Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the Philippines - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the Philippines (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in the Philippines
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the Philippines (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $682 per ton in 2022, declining by -20% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tanning extracts of vegetable origin; wattle extracts decreased by -28.8% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 89% against the previous year. The import price peaked at $958 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($1,829 per ton), while the price for South Africa amounted to $650 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+20.0%), 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 Philippines
Imports of tanning extracts of vegetable origin; wattle extracts into the Philippines soared to 1.5K tons in 2022, with an increase of 37% compared with the previous year. In general, imports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 67%.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts expanded sharply to $993K in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 49%.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 870 | 492 | 837 | 920 | 1.9% |
| Brazil | 64.3 | 115 | 66.5 | 73.1 | 4.4% |
| Others | 78.8 | N/A | N/A | N/A | 0% |
| Total | 1,013 | 607 | 903 | 993 | -0.7% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to the Philippines in 2022:
- South Africa (1415.2 tons)
- Brazil (40.0 tons)
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