Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Myanmar - 2022
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Myanmar (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Myanmar
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Myanmar (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $1,350 per ton in 2022, shrinking by -18.2% against the previous year. Over the period under review, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 57%. The import price peaked at $1,804 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($1,726 per ton), while the price for China totaled $298 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-0.6%), while the prices for the other major suppliers experienced a decline.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Myanmar
In 2022, approx. 57 tons of tanning extracts of vegetable origin; wattle extracts were imported into Myanmar; surging by 185% on 2021. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 90,809% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts soared to $77K in 2022. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 117,757%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | 14.9 | 30.6 | 72.5 | 120.6% |
| China | N/A | 1.0 | 1.6 | 4.5 | 112.1% |
| Others | N/A | 0.6 | 0.8 | N/A | 33.3% |
| Total | N/A | 16.5 | 33.0 | 77.0 | 116.0% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Myanmar in 2022:
- South Africa (42.0 tons)
- China (15.0 tons)
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