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

Contents:

  1. Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Turkey (CIF) - 2024
  2. Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Turkey (FOB) - 2022
  3. Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Turkey
  4. Exports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Turkey

Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Turkey (CIF) - 2024

The average import price for tanning extracts of vegetable origin; quebracho extracts stood at $2,260 per ton in September 2023, falling by -11.4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 7.2% month-to-month. As a result, import price attained the peak level of $2,552 per ton, and then dropped in the following month.

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

From January 2023 to September 2023, the rate of growth in terms of prices for Argentina amounted to -0.6% per month.

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

In 2022, the average export price for tanning extracts of vegetable origin; quebracho extracts amounted to $2,697 per ton, increasing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2016 an increase of 34% against the previous year. Over the period under review, the average export prices reached the maximum at $2,839 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Georgia ($2,974 per ton) and Uzbekistan ($2,841 per ton), while the average price for exports to Azerbaijan ($2,274 per ton) and Iran ($2,663 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of tanning extracts of vegetable origin; quebracho extracts imported into Turkey surged to 1.5K tons, jumping by 34% compared with the year before. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.6% 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 +68.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of tanning extracts of vegetable origin; quebracho extracts soared to $3.5M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +80.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Tanning Extracts of Vegetable Origin; Quebracho Extract in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina2.51.92.53.511.9%
OthersN/AN/AN/A0.10%
Total2.52.02.53.511.9%

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

  1. Argentina (1479.6 tons)

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

In 2022, exports of tanning extracts of vegetable origin; quebracho extracts from Turkey surged to 392 tons, with an increase of 230% compared with 2021. Over the period under review, exports posted a significant expansion. 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 soared to $1.1M in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Tanning Extracts of Vegetable Origin; Quebracho Extract in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
RussiaN/AN/A0.1667666900.0%
Azerbaijan76.295.394.095.77.9%
Uzbekistan52.235.763.379.815.2%
PolandN/AN/AN/A59.10%
Iran40.4N/A40.336.5-3.3%
IsraelN/AN/A40.336.3-9.9%
KazakhstanN/AN/AN/A24.60%
Georgia3.02.68.220.589.8%
Others2.07.532.539.4170.1%
Total1741412791,05882.5%

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

  1. Russia (242.8 tons)
  2. Azerbaijan (42.1 tons)
  3. Uzbekistan (28.1 tons)
  4. Poland (22.0 tons)
  5. Iran (13.7 tons)
  6. Israel (13.0 tons)
  7. Kazakhstan (9.1 tons)
  8. Georgia (6.9 tons)

Source: IndexBox Market Intelligence Platform

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