Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the United Arab Emirates - 2022
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the United Arab Emirates (FOB) - 2022
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the United Arab Emirates (CIF) - 2022
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in the United Arab Emirates
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in the United Arab Emirates
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the United Arab Emirates (FOB) - 2022
The average export price for tanning extracts of vegetable origin; wattle extracts stood at $2,415 per ton in 2022, surging by 22% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 39%. The export price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkmenistan ($4,250 per ton), while the average price for exports to Equatorial Guinea ($1,144 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 Ghana (+1.8%), while the prices for the other major destinations experienced a decline.
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for tanning extracts of vegetable origin; wattle extracts amounted to $2,773 per ton, increasing by 39% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 increased by +92.9% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 39%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
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 South Africa ($2,837 per ton), while the price for the UK amounted to $1,071 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in the United Arab Emirates
In 2022, exports of tanning extracts of vegetable origin; wattle extracts from the United Arab Emirates surged to 316 tons, increasing by 347% on 2021 figures. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,654%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts surged to $763K in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,864%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | N/A | 0.2 | N/A | 427 | 4520.6% |
| Turkmenistan | N/A | N/A | N/A | 265 | 0% |
| Equatorial Guinea | N/A | N/A | N/A | 23.5 | 0% |
| Ghana | N/A | 1.7 | 8.4 | 23.1 | 268.6% |
| Iran | 15.5 | 2.1 | 33.9 | N/A | 47.9% |
| Saudi Arabia | N/A | N/A | 51.4 | N/A | 0% |
| Pakistan | 20.6 | 3.2 | 41.6 | N/A | 42.1% |
| Others | 0.9 | N/A | 4.5 | 25.6 | 205.3% |
| Total | 37.0 | 7.1 | 140 | 763 | 174.2% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from the United Arab Emirates in 2022:
- Algeria (220.3 tons)
- Turkmenistan (62.3 tons)
- Equatorial Guinea (20.5 tons)
- Ghana (11.4 tons)
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in the United Arab Emirates
In 2022, overseas purchases of tanning extracts of vegetable origin; wattle extracts decreased by -96.4% to 1.9 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2020 when imports increased by 65%. As a result, imports attained the peak of 130 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts shrank notably to $5.4K in 2022. Over the period under review, imports saw a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 50%. As a result, imports attained the peak of $188K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 1.6 | 0.8 | 1.0 | 5.3 | 49.1% |
| United Kingdom | 20.5 | 12.3 | 1.7 | 0.1 | -83.0% |
| Malaysia | N/A | 1.2 | N/A | N/A | 0% |
| India | 6.5 | 15.7 | 30.5 | N/A | 116.6% |
| Kuwait | 16.8 | 17.0 | 13.9 | N/A | -9.0% |
| Saudi Arabia | N/A | N/A | 43.5 | N/A | 0% |
| Turkey | 12.9 | 8.0 | 2.1 | N/A | -59.7% |
| Brazil | 65.5 | 132 | 15.3 | N/A | -51.7% |
| Others | 1.0 | 1.0 | 0.8 | N/A | -10.6% |
| Total | 125 | 188 | 109 | 5.4 | -64.9% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to the United Arab Emirates in 2022:
- South Africa (1877.0 kg)
- United Kingdom (70.0 kg)
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