Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Nigeria - 2023
Contents:
- Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Nigeria (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Nigeria
Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Nigeria (CIF) - 2022
In 2022, the average import price for tanning extracts of vegetable origin; quebracho extracts amounted to $3,004 per ton, growing by 22% against the previous year. Over the period under review, the import price continues to indicate a strong expansion. Over the period under review, average import prices attained the maximum at $3,239 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($3,375 per ton), while the price for the UK ($704 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+25.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Nigeria
In 2022, approx. 113 tons of tanning extracts of vegetable origin; quebracho extracts were imported into Nigeria; with an increase of 452% compared with the year before. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tanning extracts of vegetable origin; quebracho extracts surged to $340K in 2022. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tanning Extracts of Vegetable Origin; Quebracho Extract in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Italy | 7.4 | 173 | 2237.8% | ||
| Spain | 42.1 | 165 | 291.9% | ||
| United Kingdom | 0.5 | 1.8 | 260.0% | ||
| Others | 0.4 | N/A | 0% | ||
| Total | 50.4 | 340 | 574.6% | ||
Top Suppliers of Tanning Extracts of Vegetable Origin; Quebracho Extract to Nigeria in 2022:
- Italy (61.7 tons)
- Spain (49.0 tons)
- United Kingdom (2.6 tons)
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