Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Iran - 2022
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Iran (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Iran
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Iran (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $1,394 per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 34% against the previous year. As a result, import price reached the peak level of $1,507 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($1,602 per ton) and South Africa ($1,526 per ton), while the price for the United Arab Emirates ($1,160 per ton) and India ($1,296 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Iran
In 2022, supplies from abroad of tanning extracts of vegetable origin; wattle extracts decreased by -26.7% to 123 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 115%. As a result, imports reached the peak of 167 tons, and then dropped notably in the following year.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts plummeted to $171K in 2022. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2021 with an increase of 106% against the previous year. As a result, imports attained the peak of $230K, and then shrank notably in the following year.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 21.3 | 27.0 | 97.1 | 92.0 | 62.9% |
| United Arab Emirates | 55.4 | 70.6 | 108 | 62.4 | 4.0% |
| South Africa | 36.1 | 10.0 | 18.3 | 11.6 | -31.5% |
| India | 3.3 | 4.3 | 6.8 | 5.1 | 15.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 116 | 112 | 230 | 171 | 13.8% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Iran in 2022:
- Turkey (57.4 tons)
- United Arab Emirates (53.8 tons)
- South Africa (7.6 tons)
- India (3.9 tons)
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