Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Pakistan - 2023
Contents:
- Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Pakistan (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Pakistan
Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Pakistan (CIF) - 2022
The average import price for tanning extracts of vegetable origin; quebracho extracts stood at $2,206 per ton in 2022, growing by 3.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 9.8%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.
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 Singapore ($2,957 per ton), while the price for South Korea ($1,008 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Pakistan
In 2022, imports of tanning extracts of vegetable origin; quebracho extracts into Pakistan shrank dramatically to 260 tons, which is down by -32.8% on the year before. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. As a result, imports attained the peak of 387 tons, and then contracted notably in the following year.
In value terms, imports of tanning extracts of vegetable origin; quebracho extracts declined sharply to $574K in 2022. Over the period under review, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 97%. As a result, imports attained the peak of $822K, and then declined notably in the following year.
| Import of Tanning Extracts of Vegetable Origin; Quebracho Extract in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 160 | 108 | 185 | 215 | 10.4% |
| Argentina | 250 | 160 | 400 | 210 | -5.6% |
| Peru | 180 | 60.6 | 119 | 82.2 | -23.0% |
| South Korea | 6.1 | 9.9 | 28.7 | 21.3 | 51.7% |
| Turkey | 5.2 | 3.7 | 33.1 | 16.9 | 48.1% |
| Italy | 39.5 | 33.0 | 38.7 | 13.4 | -30.3% |
| India | 7.1 | 6.9 | 9.4 | 8.0 | 4.1% |
| Others | 9.1 | 36.8 | 8.0 | 7.3 | -7.1% |
| Total | 657 | 418 | 822 | 574 | -4.4% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Quebracho Extract to Pakistan in 2022:
- Argentina (86.6 tons)
- Singapore (72.7 tons)
- Peru (52.0 tons)
- South Korea (21.2 tons)
- Turkey (10.8 tons)
- Italy (8.8 tons)
- India (5.7 tons)
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