Price for Article of Natural Cork in Colombia - 2022

Contents:

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

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

In 2022, the average article of natural cork import price amounted to $15,251 per ton, surging by 7.2% against the previous year. In general, the import price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2015 an increase of 16% against the previous year. As a result, import price attained the peak level of $22,350 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($71,648 per ton), while the price for Chile ($2,487 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average article of natural cork export price stood at $30,542 per ton in 2022, with an increase of 2.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 185% against the previous year. Over the period under review, the average export prices reached the maximum at $65,453 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($48,473 per ton), while the average price for exports to Aruba ($5,953 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 the United States (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Article of Natural Cork in Colombia

In 2022, supplies from abroad of articles of natural cork increased by 0.1% to 7.1 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a drastic downturn.

In value terms, article of natural cork imports rose significantly to $108K in 2022. Overall, imports, however, showed a deep setback.

Import of Article of Natural Cork in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Portugal11661.018.019.6-44.7%
Spain13.610.27.414.82.9%
PolandN/AN/AN/A8.30%
Chile18.216.710.25.3-33.7%
China4.67.17.13.3-10.5%
France3.57.56.63.1-4.0%
Panama1.96.83.71.7-3.6%
Hong Kong SAR2.31.60.70.2-55.7%
Others19.34.747.251.939.1%
Total180116101108-15.7%

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

  1. Chile (2149.0 kg)
  2. Portugal (1214.0 kg)
  3. China (868.0 kg)
  4. Spain (207.0 kg)
  5. Poland (157.0 kg)
  6. Panama (146.0 kg)
  7. France (132.0 kg)
  8. Hong Kong SAR (28.0 kg)

Exports of Article of Natural Cork in Colombia

In 2022, overseas shipments of articles of natural cork were finally on the rise to reach 25 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a dramatic decrease.

In value terms, article of natural cork exports surged to $772 in 2022. Overall, exports, however, continue to indicate a deep contraction.

Export of Article of Natural Cork in Colombia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Panama751503287406-18.5%
Germany20736720929612.7%
United States27598.043.041.0-47.0%
Aruba16917.010.014.0-56.4%
Others17.03.08.015.0-4.1%
Total1,419988557772-18.4%

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

  1. Germany (12.0 kg)
  2. Panama (10.0 kg)
  3. Aruba (2.0 kg)
  4. United States (1.0 kg)

Source: IndexBox Market Intelligence Platform

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