Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in the Dominican Republic - 2022
Contents:
- Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in the Dominican Republic (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in the Dominican Republic
Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in the Dominican Republic (CIF) - 2022
The average import price for tanning extracts of vegetable origin; quebracho extracts stood at $2,319 per ton in 2022, picking up by 3.8% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tanning extracts of vegetable origin; quebracho extracts increased by +122.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 58%. Over the period under review, average import prices hit record highs at $2,524 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,934 per ton), while the price for Argentina ($1,802 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in the Dominican Republic
Imports of tanning extracts of vegetable origin; quebracho extracts into the Dominican Republic skyrocketed to 18 tons in 2022, picking up by 52% against the year before. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.3% against 2020 indices. 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 $42K in 2022. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 72% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Tanning Extracts of Vegetable Origin; Quebracho Extract in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.2 | 8.3 | 12.8 | 18.8 | 44.7% |
| Italy | 1.0 | 1.9 | 6.8 | 14.2 | 142.2% |
| Argentina | 4.5 | 5.2 | 6.9 | 8.8 | 25.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.8 | 15.4 | 26.5 | 41.8 | 52.4% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Quebracho Extract to the Dominican Republic in 2022:
- Italy (6.8 tons)
- United States (6.4 tons)
- Argentina (4.9 tons)
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