Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Turkey - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Turkey (CIF) - 2024
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Turkey (FOB) - 2024
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Turkey
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Turkey
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Turkey (CIF) - 2024
In March 2024, the average import price for tanning extracts of vegetable origin; wattle extracts amounted to $1,995 per ton, increasing by 4.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in June 2023 when the average import price increased by 24% against the previous month. The import price peaked in March 2024.
Average prices varied noticeably amongst the major supplying countries. In March 2024, the country with the highest price was Brazil ($2,050 per ton), while the price for South Africa stood at $1,990 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by South Africa (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Turkey (FOB) - 2024
The average export price for tanning extracts of vegetable origin; wattle extracts stood at $1,927 per ton in March 2024, falling by -25.4% against the previous month. Overall, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 31% against the previous month. The export price peaked at $2,584 per ton in February 2024, and then fell markedly in the following month.
There were significant differences in the average prices for the major external markets. In March 2024, the country with the highest price was Iraq ($2,820 per ton), while the average price for exports to Russia ($1,612 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Turkey
In 2022, the amount of tanning extracts of vegetable origin; wattle extracts imported into Turkey reduced notably to 5K tons, which is down by -21.8% on the previous year. Over the period under review, imports showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 56%. As a result, imports attained the peak of 6.4K tons, and then shrank rapidly in the following year.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts fell dramatically to $6.9M in 2022. Overall, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 63% against the previous year. As a result, imports reached the peak of $8.1M, and then contracted sharply in the following year.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 6.8 | 4.6 | 7.9 | 6.8 | 0.0% |
| Brazil | 0.7 | 0.3 | 0.2 | N/A | -46.5% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 7.6 | 5.0 | 8.1 | 6.9 | -3.2% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Turkey in 2022:
- South Africa (5.0K tons)
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Turkey
Exports of tanning extracts of vegetable origin; wattle extracts from Turkey fell modestly to 1.1K tons in 2022, leveling off at the year before. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45%. As a result, the exports attained the peak of 1.1K tons, and then shrank slightly in the following year.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts expanded remarkably to $1.8M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 50% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 290 | 264 | 412 | 832 | 42.1% |
| Iran | 540 | 471 | 675 | 453 | -5.7% |
| Egypt | 185 | 185 | 235 | 166 | -3.5% |
| Morocco | 23.0 | N/A | 0.8 | 71.1 | 45.7% |
| Uzbekistan | 43.9 | 52.6 | 77.4 | 67.2 | 15.2% |
| Iraq | 34.7 | 29.2 | 41.9 | 32.3 | -2.4% |
| Azerbaijan | 23.8 | 40.7 | 23.6 | 29.8 | 7.8% |
| Kenya | N/A | N/A | N/A | 28.2 | 0% |
| Turkmenistan | 10.5 | 5.9 | 90.7 | 4.5 | -24.6% |
| Others | 42.3 | 55.9 | 102 | 112 | 38.3% |
| Total | 1,193 | 1,104 | 1,657 | 1,796 | 14.6% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Turkey in 2022:
- Russia (480.4 tons)
- Iran (298.3 tons)
- Egypt (95.3 tons)
- Morocco (38.4 tons)
- Uzbekistan (38.2 tons)
- Kenya (19.2 tons)
- Iraq (18.0 tons)
- Azerbaijan (16.3 tons)
- Turkmenistan (3.6 tons)
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