Price for Article of Natural Cork in Bangladesh - 2022

Contents:

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

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

The average article of natural cork import price stood at $14,944 per ton in 2022, reducing by -27.7% against the previous year. Over the period under review, the import price showed a pronounced downturn. The pace of growth was the most pronounced in 2018 an increase of 99%. The import price peaked at $20,672 per ton in 2021, and then declined rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($45,969 per ton), while the price for China ($3,469 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average article of natural cork export price amounted to $25,013 per ton, growing by 129% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $26,167 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($41,219 per ton), while the average price for exports to France ($8,500 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 Slovenia (+542.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Article of Natural Cork in Bangladesh

In 2022, article of natural cork imports into Bangladesh skyrocketed to 2.7 tons, rising by 55% against the previous year. In general, imports, however, saw a noticeable setback.

In value terms, article of natural cork imports totaled $41K in 2022. Overall, imports enjoyed tangible growth. The growth pace was the most rapid in 2020 when imports increased by 76%. As a result, imports attained the peak of $67K. From 2021 to 2022, the growth of imports remained at a lower figure.

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

1. United Arab Emirates (2284.0 kg)
2. Germany (168.0 kg)
3. Portugal (162.0 kg)
4. China (32.0 kg)

Exports of Article of Natural Cork in Bangladesh

In 2022, after three years of growth, there was significant decline in shipments abroad of articles of natural cork, when their volume decreased by -20.3% to 157 kg. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 338%. As a result, the exports reached the peak of 197 kg, and then fell rapidly in the following year.

In value terms, article of natural cork exports soared to $3.9K in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 101% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Uruguay (46.0 kg)
2. Montenegro (40.0 kg)
3. Slovenia (32.0 kg)
4. United Arab Emirates (29.0 kg)
5. France (6.0 kg)

Source: IndexBox Market Intelligence Platform