Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Kenya - 2023
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Kenya (CIF) - 2022
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Kenya (FOB) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Kenya
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Kenya
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Kenya (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $1,702 per ton in 2022, surging by 7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2015 an increase of 8% against the previous year. As a result, import price reached the peak level of $1,703 per ton; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($4,208 per ton), while the price for South Africa ($1,600 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Kenya (FOB) - 2022
In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $2,460 per ton, surging by 74% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tanning extracts of vegetable origin; wattle extracts increased by +84.3% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Uganda.
From 2012 to 2022, the rate of growth in terms of prices for Greece amounted to +4.2% per year.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Kenya
In 2022, approx. 306 tons of tanning extracts of vegetable origin; wattle extracts were imported into Kenya; declining by -3% against 2021. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of 316 tons, and then shrank in the following year.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts rose modestly to $521K in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 331 | 289 | 334 | 339 | 0.8% |
| Italy | 21.9 | 31.5 | 41.3 | 123 | 77.8% |
| Spain | N/A | N/A | N/A | 31.5 | 0% |
| United Kingdom | 1.0 | 1.0 | 0.9 | 27.8 | 202.9% |
| Tanzania | 19.5 | 10.7 | 36.0 | N/A | 35.9% |
| Brazil | 66.1 | 40.7 | 65.9 | N/A | -0.2% |
| Others | 1.6 | N/A | 21.7 | 0.4 | -37.0% |
| Total | 441 | 373 | 500 | 521 | 5.7% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Kenya in 2022:
- South Africa (211.9 tons)
- Italy (72.0 tons)
- Spain (15.8 tons)
- United Kingdom (6.6 tons)
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Kenya
In 2022, exports of tanning extracts of vegetable origin; wattle extracts from Kenya fell dramatically to 300 kg, declining by -99.6% compared with 2021. Overall, exports continue to indicate a sharp descent. The smallest decline of -14% was in 2021.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts shrank remarkably to $738 in 2022. Over the period under review, exports continue to indicate a sharp decrease. The smallest decline of -11.3% was in 2021.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 1.7 | 0.2 | 0.1 | 0.7 | -25.6% |
| Spain | 15.7 | 2.5 | 2.2 | N/A | -62.6% |
| India | 33.1 | 5.1 | 4.2 | N/A | -64.4% |
| Greece | 23.3 | 3.6 | 3.1 | N/A | -63.5% |
| Egypt | 18.8 | 2.9 | 2.4 | N/A | -64.3% |
| Bangladesh | 37.7 | 6.3 | 5.7 | N/A | -61.1% |
| Italy | 550 | 79.5 | 61.3 | N/A | -66.6% |
| Pakistan | 141 | 6.4 | 14.6 | N/A | -67.8% |
| Others | 41.1 | 3.3 | 3.8 | N/A | -69.6% |
| Total | 863 | 110 | 97.5 | 0.7 | -90.7% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Kenya in 2022:
- Uganda (300.0 kg)
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