Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the Dominican Republic - 2023
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the Dominican Republic (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in the Dominican Republic
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the Dominican Republic (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $2,471 per ton in 2022, with an increase of 19% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($2,909 per ton) and Brazil ($2,860 per ton), while the price for South Africa ($2,190 per ton) and Panama ($2,654 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in the Dominican Republic
After two years of decline, overseas purchases of tanning extracts of vegetable origin; wattle extracts increased by 48% to 171 tons in 2022. In general, total imports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts soared to $423K in 2022. Over the period under review, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 176 | 149 | 149 | 219 | 7.6% |
| Brazil | 116 | 43.6 | 91.2 | 172 | 14.0% |
| United States | 3.1 | N/A | N/A | 29.8 | 112.6% |
| Panama | N/A | 34.5 | N/A | 2.7 | -72.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 295 | 227 | 240 | 423 | 12.8% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to the Dominican Republic in 2022:
- South Africa (100.0 tons)
- Brazil (60.0 tons)
- United States (10.3 tons)
- Panama (1.0 tons)
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