Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Bangladesh - 2022
Contents:
- Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Bangladesh (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Bangladesh
Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Bangladesh (CIF) - 2022
The average import price for tanning extracts of vegetable origin; quebracho extracts stood at $2,107 per ton in 2022, with an increase of 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2016 an increase of 21% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Singapore ($2,360 per ton) and Argentina ($2,132 per ton), while the price for Italy ($1,574 per ton) and Switzerland ($2,068 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Bangladesh
In 2022, approx. 196 tons of tanning extracts of vegetable origin; quebracho extracts were imported into Bangladesh; shrinking by -78.1% on 2021 figures. In general, imports showed a sharp slump. The growth pace was the most rapid in 2021 when imports increased by 103%. As a result, imports reached the peak of 898 tons, and then shrank notably in the following year.
In value terms, imports of tanning extracts of vegetable origin; quebracho extracts contracted markedly to $413K in 2022. Over the period under review, imports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 102%. As a result, imports attained the peak of $1.8M, and then declined rapidly in the following year.
| Import of Tanning Extracts of Vegetable Origin; Quebracho Extract in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 449 | 426 | 755 | 273 | -15.3% |
| Argentina | 258 | 193 | 268 | 76.2 | -33.4% |
| Singapore | 447 | 260 | 723 | 50.9 | -51.5% |
| Italy | 6.6 | 10.6 | 58.1 | 5.4 | -6.5% |
| Others | 20.1 | 14.6 | 23.7 | 7.9 | -26.7% |
| Total | 1,181 | 905 | 1,828 | 413 | -29.5% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Quebracho Extract to Bangladesh in 2022:
- Switzerland (132.1 tons)
- Argentina (35.7 tons)
- Singapore (21.6 tons)
- Italy (3.4 tons)
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