Price for Article of Natural Cork in Indonesia - 2022

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

In March 2022, the average article of natural cork import price amounted to $12,490 per ton, shrinking by -8.4% against the previous month. Over the period under review, the import price saw a noticeable downturn. The pace of growth appeared the most rapid in May 2021 when the average import price increased by 70% against the previous month. The import price peaked at $17,047 per ton in March 2021; however, from April 2021 to March 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Hong Kong SAR ($23,331 per ton), while the price for China ($4,560 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Singapore (+26.0%), while the prices for the other major suppliers experienced a decline.

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

The average article of natural cork export price stood at $10,520 per ton in 2022, waning by -17.8% against the previous year. Over the period under review, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 30%. Over the period under review, the average export prices reached the maximum at $41,571 per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Singapore ($48,445 per ton), while the average price for exports to Timor-Leste stood at $6,717 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-3.4%), while the prices for the other major destinations experienced a decline.

Imports of Article of Natural Cork in Indonesia

Article of natural cork imports into Indonesia surged to 492 tons in 2022, rising by 44% against the year before. In general, imports recorded significant growth. 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 soared to $6.4M in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Article of Natural Cork in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hong Kong SAR	1,706	2,646	3,708	4,821	41.4%
China	373	505	825	1,072	42.2%
Singapore	27.6	42.6	32.4	43.6	16.5%
Malaysia	48.9	2.2	0.3	21.8	-23.6%
Others	601	189	250	441	-9.8%
Total	2,757	3,385	4,816	6,400	32.4%

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

Hong Kong SAR (225.1 tons)
China (193.3 tons)
Singapore (33.4 tons)
Malaysia (15.3 tons)

Exports of Article of Natural Cork in Indonesia

In 2022, approx. 1.9 tons of articles of natural cork were exported from Indonesia; with an increase of 197% on the previous year. Over the period under review, exports, however, showed a pronounced downturn.

In value terms, article of natural cork exports soared to $20K in 2022. Overall, exports recorded a modest increase.