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Chances it's salvageable with some tightening etc?
Some disassembly first, as replacement seals are needed. Finding the right seals may be a problem, as at that price point not many places will stock the spares.
I had the same issue with a Grohe tap and got a seal kit.
https://www.bathroomspareparts.co.uk/grohe-europlus-single-lever-kitchen-sink-mixer-32941002-spare-parts-13510-c.asp
I have a kitchen tap exactly like this that's leaking above and below where the spout attaches when it's on and you wiggle the spout.
Chances it's salvageable with some tightening etc?