Price for Tanning Extracts of Vegetable Origin; Wattle Extract in South Africa - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in South Africa (FOB) - 2024
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in South Africa (CIF) - 2022
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in South Africa
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in South Africa
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in South Africa (FOB) - 2024
The average export price for tanning extracts of vegetable origin; wattle extracts stood at $1,788 per ton in April 2024, remaining constant against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in September 2023 when the average export price increased by 20% against the previous month. Over the period under review, the average export prices reached the maximum at $1,929 per ton in October 2023; however, from November 2023 to April 2024, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In April 2024, the highest price was recorded for prices to Bangladesh ($2,007 per ton) and South Korea ($1,930 per ton), while the average price for exports to the UK ($1,550 per ton) and Cuba ($1,579 per ton) were amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in South Africa (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $13,742 per ton in 2022, jumping by 935% against the previous year. In general, the import price enjoyed a significant expansion. Over the period under review, average import prices attained the maximum at $14,289 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($14,281 per ton), while the price for Italy totaled $13,581 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in South Africa
In 2022, exports of tanning extracts of vegetable origin; wattle extracts from South Africa fell to 40K tons, which is down by -6.7% on 2021. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 119% against the previous year. As a result, the exports attained the peak of 43K tons, and then dropped in the following year.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts dropped slightly to $58M in 2022. Overall, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 118% against the previous year. As a result, the exports attained the peak of $60M, and then reduced in the following year.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.5 | 3.3 | 6.6 | 8.7 | 5.1% |
| China | 7.2 | 6.7 | 11.2 | 8.4 | 5.3% |
| Turkey | 4.8 | 0.7 | 6.9 | 5.7 | 5.9% |
| Italy | 2.6 | 1.1 | 4.3 | 5.3 | 26.8% |
| Brazil | N/A | 1.1 | 4.3 | 4.4 | 100.0% |
| Bangladesh | 2.3 | 2.3 | 3.3 | 3.0 | 9.3% |
| Mexico | 3.3 | 1.5 | 3.4 | 2.4 | -10.1% |
| United States | 1.3 | 1.4 | 2.1 | 1.9 | 13.5% |
| Pakistan | 0.6 | 0.4 | 1.8 | 1.7 | 41.5% |
| Vietnam | 1.1 | 1.3 | 1.6 | 1.6 | 13.3% |
| Spain | 0.9 | 0.9 | 1.9 | 1.5 | 18.6% |
| Japan | 1.4 | 1.0 | 1.3 | 1.2 | -5.0% |
| Philippines | 1.3 | 0.5 | 1.6 | 1.1 | -5.4% |
| Others | 9.7 | 5.5 | 9.8 | 10.9 | 4.0% |
| Total | 44.0 | 27.6 | 60.1 | 57.8 | 9.5% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from South Africa in 2022:
- India (5.9K tons)
- China (5.5K tons)
- Turkey (4.7K tons)
- Italy (3.4K tons)
- Brazil (2.6K tons)
- Bangladesh (1.9K tons)
- Mexico (1.5K tons)
- United States (1.5K tons)
- Spain (1.5K tons)
- Pakistan (1.1K tons)
- Vietnam (1.0K tons)
- Japan (1.0K tons)
- Philippines (1.0K tons)
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in South Africa
After three years of growth, supplies from abroad of tanning extracts of vegetable origin; wattle extracts decreased by -98.6% to 1.9 tons in 2022. Overall, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 2,632% against the previous year.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts fell remarkably to $26K in 2022. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 204%.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 17.2 | 12.4 | 44.9 | 23.0 | 10.2% |
| France | 2.9 | N/A | N/A | 2.9 | 0.0% |
| Zimbabwe | N/A | N/A | 140 | N/A | 0% |
| Portugal | N/A | 25.9 | N/A | N/A | 0% |
| Turkey | N/A | 28.6 | N/A | N/A | 0% |
| Others | 1.9 | N/A | N/A | 0.3 | -46.0% |
| Total | 22.0 | 66.9 | 185 | 26.2 | 6.0% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to South Africa in 2022:
- Italy (1695.0 kg)
- France (203.0 kg)
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