Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Pakistan - 2023
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Pakistan (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Pakistan
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Pakistan (CIF) - 2022
In 2022, the average import price for tanning extracts of vegetable origin; wattle extracts amounted to $1,818 per ton, remaining stable against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 8.3% against the previous year. As a result, import price reached the peak level of $1,956 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Africa ($1,863 per ton) and Tanzania ($1,845 per ton), while the price for France ($1,572 per ton) and Italy ($1,584 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+0.1%), while the prices for the other major suppliers experienced a decline.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Pakistan
In 2022, the amount of tanning extracts of vegetable origin; wattle extracts imported into Pakistan contracted to 2.1K tons, waning by -11.9% against 2021. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of 2.3K tons, and then shrank in the following year.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts declined to $3.8M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 37%. As a result, imports reached the peak of $4.3M, and then reduced in the following year.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 1,045 | 837 | 1,885 | 2,396 | 31.9% |
| Zimbabwe | 1,208 | 1,072 | 1,049 | 815 | -12.3% |
| Brazil | 750 | 919 | 775 | 178 | -38.1% |
| Tanzania | 162 | 57.9 | 142 | 112 | -11.6% |
| Italy | 2.3 | 1.1 | 46.9 | 86.8 | 235.4% |
| France | N/A | 7.1 | N/A | 65.8 | 204.4% |
| Kenya | 154 | 77.4 | 142 | N/A | -4.0% |
| Others | 116 | 145 | 222 | 96.3 | -6.0% |
| Total | 3,437 | 3,116 | 4,261 | 3,750 | 2.9% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Pakistan in 2022:
- South Africa (1286.0 tons)
- Zimbabwe (461.2 tons)
- Brazil (102.6 tons)
- Tanzania (60.5 tons)
- Italy (54.8 tons)
- France (41.9 tons)
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