Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Azerbaijan - 2023
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Azerbaijan (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Azerbaijan
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Azerbaijan (CIF) - 2022
In 2022, the average import price for tanning extracts of vegetable origin; wattle extracts amounted to $2,246 per ton, waning by -20.1% against the previous year. Overall, the import price continues to indicate a mild contraction. The growth pace was the most rapid in 2018 when the average import price increased by 47%. The import price peaked at $2,809 per ton in 2021, and then declined notably in the following year.
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 France ($3,608 per ton), while the price for South Africa stood at $1,560 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Azerbaijan
In 2022, supplies from abroad of tanning extracts of vegetable origin; wattle extracts decreased by -54.2% to 26 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a deep reduction. The growth pace was the most rapid in 2021 with an increase of 55%. As a result, imports reached the peak of 58 tons, and then contracted markedly in the following year.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts reduced notably to $59K in 2022. In general, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by 75%. As a result, imports attained the peak of $162K, and then shrank sharply in the following year.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 50.7 | 50.3 | 119 | 31.8 | -14.4% |
| South Africa | 19.6 | 21.9 | 21.4 | 27.2 | 11.5% |
| Turkey | 18.6 | 18.8 | 20.5 | N/A | 5.0% |
| Others | 0.8 | 1.4 | 0.7 | 0.4 | -20.6% |
| Total | 89.7 | 92.4 | 162 | 59.4 | -12.8% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Azerbaijan in 2022:
- South Africa (17.4 tons)
- France (8.8 tons)
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