Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Belgium - 2023

Contents:

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

Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Belgium (CIF) - 2022

The average import price for tanning extracts of vegetable origin; wattle extracts stood at $1,558 per ton in 2022, with a decrease of -1.7% against the previous year. Overall, the import price recorded a mild decrease. The pace of growth was the most pronounced in 2019 an increase of 6.3% against the previous year. Over the period under review, average import prices attained the peak figure at $1,890 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($1,828 per ton), while the price for South Africa stood at $1,482 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-1.3%), while the prices for the other major suppliers experienced a decline.

Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Belgium (FOB) - 2022

In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $9,619 per ton, increasing by 49% against the previous year. Overall, the export price continues to indicate a strong expansion. The growth pace was the most rapid in 2017 when the average export price increased by 77% against the previous year. Over the period under review, the average export prices hit record highs at $11,000 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($12,200 per ton) and Luxembourg ($11,741 per ton), while the average price for exports to France ($9,367 per ton) and Canada ($11,699 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 France (+30.4%).

Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Belgium

In 2022, overseas purchases of tanning extracts of vegetable origin; wattle extracts increased by 15% to 226 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt shrinkage.

In value terms, imports of tanning extracts of vegetable origin; wattle extracts expanded notably to $352K in 2022. Over the period under review, imports, however, showed a dramatic slump.

Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Belgium in 2022:

1. South Africa (190.9 tons)
2. France (33.5 tons)
3. Netherlands (0.6 tons)

Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Belgium

In 2022, exports of tanning extracts of vegetable origin; wattle extracts from Belgium skyrocketed to 8.6 tons, with an increase of 425% on the previous year. Overall, exports, however, faced a dramatic shrinkage.

In value terms, exports of tanning extracts of vegetable origin; wattle extracts skyrocketed to $83K in 2022. In general, exports, however, faced a dramatic curtailment.

Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Belgium in 2022:

1. France (7.7 tons)
2. Canada (0.7 tons)
3. Luxembourg (0.2 tons)

Source: IndexBox Market Intelligence Platform