Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Hungary - 2023

Contents:

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

Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Hungary (FOB) - 2022

The average export price for tanning extracts of vegetable origin; quebracho extracts stood at $106,000 per ton in 2022, leveling off at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 a decrease of -39.2%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($202,000 per ton), while the average price for exports to the Netherlands totaled $10,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+9.1%).

Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Hungary (CIF) - 2022

The average import price for tanning extracts of vegetable origin; quebracho extracts stood at $8,000 per ton in 2022, reducing by -6.3% against the previous year. Over the period under review, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 139% against the previous year. The import price peaked at $25,323 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Romania.

From 2013 to 2022, the rate of growth in terms of prices for Italy amounted to +14.7% per year.

Exports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Hungary

For the third consecutive year, Hungary recorded decline in shipments abroad of tanning extracts of vegetable origin; quebracho extracts, which decreased by 0% to 2 kg in 2022. Over the period under review, exports faced a precipitous shrinkage. The smallest decline of -82.8% was in 2020.

In value terms, exports of tanning extracts of vegetable origin; quebracho extracts amounted to $212 in 2022. In general, exports recorded a sharp decrease. The smallest decline of -89.5% was in 2020.

Export of Tanning Extracts of Vegetable Origin; Quebracho Extract in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
RomaniaN/A0.2N/A0.20.0%
Netherlands10.9N/AN/AN/A0%
CanadaN/A0.9N/AN/A0%
OthersN/AN/AN/AN/A0%
Total10.91.1N/A0.2-73.6%

Top Export Markets for Tanning Extracts of Vegetable Origin; Quebracho Extract from Hungary in 2022:

  1. Romania (1.0 kg)
  2. Netherlands (1.0 kg)

Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Hungary

For the third consecutive year, Hungary recorded decline in overseas purchases of tanning extracts of vegetable origin; quebracho extracts, which decreased by -99.7% to 3 kg in 2022. In general, imports saw a precipitous curtailment. The smallest decline of -53.7% was in 2021.

In value terms, imports of tanning extracts of vegetable origin; quebracho extracts dropped markedly to $24 in 2022. Over the period under review, imports saw a significant contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 2.4%.

Import of Tanning Extracts of Vegetable Origin; Quebracho Extract in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BulgariaN/AN/A6.1N/A0%
Germany5.60.1N/AN/A-98.2%
Austria12.84.6N/AN/A-64.1%
NetherlandsN/A1.6N/AN/A0%
RomaniaN/AN/AN/AN/A0%
OthersN/A1.72.0N/A17.6%
Total18.47.98.1N/A-33.7%

Top Suppliers of Tanning Extracts of Vegetable Origin; Quebracho Extract to Hungary in 2022:

  1. Romania (3.0 kg)

Source: IndexBox Market Intelligence Platform

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