Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Thailand - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Thailand (CIF) - 2022
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Thailand (FOB) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Thailand
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Thailand
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Thailand (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $1,770 per ton in 2022, rising by 7.6% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. 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 2022, amid the top importers, the country with the highest price was Brazil ($1,954 per ton), while the price for South Africa amounted to $1,662 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.5%).
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Thailand (FOB) - 2022
In 2021, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $2,355 per ton, with an increase of 30% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 682% against the previous year. As a result, the export price attained the peak level of $31,818 per ton. From 2017 to 2021, 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 Malaysia.
From 2014 to 2021, the rate of growth in terms of prices for Hong Kong SAR amounted to +167.3% per year.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Thailand
In 2022, imports of tanning extracts of vegetable origin; wattle extracts into Thailand expanded to 536 tons, growing by 2.5% on 2021 figures. Overall, imports, however, showed a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 7.4% against the previous year.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts expanded rapidly to $949K in 2022. Over the period under review, imports, however, saw a deep contraction.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 627 | 459 | 401 | 552 | -4.2% |
| Brazil | 480 | 354 | 459 | 391 | -6.6% |
| Others | 0.1 | 0.5 | N/A | 5.9 | 289.3% |
| Total | 1,107 | 814 | 860 | 949 | -5.0% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Thailand in 2022:
- South Africa (332.1 tons)
- Brazil (200.2 tons)
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Thailand
In 2021, the amount of tanning extracts of vegetable origin; wattle extracts exported from Thailand contracted markedly to 200 kg, reducing by -96.8% on 2020. In general, exports continue to indicate a dramatic downturn.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts contracted significantly to $471 in 2021. Over the period under review, exports faced a sharp shrinkage.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in Thailand (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 |
| Malaysia | N/A | 0.5 | 0% |
| China | 5.0 | N/A | 0% |
| Argentina | 6.4 | N/A | 0% |
| Others | N/A | N/A | 0% |
| Total | 11.4 | 0.5 | -95.6% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Thailand in 2022:
- Malaysia (200.0 kg)
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