | -0.68% | View data |
| 4 | 4 Germany | 0.84 | 2023 | +2.62% | +2.37% | View data |
| 5 | 5 Zimbabwe | 0.69 | 2023 | -19.44% | -17.39% | View data |
| 6 | 6 United Kingdom | 0.62 | 2023 | +5.53% | +3.6% | View data |
| 7 | 7 India | 0.51 | 2023 | -0.64% | +2.26% | View data |
| 8 | 8 United States | 0.48 | 2023 | -3.56% | -4.76% | View data |
| 9 | 9 Spain | 0.36 | 2023 | +3.29% | +6.48% | View data |
| 10 | 10 Portugal | 0.3 | 2023 | -1.87% | +8.03% | View data |
