Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Kuwait - 2022
Contents:
- Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Kuwait (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Kuwait
Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Kuwait (CIF) - 2022
The average import price for tanning extracts of vegetable origin; quebracho extracts stood at $2,311 per ton in 2022, with an increase of 41% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tanning extracts of vegetable origin; quebracho extracts decreased by -5.2% against 2020 indices. Over the period under review, average import prices reached the peak figure at $2,438 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Saudi Arabia ($3,388 per ton), while the price for the United Arab Emirates ($2,160 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Kuwait
In 2022, purchases abroad of tanning extracts of vegetable origin; quebracho extracts was finally on the rise to reach 2.5 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a sharp descent.
In value terms, imports of tanning extracts of vegetable origin; quebracho extracts surged to $5.8K in 2022. In general, imports, however, recorded a dramatic contraction.
| Import of Tanning Extracts of Vegetable Origin; Quebracho Extract in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 19.4 | 4.1 | 2.3 | 4.0 | -40.9% |
| Egypt | 12.9 | 1.0 | 0.5 | 1.4 | -52.3% |
| Saudi Arabia | 3.6 | 0.6 | 0.3 | 0.5 | -48.2% |
| Others | N/A | 0.3 | N/A | N/A | 0% |
| Total | 35.9 | 6.1 | 3.1 | 5.8 | -45.5% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Quebracho Extract to Kuwait in 2022:
- United Arab Emirates (1845.0 kg)
- Egypt (539.0 kg)
- Saudi Arabia (139.0 kg)
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