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

Contents:

  1. Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Morocco (CIF) - 2022
  2. Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Morocco

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

In 2022, the average import price for tanning extracts of vegetable origin; quebracho extracts amounted to $3,584 per ton, with an increase of 44% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% 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 increased by +102.3% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +5.9% per year.

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of tanning extracts of vegetable origin; quebracho extracts, when their volume decreased by -93.3% to 4 tons. In general, imports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 42% against the previous year. As a result, imports attained the peak of 60 tons, and then dropped notably in the following year.

In value terms, imports of tanning extracts of vegetable origin; quebracho extracts dropped notably to $14K in 2022. Over the period under review, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 100%. As a result, imports attained the peak of $148K, and then plummeted in the following year.

Import of Tanning Extracts of Vegetable Origin; Quebracho Extract in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina58.772.213514.3-37.5%
SpainN/AN/A12.9N/A0%
ChinaN/A1.9N/AN/A0%
France9.7N/AN/AN/A0%
Others2.9N/AN/AN/A0%
Total71.374.114814.3-41.5%

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

  1. Argentina (4.0 tons)

Source: IndexBox Market Intelligence Platform

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