Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Malaysia - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Malaysia (FOB) - 2022
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Malaysia (CIF) - 2022
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Malaysia
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Malaysia
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Malaysia (FOB) - 2022
The average export price for tanning extracts of vegetable origin; wattle extracts stood at $8,147 per ton in 2022, growing by 71% against the previous year. Over the period under review, the export price showed a significant increase. The pace of growth was the most pronounced in 2020 an increase of 731% against the previous year. As a result, the export price attained the peak level of $15,921 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($141,751 per ton), while the average price for exports to Australia ($391 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+184.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Malaysia (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $1,932 per ton in 2022, falling by -39.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 63% against the previous year. The import price peaked at $3,565 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,709 per ton), while the price for Switzerland ($1,535 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Malaysia
For the fourth consecutive year, Malaysia recorded growth in shipments abroad of tanning extracts of vegetable origin; wattle extracts, which increased by 6% to 20 tons in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 144%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts soared to $163K in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,923%. As a result, the exports attained the peak of $236K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kyrgyzstan | 7.3 | 11.3 | 22.1 | 148 | 172.7% |
| Australia | 2.2 | 1.7 | 1.3 | 7.2 | 48.5% |
| India | 2.2 | 1.7 | 1.4 | 7.2 | 48.5% |
| Indonesia | N/A | N/A | 24.4 | N/A | 0% |
| United Arab Emirates | N/A | 1.9 | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | 71.5 | N/A | N/A | 0% |
| Others | N/A | 147 | 40.6 | N/A | -72.4% |
| Total | 11.6 | 236 | 89.9 | 163 | 141.3% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Malaysia in 2022:
- Australia (18.4 tons)
- Kyrgyzstan (1.0 tons)
- India (0.6 tons)
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Malaysia
In 2022, after two years of decline, there was significant growth in purchases abroad of tanning extracts of vegetable origin; wattle extracts, when their volume increased by 20% to 13 tons. Over the period under review, imports, however, saw a significant decline.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts fell significantly to $25K in 2022. In general, imports, however, continue to indicate a dramatic downturn. The smallest decline of -22.4% was in 2020.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 2.4 | 0.7 | 0.7 | 10.2 | 62.0% |
| China | 0.9 | 0.6 | 3.1 | 8.1 | 108.0% |
| Switzerland | N/A | 2.5 | N/A | 4.6 | 35.6% |
| Brazil | 8.7 | 0.8 | 0.4 | 1.8 | -40.9% |
| South Korea | 27.7 | 15.8 | 3.3 | N/A | -65.5% |
| United States | 28.5 | 24.2 | 15.1 | N/A | -27.2% |
| Indonesia | 24.6 | 17.8 | 9.4 | N/A | -38.2% |
| Others | 7.2 | 15.2 | 2.4 | N/A | -42.3% |
| Total | 100 | 77.6 | 34.3 | 24.8 | -37.2% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Malaysia in 2022:
- South Africa (5.8 tons)
- Switzerland (3.0 tons)
- China (3.0 tons)
- Brazil (1.0 tons)
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