Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the United States - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the United States (CIF) - 2022
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the United States (FOB) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in the United States
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in the United States
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the United States (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $1,195 per ton in 2022, declining by -8.7% against the previous year. In general, the import price saw a perceptible descent. The pace of growth appeared the most rapid in 2015 an increase of 5.6%. As a result, import price reached the peak level of $1,560 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,529 per ton), while the price for Brazil ($1,106 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.6%), while the prices for the other major suppliers experienced a decline.
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in the United States (FOB) - 2022
In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $1,362 per ton, which is down by -25% against the previous year. In general, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 65%. As a result, the export price attained the peak level of $4,243 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Congo ($2,337 per ton), while the average price for exports to Canada ($778 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 Colombia (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in the United States
In 2022, imports of tanning extracts of vegetable origin; wattle extracts into the United States shrank slightly to 2.2K tons, reducing by -3.9% on 2021 figures. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of 2.2K tons, and then fell modestly in the following year.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts reduced to $2.6M in 2022. In general, imports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 1,991 | 1,436 | 2,268 | 1,729 | -4.6% |
| Brazil | 837 | 688 | 661 | 707 | -5.5% |
| Italy | 127 | 30.4 | 11.8 | 141 | 3.5% |
| Others | N/A | N/A | 2.9 | 6.4 | 120.7% |
| Total | 2,955 | 2,155 | 2,944 | 2,584 | -4.4% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to the United States in 2022:
- South Africa (1421.0 tons)
- Brazil (639.6 tons)
- Italy (92.4 tons)
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in the United States
After two years of decline, overseas shipments of tanning extracts of vegetable origin; wattle extracts increased by 78% to 1K tons in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts soared to $1.4M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51%. As a result, the exports attained the peak of $1.7M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Congo | 130 | 979 | 451 | 461 | 52.5% |
| Colombia | 166 | 83.1 | 151 | 304 | 22.3% |
| Canada | 446 | 467 | 134 | 267 | -15.7% |
| Gabon | N/A | N/A | 3.4 | 84.3 | 2379.4% |
| Ghana | 115 | 160 | 35.5 | 40.3 | -29.5% |
| Venezuela | N/A | N/A | N/A | 34.3 | 0% |
| Mexico | N/A | 16.9 | 148 | 33.7 | 41.2% |
| Nigeria | 65.0 | N/A | N/A | 16.5 | -36.7% |
| Argentina | 43.1 | 29.2 | 30.6 | N/A | -15.7% |
| Others | 193 | 13.9 | 96.8 | 160 | -6.1% |
| Total | 1,158 | 1,749 | 1,050 | 1,400 | 6.5% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from the United States in 2022:
- Canada (342.8 tons)
- Colombia (261.6 tons)
- Congo (197.3 tons)
- Gabon (69.6 tons)
- Venezuela (34.9 tons)
- Mexico (29.5 tons)
- Ghana (28.3 tons)
- Nigeria (12.6 tons)
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