Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Nigeria - 2022
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Nigeria (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Nigeria
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Nigeria (CIF) - 2022
In 2022, the average import price for tanning extracts of vegetable origin; wattle extracts amounted to $1,797 per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 17%. The import price peaked at $1,802 per ton in 2021, and then contracted modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($3,387 per ton), while the price for Brazil ($1,486 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Nigeria
After two years of decline, supplies from abroad of tanning extracts of vegetable origin; wattle extracts increased by 43% to 83 tons in 2022. Overall, imports, however, recorded a abrupt descent.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts skyrocketed to $149K in 2022. In general, imports, however, recorded a deep reduction.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 83.1 | 102 | 56.3 | 84.4 | 0.5% |
| Italy | 26.5 | 20.9 | 13.9 | 20.8 | -7.8% |
| South Africa | 20.2 | 20.7 | 11.9 | 18.6 | -2.7% |
| China | 21.1 | 20.5 | 11.2 | 16.6 | -7.7% |
| United States | 42.2 | 29.3 | 11.5 | 8.6 | -41.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 193 | 193 | 105 | 149 | -8.3% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Nigeria in 2022:
- Brazil (56.8 tons)
- South Africa (9.7 tons)
- Italy (6.1 tons)
- China (5.4 tons)
- United States (4.9 tons)
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