Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Tanzania - 2023
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Tanzania (FOB) - 2022
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Tanzania (CIF) - 2022
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Tanzania
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Tanzania
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Tanzania (FOB) - 2022
In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $1,519 per ton, surging by 9.9% against the previous year. Overall, the export price, however, recorded a slight decline. The growth pace was the most rapid in 2018 when the average export price increased by 19% against the previous year. As a result, the export price reached the peak level of $1,965 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,330 per ton), while the average price for exports to Egypt ($1,335 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Tanzania (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $2,840 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 43% against the previous year. The import price peaked at $11,132 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, 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 -12.8% per year.
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Tanzania
In 2022, the amount of tanning extracts of vegetable origin; wattle extracts exported from Tanzania totaled 2.6K tons, growing by 4.9% against 2021 figures. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 94%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts skyrocketed to $4M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,305 | 945 | 1,819 | 2,771 | 28.5% |
| Italy | 53.9 | 95.6 | 443 | 674 | 132.1% |
| United States | 1,194 | 718 | 504 | 173 | -47.5% |
| Mexico | 122 | 26.3 | 254 | 103 | -5.5% |
| Egypt | 80.0 | 36.3 | 116 | 100 | 7.7% |
| Pakistan | 59.7 | 31.9 | 77.5 | 27.0 | -23.2% |
| China | 31.5 | 54.2 | 82.3 | N/A | 61.6% |
| Bangladesh | 57.3 | 46.5 | 61.7 | N/A | 3.8% |
| Others | 35.7 | 34.9 | 74.7 | 109 | 45.1% |
| Total | 2,939 | 1,989 | 3,433 | 3,957 | 10.4% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Tanzania in 2022:
- India (1872.5 tons)
- Italy (480.0 tons)
- Egypt (75.0 tons)
- Mexico (60.0 tons)
- United States (27.3 tons)
- Pakistan (15.0 tons)
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Tanzania
After three years of growth, overseas purchases of tanning extracts of vegetable origin; wattle extracts decreased by -19% to 324 kg in 2022. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 123% against the previous year.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts shrank significantly to $920 in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 132% against the previous year.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 214 | 716 | 568 | 920 | 62.6% |
| Kenya | N/A | N/A | 556 | N/A | 0% |
| Others | 95.0 | N/A | N/A | N/A | 0% |
| Total | 309 | 716 | 1,124 | 920 | 43.9% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Tanzania in 2022:
- India (324.0 kg)
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