Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Colombia - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Colombia (CIF) - 2022
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Colombia (FOB) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Colombia
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Colombia
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Colombia (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $1,971 per ton in 2022, with an increase of 19% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2,135 per ton), while the price for South Africa ($1,831 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Colombia (FOB) - 2022
In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $1,794 per ton, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by less than 0.1%. Over the period under review, the average export prices attained the peak figure at $2,178 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Guatemala.
From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to -1.9% per year.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Colombia
In 2022, the amount of tanning extracts of vegetable origin; wattle extracts imported into Colombia surged to 806 tons, growing by 50% on 2021. In general, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 53% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts skyrocketed to $1.6M in 2022. Over the period under review, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 696 | 416 | 582 | 1,010 | 13.2% |
| South Africa | 345 | 114 | 136 | 496 | 12.9% |
| Italy | 3.2 | 6.7 | 29.4 | 68.3 | 177.4% |
| United States | 145 | 71.7 | 128 | N/A | -6.0% |
| Others | 2.3 | 5.2 | 10.3 | 13.7 | 81.3% |
| Total | 1,192 | 613 | 886 | 1,588 | 10.0% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Colombia in 2022:
- Brazil (496.4 tons)
- South Africa (270.8 tons)
- Italy (32.0 tons)
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Colombia
After three years of growth, overseas shipments of tanning extracts of vegetable origin; wattle extracts decreased by -8.3% to 58 tons in 2022. The total export volume increased at an average annual rate of +9.7% 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 2020 when exports increased by 20% against the previous year.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts contracted to $105K in 2022. The total export value increased at an average annual rate of +9.7% over the period 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 when exports increased by 20%.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 78.8 | 94.5 | 113 | 104 | 9.7% |
| Others | 0.7 | 0.8 | 1.0 | 0.9 | 8.7% |
| Total | 79.5 | 95.3 | 114 | 105 | 9.7% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Colombia in 2022:
- Guatemala (58.3 tons)
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