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

Contents:

1. Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Italy (CIF) - 2023
2. Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Italy (FOB) - 2022
3. Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Italy
4. Exports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Italy

Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Italy (CIF) - 2023

In September 2023, the average import price for tanning extracts of vegetable origin; quebracho extracts amounted to $2,974 per ton, which is down by -25.4% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 47% m-o-m. As a result, import price reached the peak level of $3,988 per ton, and then fell markedly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Argentina ($3,291 per ton), while the price for India amounted to $1,922 per ton.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Argentina (+0.9%).

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

In 2022, the average export price for tanning extracts of vegetable origin; quebracho extracts amounted to $4,155 per ton, which is down by -5.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 37% against the previous year. As a result, the export price reached the peak level of $4,773 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($12,884 per ton), while the average price for exports to Bangladesh ($1,483 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 China (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of tanning extracts of vegetable origin; quebracho extracts into Italy soared to 7.8K tons, growing by 17% on 2021 figures. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +4.1% 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 +59.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of tanning extracts of vegetable origin; quebracho extracts skyrocketed to $20M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.8% 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 +66.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Imports peaked in 2022 and are likely to see steady growth in years to come.

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

1. Argentina (7.1K tons)
2. India (0.6K tons)

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

In 2022, exports of tanning extracts of vegetable origin; quebracho extracts from Italy soared to 653 tons, with an increase of 34% compared with the previous year's figure. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of tanning extracts of vegetable origin; quebracho extracts skyrocketed to $2.7M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

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

1. Nigeria (99.4 tons)
2. France (93.4 tons)
3. Belgium (91.8 tons)
4. Spain (64.7 tons)
5. Colombia (48.1 tons)
6. Bangladesh (25.0 tons)
7. Russia (23.5 tons)
8. China (20.1 tons)
9. Dominican Republic (18.1 tons)
10. Ukraine (16.6 tons)
11. India (14.6 tons)
12. United States (13.3 tons)
13. Tunisia (13.0 tons)

Source: IndexBox Market Intelligence Platform