Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Ethiopia - 2022
Contents:
- Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Ethiopia (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Ethiopia
Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Ethiopia (CIF) - 2022
In 2022, the average import price for tanning extracts of vegetable origin; quebracho extracts amounted to $1,928 per ton, approximately mirroring the previous year. Overall, the import price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 73%. As a result, import price reached the peak level of $2,791 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($3,269 per ton), while the price for Italy ($1,393 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Ethiopia
For the fourth consecutive year, Ethiopia recorded growth in overseas purchases of tanning extracts of vegetable origin; quebracho extracts, which increased by 100% to 73 tons in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 525%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of tanning extracts of vegetable origin; quebracho extracts skyrocketed to $140K in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 349%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Tanning Extracts of Vegetable Origin; Quebracho Extract in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 6.4 | 26.4 | 42.5 | 62.7 | 114.0% |
| China | 0.5 | 3.6 | 9.4 | 35.9 | 315.6% |
| Italy | 0.7 | 3.7 | 7.2 | 21.9 | 215.1% |
| India | 1.1 | 5.7 | 10.9 | 19.6 | 161.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.8 | 39.4 | 70.1 | 140 | 151.5% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Quebracho Extract to Ethiopia in 2022:
- Argentina (29.4 tons)
- China (21.6 tons)
- Italy (15.7 tons)
- India (6.0 tons)
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