Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Sri Lanka - 2022
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Sri Lanka (FOB) - 2022
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Sri Lanka (CIF) - 2022
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Sri Lanka
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Sri Lanka
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Sri Lanka (FOB) - 2022
In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $811 per ton, declining by -29.5% against the previous year. In general, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 20% against the previous year. As a result, the export price attained the peak level of $1,641 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -5.1% per year.
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Sri Lanka (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $1,131 per ton in 2022, picking up by 2.2% against the previous year. In general, the import price, however, saw a perceptible decrease. The growth pace was the most rapid in 2020 an increase of 9.2%. The import price peaked at $1,390 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +9.5% per year.
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Sri Lanka
In 2022, approx. 38 tons of tanning extracts of vegetable origin; wattle extracts were exported from Sri Lanka; which is down by -57.9% compared with 2021. Over the period under review, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 70%.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts dropped rapidly to $30K in 2022. Overall, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 32%.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 152 | 77.4 | 102 | 30.4 | -41.5% |
| Others | N/A | N/A | 0.7 | N/A | 0% |
| Total | 152 | 77.4 | 102 | 30.4 | -41.5% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Sri Lanka in 2022:
- India (37.5 tons)
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Sri Lanka
In 2022, the amount of tanning extracts of vegetable origin; wattle extracts imported into Sri Lanka reduced rapidly to 20 tons, falling by -84% against 2021. Over the period under review, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. As a result, imports attained the peak of 125 tons, and then shrank dramatically in the following year.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts dropped sharply to $23K in 2022. In general, imports saw a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 75% against the previous year. As a result, imports attained the peak of $138K, and then fell dramatically in the following year.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 43.9 | 20.2 | 26.2 | 22.6 | -19.9% |
| India | 30.3 | 28.6 | 76.2 | N/A | 58.6% |
| Saudi Arabia | 14.5 | 13.5 | 16.3 | N/A | 6.0% |
| Brazil | 18.3 | 16.6 | 19.6 | N/A | 3.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 107 | 78.9 | 138 | 22.6 | -40.4% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Sri Lanka in 2022:
- South Africa (20.0 tons)
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