Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Norway - 2024
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Norway (CIF) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Norway
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Norway (CIF) - 2022
In 2022, the average import price for tanning extracts of vegetable origin; wattle extracts amounted to $2,231 per ton, surging by 3.6% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% 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; wattle extracts decreased by -39.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 77%. As a result, import price reached the peak level of $3,708 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($2,490 per ton), while the price for Sweden totaled $1,719 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Norway
In 2022, approx. 97 tons of tanning extracts of vegetable origin; wattle extracts were imported into Norway; with an increase of 480% compared with 2021. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,995%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts soared to $216K in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,278%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.2 | N/A | N/A | 159 | 826.4% |
| Sweden | 0.9 | 1.5 | 0.3 | 56.7 | 297.9% |
| Brazil | 38.5 | N/A | 34.7 | N/A | -5.1% |
| Others | 1.1 | N/A | 0.9 | 0.5 | -23.1% |
| Total | 40.7 | 1.5 | 36.0 | 216 | 74.4% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Norway in 2022:
- Japan (63.9 tons)
- Sweden (33.0 tons)
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