Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Indonesia - 2022

Contents:

1. Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Indonesia (CIF) - 2022
2. Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Indonesia (FOB) - 2022
3. Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Indonesia
4. Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Indonesia

Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Indonesia (CIF) - 2022

In March 2022, the average import price for tanning extracts of vegetable origin; wattle extracts amounted to $1,099 per ton, waning by -28.4% against the previous month. Overall, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in April 2021 when the average import price increased by 56% month-to-month. As a result, import price reached the peak level of $2,093 per ton. From May 2021 to March 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In March 2022, the country with the highest price was India ($1,500 per ton), while the price for South Africa stood at $1,062 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Indonesia (FOB) - 2022

In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $18,000 per ton, approximately mirroring the previous year. Overall, the export price saw a significant expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 123%. The export price peaked at $29,427 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +47.4% per year.

Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Indonesia

In 2022, the amount of tanning extracts of vegetable origin; wattle extracts imported into Indonesia expanded significantly to 579 tons, picking up by 6.4% compared with 2021 figures. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of tanning extracts of vegetable origin; wattle extracts fell slightly to $739K in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year.

Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Indonesia in 2022:

1. South Africa (491.5 tons)
2. India (42.8 tons)
3. Brazil (18.0 tons)
4. Taiwan (Chinese) (18.0 tons)
5. Italy (8.3 tons)

Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Indonesia

In 2022, the amount of tanning extracts of vegetable origin; wattle extracts exported from Indonesia was estimated at 1 kg, almost unchanged from 2021. Overall, exports recorded a sharp curtailment. The smallest decline of 99.9% was in 2021.

In value terms, exports of tanning extracts of vegetable origin; wattle extracts stood at $18 in 2022. In general, exports showed a sharp descent. The smallest decline of 99.9% was in 2021.

Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Indonesia in 2022:

1. United States (1.0 kg)

Source: IndexBox Market Intelligence Platform