Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Portugal - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Portugal (CIF) - 2024
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Portugal (FOB) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Portugal
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Portugal
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Portugal (CIF) - 2024
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $2,479 per ton in March 2024, growing by 31% against the previous month. Over the period from March 2023 to March 2024, it increased at an average monthly rate of +3.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In March 2024, the country with the highest price was Brazil ($2,436 per ton), while the price for South Africa totaled $2,003 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by South Africa (+1.8%).
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Portugal (FOB) - 2022
In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $1,690 per ton, with a decrease of -9.9% against the previous year. Over the period under review, the export price saw a noticeable descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 8.2% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,048 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Ecuador ($1,734 per ton) and Germany ($1,701 per ton), while the average price for exports to Spain ($1,309 per ton) and India ($1,638 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+0.1%), while the prices for the other major destinations experienced a decline.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Portugal
In 2022, the amount of tanning extracts of vegetable origin; wattle extracts imported into Portugal soared to 972 tons, with an increase of 16% against 2021 figures. Overall, total imports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts totaled $1.4M in 2022. In general, total imports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 1,240 | 761 | 1,133 | 1,272 | 0.9% |
| Brazil | 33.0 | 32.9 | 33.5 | 41.3 | 7.8% |
| Others | 83.4 | 73.6 | 59.5 | 92.8 | 3.6% |
| Total | 1,356 | 868 | 1,225 | 1,406 | 1.2% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Portugal in 2022:
- South Africa (951.7 tons)
- Brazil (18.0 tons)
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Portugal
For the fourth consecutive year, Portugal recorded growth in overseas shipments of tanning extracts of vegetable origin; wattle extracts, which increased by 28% to 460 tons in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 164%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts reached $778K in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 169%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 340 | 662 | 713 | 44.8% |
| India | N/A | N/A | N/A | 37.7 | 0% |
| Spain | 7.2 | 3.2 | N/A | 13.1 | 22.1% |
| South Africa | N/A | 24.8 | N/A | N/A | 0% |
| Italy | 130 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 14.5 | 13.9 | -4.1% |
| Total | 137 | 368 | 676 | 778 | 78.4% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Portugal in 2022:
- Germany (419.1 tons)
- India (23.0 tons)
- Spain (10.0 tons)
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