Price for Tanning Extracts of Vegetable Origin; Wattle Extract in India - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in India (CIF) - 2024
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in India (FOB) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in India
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in India
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in India (CIF) - 2024
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $2,042 per ton in March 2024, stabilizing at the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 6.2% against the previous month. As a result, import price attained the peak level of $2,071 per ton. From September 2023 to March 2024, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In March 2024, the country with the highest price was Brazil ($2,047 per ton), while the price for Tanzania ($1,992 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Tanzania (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in India (FOB) - 2022
In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $1,377 per ton, with an increase of 23% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 54% against the previous year. As a result, the export price reached the peak level of $2,423 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($1,712 per ton), while the average price for exports to Bangladesh ($1,007 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 Russia (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in India
Imports of tanning extracts of vegetable origin; wattle extracts into India rose sharply to 13K tons in 2022, picking up by 5.4% against the previous year's figure. In general, imports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts expanded notably to $22M in 2022. Over the period under review, imports, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 19%.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 8.2 | 4.8 | 6.2 | 7.8 | -1.7% |
| Brazil | 10.5 | 8.0 | 8.7 | 5.8 | -17.9% |
| United Kingdom | 2.4 | 2.4 | 2.5 | 4.1 | 19.5% |
| Tanzania | 1.1 | 0.9 | 2.0 | 2.8 | 36.5% |
| France | 1.2 | 0.5 | 0.5 | 1.1 | -2.9% |
| Zimbabwe | 0.4 | 0.1 | 0.1 | 0.4 | 0.0% |
| Others | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
| Total | 24.1 | 17.0 | 20.3 | 22.4 | -2.4% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to India in 2022:
- South Africa (4.3K tons)
- Brazil (3.1K tons)
- United Kingdom (2.3K tons)
- Tanzania (1.7K tons)
- France (0.7K tons)
- Zimbabwe (0.2K tons)
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in India
Exports of tanning extracts of vegetable origin; wattle extracts from India soared to 1.2K tons in 2022, increasing by 121% on the previous year's figure. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts skyrocketed to $1.6M in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 419 | 0% |
| Russia | 23.3 | 109 | 214 | 403 | 158.6% |
| United Arab Emirates | N/A | N/A | N/A | 293 | 0% |
| Italy | 18.2 | 17.0 | 83.5 | 106 | 79.9% |
| Brazil | N/A | N/A | N/A | 71.9 | 0% |
| Indonesia | 61.4 | 49.3 | 55.6 | 60.4 | -0.5% |
| Uzbekistan | 25.4 | 6.5 | 7.8 | 44.4 | 20.5% |
| Romania | N/A | N/A | N/A | 33.1 | 0% |
| Belarus | N/A | N/A | N/A | 30.8 | 0% |
| Iran | N/A | N/A | N/A | 25.2 | 0% |
| Bangladesh | 4.7 | 33.5 | 30.4 | 19.0 | 59.3% |
| Sri Lanka | 85.7 | 45.4 | 88.1 | N/A | 1.4% |
| Ukraine | 41.6 | 19.8 | 39.6 | N/A | -2.4% |
| Others | 126 | 49.3 | 66.6 | 82.2 | -13.3% |
| Total | 386 | 330 | 585 | 1,588 | 60.2% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from India in 2022:
- China (310.0 tons)
- Russia (288.0 tons)
- United Arab Emirates (210.0 tons)
- Italy (78.0 tons)
- Indonesia (46.8 tons)
- Brazil (42.0 tons)
- Uzbekistan (36.0 tons)
- Romania (28.5 tons)
- Iran (20.5 tons)
- Belarus (20.0 tons)
- Bangladesh (18.9 tons)
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