Price for Article of Natural Cork in Canada - 2023
Contents:
- Price for Article of Natural Cork in Canada (CIF) - 2023
- Price for Article of Natural Cork in Canada (FOB) - 2022
- Imports of Article of Natural Cork in Canada
- Exports of Article of Natural Cork in Canada
Price for Article of Natural Cork in Canada (CIF) - 2023
In June 2023, the average article of natural cork import price amounted to $20,187 per ton, picking up by 2.6% against the previous month. Over the period under review, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in April 2023 an increase of 356% month-to-month. Over the period under review, average import prices attained the maximum at $21,980 per ton in January 2023; however, from February 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Portugal ($23,223 per ton), while the price for Italy ($4,134 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Portugal (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Article of Natural Cork in Canada (FOB) - 2022
In 2022, the average article of natural cork export price amounted to $11,997 per ton, dropping by -13.2% against the previous year. Over the period under review, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 74%. As a result, the export price attained the peak level of $26,462 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($12,068 per ton) and China ($12,068 per ton), while the average price for exports to the United States ($11,849 per ton) and Maldives ($12,068 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-3.4%), while the prices for the other major destinations experienced a decline.
Imports of Article of Natural Cork in Canada
After three years of growth, overseas purchases of articles of natural cork decreased by -17.4% to 685 tons in 2022. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of 830 tons, and then declined sharply in the following year.
In value terms, article of natural cork imports surged to $9.2M in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Article of Natural Cork in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 5.3 | 5.7 | 4.1 | 5.5 | 1.2% |
| United States | 1.8 | 1.6 | 1.9 | 1.7 | -1.9% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Germany | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| China | 0.5 | 0.4 | 0.4 | 0.3 | -15.7% |
| Spain | 0.4 | 0.3 | 0.2 | 0.3 | -9.1% |
| Italy | 0.3 | 0.3 | 0.4 | 0.2 | -12.6% |
| Others | 0.2 | 0.6 | 0.4 | 0.5 | 35.7% |
| Total | 8.5 | 9.1 | 7.7 | 9.2 | 2.7% |
Top Suppliers of Article of Natural Cork to Canada in 2022:
- Portugal (437.2 tons)
- United States (99.9 tons)
- China (46.0 tons)
- Taiwan (Chinese) (32.6 tons)
- Germany (23.9 tons)
- Spain (13.5 tons)
- Italy (10.0 tons)
Exports of Article of Natural Cork in Canada
For the fourth year in a row, Canada recorded growth in overseas shipments of articles of natural cork, which increased by 22% to 83 tons in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 101%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, article of natural cork exports rose significantly to $997K in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Article of Natural Cork in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 530 | 460 | 674 | 477 | -3.5% |
| China | N/A | 0.5 | 190 | 214 | 1968.8% |
| Philippines | N/A | N/A | N/A | 184 | 0% |
| Maldives | N/A | N/A | N/A | 105 | 0% |
| United Arab Emirates | 12.4 | 202 | 70.0 | N/A | 137.6% |
| Others | 7.3 | 18.7 | 10.6 | 17.3 | 33.3% |
| Total | 550 | 681 | 945 | 997 | 21.9% |
Top Export Markets for Article of Natural Cork from Canada in 2022:
- United States (40.2 tons)
- China (17.8 tons)
- Philippines (15.2 tons)
- Maldives (8.7 tons)
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This report provides an in-depth analysis of the global natural cork stopper market.
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This report provides an in-depth analysis of the cork article market in Canada.
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This report provides an in-depth analysis of the natural cork stopper market in Canada.
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This report provides an in-depth analysis of the global cork article market.
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This report provides an in-depth analysis of the global natural cork stopper market.
342
As of June 2023, the cost of Natural Cork Stopper reached $26,343 per ton (CIF, Canada), experiencing a notable 11% increase compared to the previous month.
1985
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...
1688
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
1120
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
342
As of June 2023, the cost of Natural Cork Stopper reached $26,343 per ton (CIF, Canada), experiencing a notable 11% increase compared to the previous month.
1985
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...
1688
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
1120
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
