Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Ghana - 2023
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Ghana (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Ghana
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Ghana (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $2,345 per ton in 2022, surging by 29% against the previous year. In general, the import price saw a prominent expansion. The pace of growth appeared the most rapid in 2019 an increase of 80% against the previous year. Over the period under review, average import prices reached the maximum at $3,240 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,473 per ton), while the price for South Africa ($1,954 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+41.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Ghana
In 2022, after two years of decline, there was significant growth in purchases abroad of tanning extracts of vegetable origin; wattle extracts, when their volume increased by 8.2% to 86 tons. In general, imports, however, continue to indicate a slight decrease.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts soared to $202K in 2022. Overall, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.8% 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 decreased by -22.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 48% against the previous year. As a result, imports attained the peak of $259K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 59.9 | N/A | 62.7 | 101 | 19.0% |
| Tanzania | N/A | N/A | N/A | 40.6 | 0% |
| United States | 115 | 160 | 35.5 | 37.8 | -31.0% |
| United Arab Emirates | N/A | 62.2 | 23.0 | 21.8 | -40.8% |
| Others | N/A | 37.5 | 22.8 | N/A | -39.2% |
| Total | 175 | 259 | 144 | 202 | 4.9% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Ghana in 2022:
- South Africa (51.9 tons)
- Tanzania (16.8 tons)
- United States (10.9 tons)
- United Arab Emirates (6.4 tons)
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