Price for Tanning Extracts of Vegetable Origin; Wattle Extract in South Korea - 2022
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in South Korea (CIF) - 2022
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in South Korea (FOB) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in South Korea
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in South Korea
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in South Korea (CIF) - 2022
In 2022, the average import price for tanning extracts of vegetable origin; wattle extracts amounted to $1,717 per ton, with an increase of 13% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $1,737 per ton in 2012; afterwards, it flattened through to 2022.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($1,918 per ton), while the price for South Africa ($1,584 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in South Korea (FOB) - 2022
The average export price for tanning extracts of vegetable origin; wattle extracts stood at $2,296 per ton in 2022, dropping by -9.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 24% against the previous year. The export price peaked at $2,772 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Bangladesh.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.3% per year.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in South Korea
In 2022, imports of tanning extracts of vegetable origin; wattle extracts into South Korea shrank sharply to 871 tons, falling by -18.4% on the previous year. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 14%.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts shrank to $1.5M in 2022. Overall, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 1,085 | 555 | 1,014 | 819 | -8.9% |
| Brazil | 1,217 | 866 | 601 | 660 | -18.5% |
| Others | 37.3 | 6.3 | 1.6 | 17.2 | -22.7% |
| Total | 2,338 | 1,427 | 1,617 | 1,496 | -13.8% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to South Korea in 2022:
- South Africa (517.2 tons)
- Brazil (344.0 tons)
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in South Korea
In 2022, exports of tanning extracts of vegetable origin; wattle extracts from South Korea contracted markedly to 8.6 tons, which is down by -42.3% on the previous year. In general, exports faced a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 118%.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts dropped significantly to $20K in 2022. Over the period under review, exports saw a precipitous slump. The growth pace was the most rapid in 2021 when exports increased by 100% against the previous year.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 49.6 | 18.9 | 33.5 | 19.6 | -26.6% |
| China | 14.6 | N/A | 4.1 | N/A | -47.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 64.2 | 18.9 | 37.6 | 19.6 | -32.7% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from South Korea in 2022:
- Bangladesh (8.6 tons)
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