Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Italy - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Italy (CIF) - 2024
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Italy (FOB) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Italy
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Italy
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Italy (CIF) - 2024
In March 2024, the average import price for tanning extracts of vegetable origin; wattle extracts amounted to $2,044 per ton, remaining relatively unchanged against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 an increase of 12% against the previous month. As a result, import price attained the peak level of $2,266 per ton. From September 2023 to March 2024, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In March 2024, the country with the highest price was South Africa ($2,103 per ton), while the price for India totaled $1,567 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Tanzania (+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 Italy (FOB) - 2022
In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $6,384 per ton, waning by -44.6% against the previous year. Overall, the export price continues to indicate a perceptible descent. The growth pace was the most rapid in 2019 when the average export price increased by 98% against the previous year. Over the period under review, the average export prices hit record highs at $13,138 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($48,571 per ton), while the average price for exports to Azerbaijan ($1,447 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 China (+33.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Italy
In 2022, imports of tanning extracts of vegetable origin; wattle extracts into Italy expanded notably to 4.6K tons, picking up by 12% on the year before. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 72% against the previous year.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts skyrocketed to $8.2M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 3.6 | 2.2 | 4.5 | 5.6 | 15.9% |
| Brazil | 3.3 | 1.8 | 2.0 | 1.9 | -16.8% |
| Tanzania | N/A | N/A | 0.5 | 0.5 | 0.0% |
| India | N/A | N/A | N/A | 0.1 | 0% |
| Kenya | 0.7 | 0.1 | N/A | N/A | -85.7% |
| Others | 0.6 | 0.7 | N/A | 0.1 | -45.0% |
| Total | 8.3 | 4.9 | 7.1 | 8.2 | -0.4% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Italy in 2022:
- South Africa (3213.0 tons)
- Brazil (924.0 tons)
- Tanzania (375.0 tons)
- India (77.0 tons)
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Italy
In 2022, approx. 163 tons of tanning extracts of vegetable origin; wattle extracts were exported from Italy; jumping by 60% on 2021. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +18.7% 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 +67.1% against 2019 indices. 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 dropped to $1M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, the exports attained the peak of $1.2M, and then contracted in the following year.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 207 | 70.1 | 133 | 174 | -5.6% |
| Portugal | 98.5 | 92.6 | 71.0 | 109 | 3.4% |
| Romania | 107 | 92.1 | 113 | 102 | -1.6% |
| Bangladesh | 17.4 | 62.3 | 85.5 | 68.3 | 57.7% |
| France | 14.3 | 46.9 | 29.3 | 64.9 | 65.6% |
| India | 2.2 | 1.7 | 1.3 | 48.8 | 181.0% |
| Turkey | N/A | 8.2 | 7.5 | 26.5 | 79.8% |
| Azerbaijan | N/A | N/A | N/A | 25.5 | 0% |
| Australia | 35.6 | 125 | 13.1 | 25.0 | -11.1% |
| Serbia | 5.7 | 5.5 | 4.5 | 24.7 | 63.0% |
| Nigeria | N/A | 31.4 | N/A | N/A | 0% |
| Argentina | 112 | 39.3 | 38.6 | N/A | -41.3% |
| Qatar | 12.9 | N/A | N/A | N/A | 0% |
| Others | 398 | 319 | 674 | 371 | -2.3% |
| Total | 1,011 | 894 | 1,170 | 1,039 | 0.9% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Italy in 2022:
- India (25.3 tons)
- France (23.9 tons)
- Bangladesh (20.5 tons)
- Romania (17.9 tons)
- Azerbaijan (17.6 tons)
- Serbia (16.0 tons)
- Turkey (14.2 tons)
- United States (7.9 tons)
- Portugal (3.8 tons)
- Australia (1.3 tons)
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