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Hong Kong SAR, China - Tanning Extracts Of Vegetable Origin, Tannins And Their Salts Other Derivatives - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Tanning Extracts Price in Hong Kong SAR - 2023
Contents:
- Vegetable Tanning Extracts Price in Hong Kong SAR (FOB) - 2022
- Vegetable Tanning Extracts Price in Hong Kong SAR (CIF) - 2023
- Vegetable Tanning Extracts Exports in Hong Kong SAR
- Vegetable Tanning Extracts Imports in Hong Kong SAR
Vegetable Tanning Extracts Price in Hong Kong SAR (FOB) - 2022
The average vegetable tanning extracts export price stood at $2,403 per ton in 2022, rising by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($3,604 per ton), while the average price for exports to China ($2,253 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 Vietnam (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.
Vegetable Tanning Extracts Price in Hong Kong SAR (CIF) - 2023
The average vegetable tanning extracts import price stood at $2,275 per ton in September 2023, dropping by -2.8% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 17% month-to-month. The import price peaked at $3,258 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($3,586 per ton), while the price for South Africa ($1,597 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Vegetable Tanning Extracts Exports in Hong Kong SAR
In 2022, the amount of tanning extracts of vegetable origin, tannins and their salts other derivatives exported from Hong Kong SAR reduced sharply to 399 tons, shrinking by -76.3% on the year before. In general, exports faced a precipitous slump. The pace of growth was the most pronounced in 2021 with an increase of 37%.
In value terms, vegetable tanning extracts exports shrank dramatically to $958K in 2022. Over the period under review, exports recorded a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. As a result, the exports reached the peak of $3.5M, and then declined sharply in the following year.
Export of Vegetable Tanning Extracts in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3,363 | 2,268 | 3,405 | 781 | -38.5% |
Vietnam | 43.9 | 109 | 54.4 | 130 | 43.6% |
Ethiopia | 33.4 | 8.5 | 54.2 | 47.2 | 12.2% |
Others | 29.5 | N/A | N/A | N/A | 0% |
Total | 3,470 | 2,385 | 3,513 | 958 | -34.9% |
Top Export Markets for Vegetable Tanning Extracts from Hong Kong SAR in 2022:
- China (346.7 tons)
- Vietnam (36.0 tons)
- Ethiopia (16.0 tons)
Vegetable Tanning Extracts Imports in Hong Kong SAR
In 2022, the amount of tanning extracts of vegetable origin, tannins and their salts other derivatives imported into Hong Kong SAR contracted rapidly to 1.1K tons, which is down by -30.7% on the year before. Overall, imports recorded a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 43% against the previous year. As a result, imports attained the peak of 1.6K tons, and then reduced notably in the following year.
In value terms, vegetable tanning extracts imports dropped rapidly to $2.5M in 2022. In general, imports recorded a pronounced setback. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports attained the peak of $3.2M, and then shrank dramatically in the following year.
Import of Vegetable Tanning Extracts in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 174 | 281 | 652 | 1,205 | 90.6% |
Brazil | 309 | 183 | 284 | 734 | 33.4% |
Italy | 946 | 456 | 718 | 242 | -36.5% |
South Africa | 98.8 | 195 | 230 | 220 | 30.6% |
Indonesia | 98.4 | 82.0 | 148 | 31.8 | -31.4% |
China | 456 | 279 | 244 | 14.6 | -68.2% |
Argentina | 309 | 130 | 130 | N/A | -35.1% |
Taiwan (Chinese) | 98.1 | 339 | 395 | N/A | 100.7% |
Others | 283 | 179 | 431 | 30.5 | -52.4% |
Total | 2,772 | 2,124 | 3,233 | 2,478 | -3.7% |
Top Suppliers of Vegetable Tanning Extracts to Hong Kong SAR in 2022:
- Netherlands (468.0 tons)
- Brazil (314.8 tons)
- South Africa (179.5 tons)
- Italy (75.6 tons)
- Indonesia (18.4 tons)
- China (11.0 tons)
This report provides an in-depth analysis of the vegetable tanning extracts market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20122250 - Tanning extracts of vegetable origin, tannins and their salts, e thers, esters and other derivatives
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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