Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Belarus - 2022

Contents:

1. Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Belarus (CIF) - 2022
2. Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Belarus (FOB) - 2022
3. Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Belarus
4. Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Belarus

Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Belarus (CIF) - 2022

In 2022, the average import price for tanning extracts of vegetable origin; wattle extracts amounted to $2,531 per ton, with an increase of 35% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Russia ($3,132 per ton), while the price for India amounted to $1,758 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Belarus (FOB) - 2022

The average export price for tanning extracts of vegetable origin; wattle extracts stood at $1,634 per ton in 2022, approximately mirroring the previous year. Overall, the export price continues to indicate a modest expansion. The growth pace was the most rapid in 2019 when the average export price increased by 16% against the previous year. As a result, the export price reached the peak level of $1,790 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2018 to 2022, the rate of growth in terms of prices for Russia amounted to +1.5% per year.

Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Belarus

In 2022, approx. 476 tons of tanning extracts of vegetable origin; wattle extracts were imported into Belarus; rising by 685% against the year before. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of tanning extracts of vegetable origin; wattle extracts skyrocketed to $1.2M in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Belarus in 2022:

1. Russia (267.7 tons)
2. India (208.6 tons)

Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Belarus

In 2022, shipments abroad of tanning extracts of vegetable origin; wattle extracts decreased by 0% to 6.4 tons, falling for the second consecutive year after two years of growth. In general, exports faced a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. As a result, the exports reached the peak of 13 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of tanning extracts of vegetable origin; wattle extracts totaled $11K in 2022. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. As a result, the exports reached the peak of $21K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Belarus in 2022:

1. Russia (6.4 tons)

Source: IndexBox Market Intelligence Platform