Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Azerbaijan - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Azerbaijan (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Azerbaijan
Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Azerbaijan (CIF) - 2022
The average import price for tanning extracts of vegetable origin; quebracho extracts stood at $2,237 per ton in 2022, rising by 7.4% against the previous year. In general, the import price showed a prominent expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 105%. The import price peaked at $2,457 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($2,565 per ton) and Spain ($2,000 per ton), while the price for Turkey ($1,826 per ton) and South Africa ($1,890 per ton) were amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.5%).
Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Azerbaijan
For the fourth year in a row, Azerbaijan recorded growth in purchases abroad of tanning extracts of vegetable origin; quebracho extracts, which increased by 2% to 45 tons in 2022. The total import volume increased at an average annual rate of +8.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of tanning extracts of vegetable origin; quebracho extracts expanded remarkably to $101K in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 15%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Tanning Extracts of Vegetable Origin; Quebracho Extract in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 40.1 | 35.7 | 44.1 | 60.7 | 14.8% |
| Turkey | 44.9 | 57.5 | 47.7 | 35.0 | -8.0% |
| South Africa | N/A | N/A | N/A | 2.2 | 0% |
| Spain | N/A | N/A | N/A | 2.2 | 0% |
| Others | 2.6 | 7.7 | 0.4 | 0.9 | -29.8% |
| Total | 87.7 | 101 | 92.2 | 101 | 4.8% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Quebracho Extract to Azerbaijan in 2022:
- Argentina (23.7 tons)
- Turkey (19.2 tons)
- South Africa (1.2 tons)
- Spain (1.1 tons)
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