Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Hong Kong SAR - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Hong Kong SAR (CIF) - 2022
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Hong Kong SAR (FOB) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Hong Kong SAR
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Hong Kong SAR
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Hong Kong SAR (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $1,892 per ton in 2022, growing by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +1.5% per year.
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $2,181 per ton, waning by -34% against the previous year. In general, the export price, however, continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2020 an increase of 65%. As a result, the export price reached the peak level of $3,335 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Ethiopia.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +8.5% per year.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Hong Kong SAR
In 2022, imports of tanning extracts of vegetable origin; wattle extracts into Hong Kong SAR declined significantly to 18 tons, waning by -79.8% on the previous year's figure. Overall, imports showed a sharp downturn. The smallest decline of -36% was in 2020.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts fell sharply to $33K in 2022. Over the period under review, imports showed a sharp curtailment. The smallest decline of -34.9% was in 2020.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 154 | 43.1 | 20.3 | 33.1 | -40.1% |
| Taiwan (Chinese) | 7.5 | 9.5 | 13.1 | N/A | 32.2% |
| Brazil | 338 | 248 | 87.6 | N/A | -49.1% |
| Others | 1.2 | 24.8 | 17.1 | N/A | 277.5% |
| Total | 500 | 326 | 138 | 33.1 | -59.5% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Hong Kong SAR in 2022:
- South Africa (17.5 tons)
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Hong Kong SAR
In 2022, exports of tanning extracts of vegetable origin; wattle extracts from Hong Kong SAR soared to 3.5 tons, rising by 89% compared with 2021 figures. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts surged to $7.6K in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.8% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 25%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ethiopia | N/A | N/A | N/A | 7.6 | 0% |
| China | 1.5 | 1.4 | 2.6 | N/A | 31.7% |
| Vietnam | 2.6 | 2.2 | 3.5 | N/A | 16.0% |
| Others | N/A | 1.5 | N/A | N/A | 0% |
| Total | 4.1 | 5.1 | 6.1 | 7.6 | 22.8% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Hong Kong SAR in 2022:
- Ethiopia (3.5 tons)
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