Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Thailand - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Thailand (CIF) - 2022
- Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Thailand (FOB) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Thailand
- Exports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Thailand
Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Thailand (CIF) - 2022
The average import price for tanning extracts of vegetable origin; quebracho extracts stood at $2,494 per ton in 2022, with an increase of 3.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2018 when the average import price increased by 11% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2,888 per ton), while the price for India ($2,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Thailand (FOB) - 2022
The average export price for tanning extracts of vegetable origin; quebracho extracts stood at $2,459 per ton in 2022, dropping by -14.6% against the previous year. Overall, the export price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 50%. The export price peaked at $5,506 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Lao People's Democratic Republic.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +22.8% per year.
Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Thailand
In 2022, overseas purchases of tanning extracts of vegetable origin; quebracho extracts were finally on the rise to reach 62 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt curtailment.
In value terms, imports of tanning extracts of vegetable origin; quebracho extracts soared to $156K in 2022. Overall, imports, however, continue to indicate a deep contraction.
| Import of Tanning Extracts of Vegetable Origin; Quebracho Extract in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 203 | 138 | 102 | 149 | -9.8% |
| Others | 6.8 | 11.7 | 2.9 | 6.5 | -1.5% |
| Total | 209 | 150 | 105 | 156 | -9.3% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Quebracho Extract to Thailand in 2022:
- Argentina (61.5 tons)
Exports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Thailand
In 2022, overseas shipments of tanning extracts of vegetable origin; quebracho extracts decreased by -66.1% to 1.9 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 664%. As a result, the exports attained the peak of 6.2 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of tanning extracts of vegetable origin; quebracho extracts declined significantly to $4.6K in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 784%. As a result, the exports attained the peak of $16K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Tanning Extracts of Vegetable Origin; Quebracho Extract in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 1.8 | 5.8 | 1.7 | 4.6 | 36.7% |
| China | N/A | 10.2 | 5.4 | N/A | -47.1% |
| Indonesia | N/A | N/A | 8.6 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.8 | 16.0 | 15.7 | 4.6 | 36.7% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Quebracho Extract from Thailand in 2022:
- Lao People's Democratic Republic (1.9 tons)
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