Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Uruguay - 2023
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Uruguay (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Uruguay
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Uruguay (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $2,298 per ton in 2022, growing by 24% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 +38.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 30%. The import price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +13.4% per year.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Uruguay
In 2022, the amount of tanning extracts of vegetable origin; wattle extracts imported into Uruguay surged to 34 tons, growing by 44% compared with the previous year. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts surged to $78K in 2022. Over the period under review, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 39.0 | 29.3 | 30.9 | 77.4 | 25.7% |
| South Africa | 6.3 | 5.3 | 4.9 | N/A | -11.8% |
| Argentina | 6.8 | 7.0 | 7.8 | N/A | 7.1% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 52.1 | 41.7 | 43.6 | 77.7 | 14.3% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Uruguay in 2022:
- Brazil (33.8 tons)
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