Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Bangladesh - 2022
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Bangladesh (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Bangladesh
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Bangladesh (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $1,586 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, showed a slight curtailment. The pace of growth was the most pronounced in 2015 an increase of 12%. The import price peaked at $1,850 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 France ($2,738 per ton), while the price for South Africa ($1,519 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Bangladesh
In 2022, approx. 2K tons of tanning extracts of vegetable origin; wattle extracts were imported into Bangladesh; which is down by -15.6% on the year before. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. As a result, imports attained the peak of 2.4K tons, and then shrank notably in the following year.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts dropped to $3.2M in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. As a result, imports reached the peak of $3.8M, and then shrank in the following year.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 2,122 | 2,079 | 3,015 | 2,626 | 7.4% |
| France | 161 | 179 | 203 | 219 | 10.8% |
| Tanzania | 95.9 | 67.7 | 68.2 | 73.3 | -8.6% |
| China | N/A | N/A | N/A | 70.8 | 0% |
| Brazil | 428 | 165 | 276 | 68.9 | -45.6% |
| Italy | 16.1 | 54.2 | 77.7 | 57.7 | 53.0% |
| Others | 111 | 107 | 117 | 88.6 | -7.2% |
| Total | 2,935 | 2,652 | 3,757 | 3,204 | 3.0% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Bangladesh in 2022:
- South Africa (1729.3 tons)
- France (80.0 tons)
- Tanzania (45.1 tons)
- China (45.1 tons)
- Brazil (36.1 tons)
- Italy (30.8 tons)
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