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Hungary - Articles of Natural Cork and Agglomerated Cork - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCork Article Price in Hungary - 2023
Contents:
- Cork Article Price in Hungary (CIF) - 2023
- Cork Article Price in Hungary (FOB) - 2022
- Cork Article Imports in Hungary
- Cork Article Exports in Hungary
Cork Article Price in Hungary (CIF) - 2023
The average cork article import price stood at $13,510 per ton in August 2023, surging by 16% against the previous month. Overall, the import price continues to indicate a pronounced expansion. The pace of growth was the most pronounced in November 2022 when the average import price increased by 85% month-to-month. Over the period under review, average import prices reached the maximum at $19,752 per ton in May 2023; however, from June 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Austria ($31,479 per ton), while the price for Turkey ($3,383 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Cork Article Price in Hungary (FOB) - 2022
The average cork article export price stood at $9,791 per ton in 2022, rising by 9.9% against the previous year. Overall, the export price continues to indicate measured growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 68%. The export price peaked at $24,529 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($29,086 per ton), while the average price for exports to Serbia ($4,667 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Cork Article Imports in Hungary
In 2022, purchases abroad of cork articles decreased by -1.7% to 532 tons, falling for the second year in a row after two years of growth. Overall, imports showed a slight downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 11% against the previous year. As a result, imports attained the peak of 624 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cork article imports reached $5.5M in 2022. Over the period under review, imports recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 9.5% against the previous year.
Import of Cork Article in Hungary (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Portugal | 4,817 | 3,224 | 3,235 | 2,783 | -16.7% |
Austria | 389 | 334 | 371 | 598 | 15.4% |
Italy | 219 | 106 | 212 | 323 | 13.8% |
Germany | 493 | 315 | 431 | 259 | -19.3% |
China | 51.8 | 66.9 | 78.1 | 251 | 69.2% |
Poland | 177 | 245 | 328 | 228 | 8.8% |
Spain | 56.9 | 53.8 | 42.2 | 217 | 56.2% |
Romania | 0.3 | 1.0 | 25.3 | 87.1 | 562.2% |
Turkey | 5.1 | 20.2 | 30.6 | 65.9 | 134.7% |
Slovakia | 42.8 | 26.4 | 55.4 | 63.3 | 13.9% |
Czech Republic | 54.4 | 29.9 | 4.0 | 4.2 | -57.4% |
Others | 77.1 | 150 | 194 | 589 | 96.9% |
Total | 6,383 | 4,573 | 5,007 | 5,468 | -5.0% |
Top Suppliers of Cork Article to Hungary in 2022:
- Portugal (313.3 tons)
- China (41.4 tons)
- Austria (33.9 tons)
- Poland (30.1 tons)
- Germany (21.6 tons)
- Turkey (20.5 tons)
- Spain (19.1 tons)
- Italy (18.7 tons)
- Slovakia (11.1 tons)
- Romania (10.3 tons)
- Czech Republic (0.8 tons)
Cork Article Exports in Hungary
In 2022, after three years of growth, there was significant decline in overseas shipments of cork articles, when their volume decreased by -23.3% to 166 tons. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 96% against the previous year.
In value terms, cork article exports declined notably to $1.6M in 2022. Over the period under review, exports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports reached the peak of $1.9M, and then reduced dramatically in the following year.
Export of Cork Article in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 847 | 536 | 695 | 687 | -6.7% |
Poland | 510 | 544 | 629 | 328 | -13.7% |
Germany | 4.3 | 110 | 131 | 146 | 223.8% |
Slovakia | 89.6 | 70.4 | 88.4 | 114 | 8.4% |
Serbia | 57.3 | 87.1 | 46.4 | 70.1 | 7.0% |
Czech Republic | 36.3 | 49.6 | 60.3 | 50.5 | 11.6% |
Moldova | 69.6 | 18.6 | 87.2 | 23.8 | -30.1% |
Ukraine | 73.5 | 56.3 | 31.7 | 15.1 | -41.0% |
Others | 121 | 140 | 158 | 190 | 16.2% |
Total | 1,809 | 1,613 | 1,927 | 1,625 | -3.5% |
Top Export Markets for Cork Article from Hungary in 2022:
- Romania (71.9 tons)
- Poland (36.8 tons)
- Slovakia (15.9 tons)
- Serbia (15.0 tons)
- Czech Republic (8.3 tons)
- Germany (5.0 tons)
- Moldova (2.2 tons)
- Ukraine (0.8 tons)
This report provides an in-depth analysis of the cork article market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 16292250 - Corks and stoppers of natural cork
- Prodcom 16292290 - Articles of natural cork, others
- Prodcom 16292320 - Corks and stoppers, of agglomerated cork, for sparkling wine v.q.p.r.d. (including those with discs of natural cork)
- Prodcom 16292350 - Corks and stoppers, of agglomerated cork, for wine (excluding for sparkling wine v.q.p.r.d.)
- Prodcom 16292380 - Agglomerated cork - blocks, plates, sheets and strip, tiles of any shape, solid cylinders or discs including agglomerated expanded cork or burnt cork (excluding corks and stoppers)
- Prodcom 16292400 - Agglomerated cork, other articles of agglomerated cork, n.e.c.
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the cork article market in Hungary.
This report provides an in-depth analysis of the natural cork stopper market in Hungary.
This report provides an in-depth analysis of the global cork article market.
This report provides an in-depth analysis of the global natural cork stopper market.
This report provides an in-depth analysis of the cork article market in Hungary.
This report provides an in-depth analysis of the natural cork stopper market in Hungary.
This report provides an in-depth analysis of the global cork article market.
This report provides an in-depth analysis of the global natural cork stopper market.
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...
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
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
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...
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
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