Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in the UK - 2024

Contents:

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

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

In 2022, the average export price for tanning extracts of vegetable origin; quebracho extracts amounted to $4,522 per ton, surging by 11% against the previous year. Overall, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 87%. The export price peaked at $15,591 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Belgium ($13,830 per ton), while the average price for exports to Morocco ($1,898 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 Poland (+97.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for tanning extracts of vegetable origin; quebracho extracts amounted to $2,760 per ton, falling by -7.3% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 -35.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 91% against the previous year. As a result, import price reached the peak level of $4,304 per ton. From 2019 to 2022, the average import prices remained 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 China ($4,964 per ton), while the price for Switzerland ($2,403 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tanning Extracts of Vegetable Origin; Quebracho Extract in the UK

In 2022, the amount of tanning extracts of vegetable origin; quebracho extracts exported from the UK shrank notably to 85 tons, waning by -26.5% against 2021 figures. Over the period under review, exports, however, showed strong growth. The growth pace was the most rapid in 2021 when exports increased by 128% against the previous year. As a result, the exports attained the peak of 116 tons, and then fell significantly in the following year.

In value terms, exports of tanning extracts of vegetable origin; quebracho extracts shrank markedly to $384K in 2022. Overall, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2020 with an increase of 75%. As a result, the exports attained the peak of $776K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Poland (58.4 tons)
2. Germany (10.7 tons)
3. Czech Republic (2.8 tons)
4. Sri Lanka (2.7 tons)
5. Belgium (2.7 tons)
6. Morocco (2.6 tons)
7. Italy (1.6 tons)
8. India (1.0 tons)
9. Ireland (0.4 tons)

Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in the UK

In 2022, after three years of growth, there was decline in overseas purchases of tanning extracts of vegetable origin; quebracho extracts, when their volume decreased by -1.9% to 109 tons. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.6% 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 +75.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 42%.

In value terms, imports of tanning extracts of vegetable origin; quebracho extracts reduced to $302K in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +57.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 44%.

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

1. Argentina (46.9 tons)
2. Switzerland (36.9 tons)
3. Uruguay (18.4 tons)
4. Belgium (2.4 tons)
5. China (1.3 tons)
6. Germany (1.1 tons)

Source: IndexBox Market Intelligence Platform