Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Iraq - 2022
Contents:
- Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Iraq (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Iraq
Price for Tanning Extracts of Vegetable Origin; Quebracho Extract in Iraq (CIF) - 2022
In 2022, the average import price for tanning extracts of vegetable origin; quebracho extracts amounted to $4,442 per ton, jumping by 45% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 increased by +121.5% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 the UK ($25,828 per ton), while the price for Turkey ($1,979 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.7%).
Imports of Tanning Extracts of Vegetable Origin; Quebracho Extract in Iraq
In 2022, supplies from abroad of tanning extracts of vegetable origin; quebracho extracts decreased by -7.8% to 2 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.0% 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 +60.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 69% against the previous year. As a result, imports attained the peak of 2.1 tons, and then shrank in the following year.
In value terms, imports of tanning extracts of vegetable origin; quebracho extracts surged to $8.8K in 2022. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 76% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Tanning Extracts of Vegetable Origin; Quebracho Extract in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.2 | 2.5 | 3.0 | 3.1 | 12.1% |
| United Kingdom | N/A | N/A | N/A | 3.0 | 0% |
| Turkey | 0.7 | 1.3 | 3.6 | 2.7 | 56.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.9 | 3.7 | 6.6 | 8.8 | 44.8% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Quebracho Extract to Iraq in 2022:
- Turkey (1350.0 kg)
- United Arab Emirates (516.0 kg)
- United Kingdom (116.0 kg)
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