Price for Article of Natural Cork in Kenya - 2021
Contents:
- Price for Article of Natural Cork in Kenya (CIF) - 2022
- Price for Article of Natural Cork in Kenya (FOB) - 2022
- Imports of Article of Natural Cork in Kenya
- Exports of Article of Natural Cork in Kenya
Price for Article of Natural Cork in Kenya (CIF) - 2022
The average article of natural cork import price stood at $9,075 per ton in 2022, with a decrease of -5% against the previous year. Overall, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2021 an increase of 10%. Over the period under review, average import prices attained the peak figure at $20,109 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($35,382 per ton), while the price for the United Arab Emirates stood at $7,697 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+29.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Article of Natural Cork in Kenya (FOB) - 2022
The average article of natural cork export price stood at $18,411 per ton in 2022, rising by 45% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of 76%. The export price peaked at $38,599 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($26,736 per ton), while the average price for exports to the United States ($16,337 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 Nigeria (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Article of Natural Cork in Kenya
In 2022, purchases abroad of articles of natural cork increased by 15% to 1.1 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a deep downturn.
In value terms, article of natural cork imports rose significantly to $9.9K in 2022. In general, imports, however, showed a sharp slump.
| Import of Article of Natural Cork in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 19.4 | 10.1 | 7.5 | 8.1 | -25.3% |
| China | 0.6 | 0.2 | 0.9 | 0.9 | 14.5% |
| Others | 0.5 | 0.6 | 0.7 | 0.9 | 21.6% |
| Total | 20.6 | 10.8 | 9.1 | 9.9 | -21.7% |
Top Suppliers of Article of Natural Cork to Kenya in 2022:
- United Arab Emirates (1052.0 kg)
- China (26.0 kg)
Exports of Article of Natural Cork in Kenya
In 2022, approx. 338 kg of articles of natural cork were exported from Kenya; waning by -20.7% compared with the previous year's figure. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 71% against the previous year.
In value terms, article of natural cork exports surged to $6.2K in 2022. Overall, exports recorded a deep reduction.
| Export of Article of Natural Cork in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.6 | 5.4 | 2.1 | 4.2 | -3.0% |
| Canada | 2.5 | 1.3 | 1.7 | 1.8 | -10.4% |
| Rwanda | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Nigeria | N/A | N/A | 1.5 | N/A | 0% |
| Switzerland | 1.1 | N/A | N/A | N/A | 0% |
| Sweden | 0.4 | N/A | N/A | N/A | 0% |
| Tanzania | N/A | 0.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.7 | 7.0 | 5.4 | 6.2 | -10.7% |
Top Export Markets for Article of Natural Cork from Kenya in 2022:
- United States (260.0 kg)
- Canada (68.0 kg)
- Rwanda (8.0 kg)
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