Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Uganda - 2022

Contents:

  1. Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Uganda (CIF) - 2022
  2. Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Uganda (FOB) - 2022
  3. Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Uganda
  4. Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Uganda

Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Uganda (CIF) - 2022

The average import price for tanning extracts of vegetable origin; wattle extracts stood at $1,307 per ton in 2022, rising by 22% against the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2015 an increase of 50%. As a result, import price reached the peak level of $2,533 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($2,564 per ton), while the price for Tanzania stood at $1,120 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+45.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Uganda (FOB) - 2022

In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $938 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 5.6%. As a result, the export price attained the peak level of $1,000 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Burundi.

From 2012 to 2022, the rate of growth in terms of prices for Burundi amounted to -0.1% per year.

Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Uganda

In 2022, approx. 1.8 tons of tanning extracts of vegetable origin; wattle extracts were imported into Uganda; waning by -12.5% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports reached the peak of 2 tons, and then reduced in the following year.

In value terms, imports of tanning extracts of vegetable origin; wattle extracts rose markedly to $2.3K in 2022. Over the period under review, imports recorded a abrupt slump.

Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Uganda (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Tanzania1.10.81.41.715.6%
Kenya1.71.00.80.6-29.3%
IndiaN/A0.6N/AN/A0%
OthersN/AN/AN/AN/A0%
Total2.82.42.12.3-6.3%

Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Uganda in 2022:

  1. Tanzania (1523.0 kg)
  2. Kenya (227.0 kg)

Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Uganda

In 2022, after three years of growth, there was decline in shipments abroad of tanning extracts of vegetable origin; wattle extracts, when their volume decreased by -3.5% to 1.6 tons. The total export volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 7.5% against the previous year. As a result, the exports attained the peak of 1.7 tons, and then declined slightly in the following year.

In value terms, exports of tanning extracts of vegetable origin; wattle extracts contracted modestly to $1.5K in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 8.3%. As a result, the exports attained the peak of $1.6K, and then reduced modestly in the following year.

Export of Tanning Extracts of Vegetable Origin; Wattle Extract in Uganda (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Burundi1.31.41.61.54.9%
OthersN/AN/AN/AN/A0%
Total1.31.41.61.54.9%

Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Uganda in 2022:

  1. Burundi (1.6 tons)

Source: IndexBox Market Intelligence Platform

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