Price for Article of Natural Cork in New Zealand - 2023

Contents:

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

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

The average article of natural cork import price stood at $22,875 per ton in 2022, dropping by -12.2% against the previous year. Over the period under review, the import price saw a slight slump. The pace of growth was the most pronounced in 2015 an increase of 15%. The import price peaked at $30,722 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($29,130 per ton), while the price for the Netherlands ($9,529 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average article of natural cork export price stood at $12,829 per ton in 2022, reducing by -22.2% against the previous year. Over the period under review, the export price showed a noticeable contraction. The growth pace was the most rapid in 2015 an increase of 106%. Over the period under review, the average export prices hit record highs at $40,392 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($12,750 per ton), while the average price for exports to Fiji ($12,068 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 Portugal (+20.1%), while the prices for the other major destinations experienced a decline.

Imports of Article of Natural Cork in New Zealand

In 2022, the amount of articles of natural cork imported into New Zealand expanded slightly to 71 tons, picking up by 1.6% against the previous year's figure. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, article of natural cork imports dropped to $1.6M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 17% against the previous year.

Import of Article of Natural Cork in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia48998888081618.6%
Portugal4854867505997.3%
China55.859.981.199.721.3%
Germany71.77.830.845.6-14.0%
NetherlandsN/AN/AN/A11.40%
France89.796.310.410.0-51.9%
Spain22310811.6N/A-77.2%
Others10425.559.144.7-24.5%
Total1,5191,7711,8231,6262.3%

Top Suppliers of Article of Natural Cork to New Zealand in 2022:

  1. Australia (32.8 tons)
  2. Portugal (20.8 tons)
  3. China (10.0 tons)
  4. Germany (3.8 tons)
  5. Netherlands (1.2 tons)
  6. France (0.3 tons)

Exports of Article of Natural Cork in New Zealand

In 2022, overseas shipments of articles of natural cork decreased by -26.2% to 1.7 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 103% against the previous year.

In value terms, article of natural cork exports shrank markedly to $21K in 2022. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. As a result, the exports attained the peak of $53K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Article of Natural Cork in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia29.452.336.019.5-12.8%
TongaN/A0.2N/A1.1134.5%
FijiN/AN/A0.40.40.0%
OthersN/A0.60.70.3-29.3%
Total29.453.037.021.3-10.2%

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

  1. Australia (1530.0 kg)
  2. Tonga (88.0 kg)
  3. Fiji (29.0 kg)

Source: IndexBox Market Intelligence Platform

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