Price for Article of Natural Cork in Mexico - 2023
Contents:
- Price for Article of Natural Cork in Mexico (CIF) - 2022
- Price for Article of Natural Cork in Mexico (FOB) - 2022
- Imports of Article of Natural Cork in Mexico
- Exports of Article of Natural Cork in Mexico
Price for Article of Natural Cork in Mexico (CIF) - 2022
In 2022, the average article of natural cork import price amounted to $37,070 per ton, declining by -3.9% against the previous year. Over the period under review, the import price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2014 an increase of 26% against the previous year. The import price peaked at $46,045 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($83,785 per ton), while the price for France ($21,239 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 States (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Article of Natural Cork in Mexico (FOB) - 2022
In 2022, the average article of natural cork export price amounted to $20,393 per ton, which is down by -4.5% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, article of natural cork export price decreased by -10.0% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 55% against the previous year. Over the period under review, the average export prices reached the maximum at $30,440 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +9.9% per year.
Imports of Article of Natural Cork in Mexico
Article of natural cork imports into Mexico totaled 1.3K tons in 2022, with an increase of 6.5% against 2021. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.1% 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 +60.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, article of natural cork imports amounted to $48M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Article of Natural Cork in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 26.5 | 29.9 | 39.4 | 37.1 | 11.9% |
| United States | 2.8 | 3.7 | 4.4 | 5.1 | 22.1% |
| Spain | 2.9 | 2.9 | 2.5 | 4.6 | 16.6% |
| Others | 0.5 | 0.9 | 0.6 | 1.2 | 33.9% |
| Total | 32.8 | 37.3 | 46.9 | 48.0 | 13.5% |
Top Suppliers of Article of Natural Cork to Mexico in 2022:
- Portugal (985.4 tons)
- Spain (207.3 tons)
- United States (60.7 tons)
Exports of Article of Natural Cork in Mexico
In 2022, overseas shipments of articles of natural cork decreased by -90.9% to 14 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a sharp contraction. The pace of growth was the most pronounced in 2020 with an increase of 43%.
In value terms, article of natural cork exports shrank significantly to $286K in 2022. Over the period under review, exports saw a sharp descent. The pace of growth was the most pronounced in 2020 when exports increased by 40%.
| Export of Article of Natural Cork in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,301 | 1,541 | 2,781 | 286 | -39.6% |
| Costa Rica | 126 | 41.4 | 13.5 | N/A | -67.3% |
| Portugal | 433 | 592 | 66.8 | N/A | -60.7% |
| Qatar | 219 | 237 | 32.3 | N/A | -61.6% |
| Canada | 26.2 | 410 | 216 | N/A | 187.1% |
| Others | 70.6 | 226 | 189 | N/A | 63.6% |
| Total | 2,176 | 3,048 | 3,298 | 286 | -49.2% |
Top Export Markets for Article of Natural Cork from Mexico in 2022:
- United States (14.0 tons)
437
This report provides an in-depth analysis of the cork article market in Mexico.
477
This report provides an in-depth analysis of the natural cork stopper market in Mexico.
2536
This report provides an in-depth analysis of the global cork article market.
1064
This report provides an in-depth analysis of the global natural cork stopper market.
437
This report provides an in-depth analysis of the cork article market in Mexico.
477
This report provides an in-depth analysis of the natural cork stopper market in Mexico.
2536
This report provides an in-depth analysis of the global cork article market.
1064
This report provides an in-depth analysis of the global natural cork stopper market.
1881
In 2016, approx. X tons of natural cork were imported worldwide- lowering by -X% against the previous year level. In general, natural cork imports continue to indicate a relatively flat trend pa...
1583
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
1105
Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was
1881
In 2016, approx. X tons of natural cork were imported worldwide- lowering by -X% against the previous year level. In general, natural cork imports continue to indicate a relatively flat trend pa...
1583
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
1105
Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was
