Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Morocco - 2023
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Morocco (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Morocco
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Morocco (CIF) - 2022
In 2022, the average import price for tanning extracts of vegetable origin; wattle extracts amounted to $1,595 per ton, growing by 7.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 13% against the previous year. The import price peaked at $1,772 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($1,891 per ton) and Brazil ($1,796 per ton), while the price for South Africa ($1,573 per ton) and Tanzania ($1,709 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Morocco
In 2022, the amount of tanning extracts of vegetable origin; wattle extracts imported into Morocco rose markedly to 762 tons, picking up by 10% on 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts soared to $1.2M in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 561 | 427 | 755 | 1,085 | 24.6% |
| Spain | 0.5 | 0.3 | 8.2 | 47.4 | 356.0% |
| Brazil | 609 | 431 | 211 | 35.9 | -61.1% |
| Tanzania | N/A | 1.0 | N/A | 25.6 | 406.0% |
| Italy | 1.8 | 2.9 | 3.9 | 21.4 | 128.2% |
| Turkey | 22.5 | 11.7 | 39.4 | N/A | 32.3% |
| Others | 9.0 | 3.5 | 12.2 | N/A | 16.4% |
| Total | 1,204 | 877 | 1,029 | 1,216 | 0.3% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Morocco in 2022:
- South Africa (690.2 tons)
- Spain (25.1 tons)
- Brazil (20.0 tons)
- Tanzania (15.0 tons)
- Italy (12.0 tons)
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