Price for Article of Natural Cork in Argentina - 2023

Contents:

  1. Price for Article of Natural Cork in Argentina (CIF) - 2022
  2. Price for Article of Natural Cork in Argentina (FOB) - 2022
  3. Imports of Article of Natural Cork in Argentina
  4. Exports of Article of Natural Cork in Argentina

Price for Article of Natural Cork in Argentina (CIF) - 2022

The average article of natural cork import price stood at $31,805 per ton in 2022, waning by -60.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 48%. Over the period under review, average import prices reached the maximum at $80,807 per ton in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($69,556 per ton), while the price for Spain ($8,338 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+9.4%), while the prices for the other major suppliers experienced a decline.

Price for Article of Natural Cork in Argentina (FOB) - 2022

The average article of natural cork export price stood at $17,160 per ton in 2022, shrinking by -35.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices attained the maximum at $64,322 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($42,440 per ton), while the average price for exports to Paraguay ($4,010 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 Paraguay (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Article of Natural Cork in Argentina

In 2022, the amount of articles of natural cork imported into Argentina skyrocketed to 273 tons, growing by 76% against 2021. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, article of natural cork imports plummeted to $8.7M in 2022. In general, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 31%. As a result, imports attained the peak of $13M, and then declined sharply in the following year.

Import of Article of Natural Cork in Argentina (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Portugal10.09.05.42.7-35.4%
SpainN/AN/AN/A1.50%
Chile0.50.30.10.1-41.5%
Others0.30.37.04.4144.8%
Total10.79.612.58.7-6.7%

Top Suppliers of Article of Natural Cork to Argentina in 2022:

  1. Spain (176.7 tons)
  2. Portugal (38.8 tons)
  3. Chile (0.7 tons)

Exports of Article of Natural Cork in Argentina

In 2022, approx. 4.8 tons of articles of natural cork were exported from Argentina; rising by 144% on the previous year. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 276%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, article of natural cork exports skyrocketed to $82K in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 230%. As a result, the exports attained the peak of $112K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Article of Natural Cork in Argentina (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy22.869.635.632.412.4%
Ecuador2.412.84.74.826.0%
ParaguayN/A0.20.34.2358.3%
United States0.75.03.53.469.4%
Chile2.29.82.82.65.7%
Peru1.14.71.31.10.0%
Uruguay0.83.10.80.6-9.1%
Portugal2.23.40.30.3-48.5%
Others1.73.02.132.3166.8%
Total33.911251.581.634.0%

Top Export Markets for Article of Natural Cork from Argentina in 2022:

  1. Italy (1902.0 kg)
  2. Paraguay (1040.0 kg)
  3. United States (254.0 kg)
  4. Ecuador (112.0 kg)
  5. Chile (107.0 kg)
  6. Portugal (67.0 kg)
  7. Uruguay (37.0 kg)
  8. Peru (30.0 kg)

Source: IndexBox Market Intelligence Platform

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