Price for Article of Natural Cork in China - 2023
Contents:
- Price for Article of Natural Cork in China (CIF) - 2023
- Price for Article of Natural Cork in China (FOB) - 2022
- Imports of Article of Natural Cork in China
- Exports of Article of Natural Cork in China
Price for Article of Natural Cork in China (CIF) - 2023
The average article of natural cork import price stood at $28,819 per ton in June 2023, dropping by -8.9% against the previous month. Over the period under review, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in April 2023 an increase of 119% m-o-m. As a result, import price attained the peak level of $38,780 per ton. From May 2023 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($269K per ton), while the price for Algeria ($7,809 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 (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Article of Natural Cork in China (FOB) - 2022
In 2022, the average article of natural cork export price amounted to $3,488 per ton, shrinking by -31.3% against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 47% against the previous year. As a result, the export price reached the peak level of $7,671 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Vietnam.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +17.2% per year.
Imports of Article of Natural Cork in China
In 2022, approx. 461 tons of articles of natural cork were imported into China; falling by -28% against the previous year. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports attained the peak of 640 tons, and then contracted notably in the following year.
In value terms, article of natural cork imports declined sharply to $7.2M in 2022. Overall, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +2.1% 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 +29.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. As a result, imports reached the peak of $9.6M, and then fell significantly in the following year.
| Import of Article of Natural Cork in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 2.1 | 3.0 | 6.1 | 4.5 | 28.9% |
| Algeria | 0.1 | 0.9 | 1.5 | 1.4 | 141.0% |
| Italy | 1.0 | 1.6 | 1.8 | 1.1 | 3.2% |
| United Arab Emirates | 3.4 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Total | 6.7 | 5.5 | 9.6 | 7.2 | 2.4% |
Top Suppliers of Article of Natural Cork to China in 2022:
- United Arab Emirates (undefined tons)
- Algeria (263.6 tons)
- Portugal (152.3 tons)
- Italy (43.5 tons)
Exports of Article of Natural Cork in China
For the fourth consecutive year, China recorded growth in shipments abroad of articles of natural cork, which increased by 43% to 884 tons in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 206%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, article of natural cork exports contracted slightly to $3.1M in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 122%. As a result, the exports reached the peak of $3.1M, and then reduced slightly in the following year.
| Export of Article of Natural Cork in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 87.0 | 344 | 1,668 | 2,387 | 201.6% |
| Mexico | N/A | 186 | 0.2 | 1.2 | -92.0% |
| United Arab Emirates | 183 | N/A | 210 | N/A | 7.1% |
| Myanmar | 43.0 | N/A | N/A | N/A | 0% |
| Others | 348 | 880 | 1,254 | 694 | 25.9% |
| Total | 661 | 1,410 | 3,132 | 3,082 | 67.1% |
Top Export Markets for Article of Natural Cork from China in 2022:
- Vietnam (834.1 tons)
- Mexico (0.3 tons)
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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...
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