Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in the United States - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in the United States (CIF) - 2024
- Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in the United States (FOB) - 2024
- Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in the United States
- Exports of Tanning Extracts of Vegetable Origin; Quebracho Extract in the United States
Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in the United States (CIF) - 2024
The average import price for tanning extracts of vegetable origin; quebracho extracts stood at $1,493 per ton in September 2023, rising by 3.1% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 11% m-o-m. As a result, import price attained the peak level of $1,580 per ton. From August 2023 to September 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Argentina.
From February 2023 to September 2023, the rate of growth in terms of prices for Argentina amounted to -0.4% per month.
Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in the United States (FOB) - 2024
In September 2023, the average export price for tanning extracts of vegetable origin; quebracho extracts amounted to $7,332 per ton, falling by -8.8% against the previous month. Overall, export price indicated notable growth from February 2023 to September 2023: its price increased at an average monthly rate of +3.1% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for tanning extracts of vegetable origin; quebracho extracts increased by +172.9% against July 2023 indices. The pace of growth appeared the most rapid in August 2023 an increase of 199% against the previous month. As a result, the export price attained the peak level of $8,036 per ton, and then reduced in the following month.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From February 2023 to September 2023, the rate of growth in terms of prices for Canada amounted to +11.3% per month.
Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in the United States
In 2022, approx. 4.8K tons of tanning extracts of vegetable origin; quebracho extracts were imported into the United States; growing by 39% compared with the previous year. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.6% 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 $8M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Tanning Extracts of Vegetable Origin; Quebracho Extract in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 5.9 | 5.2 | 5.9 | 7.0 | 5.9% |
| China | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.2 | 0.1 | 0.7 | 0.9 | 65.1% |
| Total | 6.2 | 5.4 | 6.7 | 8.0 | 8.9% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Quebracho Extract to the United States in 2022:
- Argentina (4.4K tons)
- China (0.1K tons)
Exports of Tanning Extracts of Vegetable Origin; Quebracho Extract in the United States
In 2022, after three years of growth, there was significant decline in shipments abroad of tanning extracts of vegetable origin; quebracho extracts, when their volume decreased by -65.1% to 112 tons. Overall, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 121% against the previous year. As a result, the exports attained the peak of 322 tons, and then contracted notably in the following year.
In value terms, exports of tanning extracts of vegetable origin; quebracho extracts contracted markedly to $312K in 2022. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 88%. As a result, the exports attained the peak of $677K, and then declined remarkably in the following year.
| Export of Tanning Extracts of Vegetable Origin; Quebracho Extract in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | 134 | 146 | 9.0% |
| Mexico | 41.1 | N/A | 28.8 | 71.0 | 20.0% |
| Thailand | 32.1 | 71.3 | 70.7 | 43.1 | 10.3% |
| Canada | 155 | 46.5 | 29.6 | 33.9 | -39.8% |
| New Zealand | N/A | N/A | N/A | 10.4 | 0% |
| China | N/A | 62.8 | 13.5 | 4.6 | -72.9% |
| Russia | 69.2 | 71.4 | N/A | N/A | 3.2% |
| Vietnam | N/A | N/A | 180 | N/A | 0% |
| Others | 116 | 108 | 221 | 2.9 | -70.8% |
| Total | 414 | 360 | 677 | 312 | -9.0% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Quebracho Extract from the United States in 2022:
- Singapore (36.3 tons)
- Mexico (29.2 tons)
- Canada (27.5 tons)
- Thailand (10.1 tons)
- China (6.0 tons)
- New Zealand (2.9 tons)
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