Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Panama - 2023

Contents:

  1. Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Panama (CIF) - 2022
  2. Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Panama (FOB) - 2022
  3. Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Panama
  4. Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Panama

Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Panama (CIF) - 2022

The average import price for tanning extracts of vegetable origin; wattle extracts stood at $1,045 per ton in 2022, with a decrease of -11.1% against the previous year. In general, the import price saw a perceptible decline. The growth pace was the most rapid in 2014 an increase of 12% against the previous year. Over the period under review, average import prices reached the maximum at $1,542 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($1,519 per ton), while the price for Free Zones amounted to $1,037 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (-1.1%).

Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Panama (FOB) - 2022

In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $1,580 per ton, remaining constant against the previous year. Overall, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 83%. Over the period under review, the average export prices reached the maximum at $2,287 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($1,599 per ton), while the average price for exports to the Dominican Republic totaled $1,387 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+2.5%).

Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Panama

In 2022, imports of tanning extracts of vegetable origin; wattle extracts into Panama skyrocketed to 62 tons, jumping by 74% on the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, imports of tanning extracts of vegetable origin; wattle extracts surged to $65K in 2022. Overall, imports, however, recorded a abrupt shrinkage.

Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Free Zones18.79.911.763.650.4%
MexicoN/AN/AN/A1.60%
Brazil78.824.325.1N/A-43.6%
OthersN/AN/A5.4N/A0%
Total97.634.242.165.3-12.5%

Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Panama in 2022:

  1. Free Zones (61.4 tons)
  2. Mexico (1.1 tons)

Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Panama

In 2022, exports of tanning extracts of vegetable origin; wattle extracts from Panama amounted to 11 tons, approximately mirroring the previous year's figure. In general, exports saw a precipitous setback. The smallest decline of -27.8% was in 2020.

In value terms, exports of tanning extracts of vegetable origin; wattle extracts amounted to $17K in 2022. Over the period under review, exports faced a sharp decrease. The smallest decline of -30.5% was in 2020.

Export of Tanning Extracts of Vegetable Origin; Wattle Extract in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Costa Rica8.49.7N/A15.723.2%
Dominican Republic17.212.3N/A1.4-56.7%
Nicaragua9.7N/AN/AN/A0%
Guatemala8.0N/AN/AN/A0%
Others6.012.2N/AN/A103.3%
Total49.234.2N/A17.1-29.7%

Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Panama in 2022:

  1. Costa Rica (9.8 tons)
  2. Dominican Republic (1.0 tons)

Source: IndexBox Market Intelligence Platform

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