Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in China - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in China (CIF) - 2024
- Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in China (FOB) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in China
- Exports of Tanning Extracts of Vegetable Origin; Quebracho Extract in China
Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in China (CIF) - 2024
The average import price for tanning extracts of vegetable origin; quebracho extracts stood at $1,841 per ton in September 2023, shrinking by -5.2% against the previous month. Over the last seven-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in May 2023 an increase of 9% m-o-m. The import price peaked at $1,943 per ton in August 2023, and then fell in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($2,304 per ton), while the price for India ($1,191 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in China (FOB) - 2022
The average export price for tanning extracts of vegetable origin; quebracho extracts stood at $1,992 per ton in 2022, rising by 23% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 289% against the previous year. As a result, the export price reached the peak level of $6,958 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($3,644 per ton), while the average price for exports to Mongolia ($380 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 South Korea (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in China
In 2022, approx. 4.4K tons of tanning extracts of vegetable origin; quebracho extracts were imported into China; falling by -20.7% against the previous year. In general, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 65%. As a result, imports attained the peak of 5.5K tons, and then declined significantly in the following year.
In value terms, imports of tanning extracts of vegetable origin; quebracho extracts shrank remarkably to $7.8M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.6% 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 +41.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year. As a result, imports attained the peak of $9.5M, and then reduced sharply in the following year.
| Import of Tanning Extracts of Vegetable Origin; Quebracho Extract in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 6.3 | 5.4 | 9.1 | 7.6 | 6.5% |
| India | 0.3 | 0.1 | 0.2 | 0.2 | -12.6% |
| Others | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Total | 6.7 | 5.6 | 9.5 | 7.8 | 5.2% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Quebracho Extract to China in 2022:
- Argentina (4.2K tons)
- India (0.1K tons)
Exports of Tanning Extracts of Vegetable Origin; Quebracho Extract in China
In 2022, the amount of tanning extracts of vegetable origin; quebracho extracts exported from China dropped dramatically to 50 tons, waning by -60.4% compared with 2021 figures. Over the period under review, exports showed a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 1,524% against the previous year. As a result, the exports reached the peak of 126 tons, and then shrank markedly in the following year.
In value terms, exports of tanning extracts of vegetable origin; quebracho extracts fell remarkably to $100K in 2022. Overall, exports, however, showed modest growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,147%. As a result, the exports reached the peak of $205K, and then reduced dramatically in the following year.
| Export of Tanning Extracts of Vegetable Origin; Quebracho Extract in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | N/A | 33.4 | 0% |
| India | 8.3 | 8.5 | 33.1 | 25.3 | 45.0% |
| South Korea | N/A | N/A | N/A | 16.3 | 0% |
| Vietnam | 29.8 | N/A | 74.3 | 12.8 | -24.5% |
| Mongolia | 5.8 | N/A | 2.1 | 6.5 | 3.9% |
| Thailand | N/A | N/A | N/A | 5.4 | 0% |
| United States | 48.1 | N/A | 46.7 | N/A | -1.5% |
| Bangladesh | 4.9 | N/A | 46.0 | N/A | 206.4% |
| Others | N/A | 0.6 | 2.5 | N/A | 316.7% |
| Total | 96.9 | 9.1 | 205 | 99.8 | 1.0% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Quebracho Extract from China in 2022:
- Mongolia (17.2 tons)
- India (12.0 tons)
- Myanmar (11.2 tons)
- South Korea (4.5 tons)
- Vietnam (3.7 tons)
- Thailand (1.5 tons)
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The import value of Vegetable Tanning Extracts significantly decreased to $2.9M in June 2023.
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In value terms, tanning extracts of vegetable origin imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pat...
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