Price for Tanning Extracts of Vegetable Origin; Wattle Extract in China - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in China (CIF) - 2024
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in China (FOB) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in China
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in China
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in China (CIF) - 2024
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $1,912 per ton in May 2024, flattening at the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 3.7% against the previous month. Over the period under review, average import prices reached the peak figure at $1,921 per ton in November 2023; afterwards, it flattened through to May 2024.
Average prices varied somewhat amongst the major supplying countries. In May 2024, the country with the highest price was Brazil ($1,999 per ton), while the price for India ($1,400 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by South Africa (+0.6%), while the prices for the other major suppliers experienced a decline.
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in China (FOB) - 2022
In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $1,660 per ton, increasing by 9.2% against the previous year. In general, the export price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2020 an increase of 31%. The export price peaked at $2,165 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($2,389 per ton), while the average price for exports to Mongolia ($615 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in China
In 2022, supplies from abroad of tanning extracts of vegetable origin; wattle extracts decreased by -23.2% to 10K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.8% 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 2020 with an increase of 34%.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts shrank remarkably to $17M in 2022. The total import value increased at an average annual rate of +6.3% 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 2020 when imports increased by 36% against the previous year.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 8.6 | 8.2 | 10.1 | 10.6 | 7.2% |
| Brazil | 5.4 | 10.9 | 10.3 | 5.6 | 1.2% |
| Italy | 0.3 | 0.1 | 0.3 | 0.4 | 10.1% |
| India | N/A | N/A | N/A | 0.3 | 0% |
| Others | N/A | 0.2 | 0.4 | 0.2 | 0.0% |
| Total | 14.3 | 19.5 | 21.2 | 17.2 | 6.3% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to China in 2022:
- South Africa (6.6K tons)
- Brazil (2.9K tons)
- India (0.2K tons)
- Italy (0.2K tons)
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in China
In 2022, approx. 76 tons of tanning extracts of vegetable origin; wattle extracts were exported from China; growing by 12% against the previous year's figure. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 783% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts soared to $126K in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,010% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | N/A | N/A | N/A | 81.5 | 0% |
| India | 18.1 | 9.3 | 22.0 | 26.5 | 13.6% |
| Mongolia | 1.5 | N/A | 1.2 | 18.1 | 129.4% |
| Thailand | N/A | N/A | 58.0 | N/A | 0% |
| Vietnam | N/A | N/A | 21.8 | N/A | 0% |
| Others | 0.5 | N/A | 0.4 | N/A | -10.6% |
| Total | 20.2 | 9.3 | 103 | 126 | 84.1% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from China in 2022:
- Bangladesh (34.1 tons)
- Mongolia (29.4 tons)
- India (12.4 tons)
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