Price for Article of Natural Cork in Panama - 2023
Contents:
- Price for Article of Natural Cork in Panama (CIF) - 2022
- Price for Article of Natural Cork in Panama (FOB) - 2022
- Imports of Article of Natural Cork in Panama
- Exports of Article of Natural Cork in Panama
Price for Article of Natural Cork in Panama (CIF) - 2022
The average article of natural cork import price stood at $13,610 per ton in 2022, declining by -1.6% against the previous year. Overall, the import price, however, showed resilient growth. The growth pace was the most rapid in 2015 an increase of 252%. The import price peaked at $22,160 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($14,208 per ton), while the price for Free Zones ($4,259 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Article of Natural Cork in Panama (FOB) - 2022
The average article of natural cork export price stood at $31,049 per ton in 2022, rising by 13% against the previous year. Over the period under review, the export price showed a strong expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 155%. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($57,827 per ton), while the average price for exports to Colombia totaled $30,923 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+67.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Article of Natural Cork in Panama
Article of natural cork imports into Panama skyrocketed to 38 tons in 2022, growing by 87% compared with the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern.
In value terms, article of natural cork imports surged to $514K in 2022. In general, imports, however, faced a deep contraction.
| Import of Article of Natural Cork in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 636 | 420 | 221 | 481 | -8.9% |
| China | 28.6 | 13.1 | 4.7 | 11.6 | -26.0% |
| United States | 4.9 | 2.8 | 14.4 | 10.2 | 27.7% |
| Free Zones | 8.1 | 7.3 | 15.9 | 4.8 | -16.0% |
| Spain | 96.0 | 158 | 1.3 | 1.8 | -73.4% |
| Others | 26.5 | 65.8 | 22.7 | 5.4 | -41.2% |
| Total | 800 | 668 | 280 | 514 | -13.7% |
Top Suppliers of Article of Natural Cork to Panama in 2022:
- Portugal (33.8 tons)
- China (1.2 tons)
- Free Zones (1.1 tons)
- United States (1.0 tons)
- Spain (0.1 tons)
Exports of Article of Natural Cork in Panama
In 2022, shipments abroad of articles of natural cork decreased by -0.3% to 8.9 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 4,453%. As a result, the exports reached the peak of 51 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, article of natural cork exports rose significantly to $276K in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 3,883% against the previous year. As a result, the exports attained the peak of $1.2M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Article of Natural Cork in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 6.4 | 9.7 | 109 | 122 | 167.1% |
| Costa Rica | 3.9 | 2.2 | 31.5 | 36.4 | 110.5% |
| Barbados | N/A | 3.7 | N/A | N/A | 0% |
| Free Zones | N/A | 1,103 | N/A | N/A | 0% |
| Dominican Republic | N/A | 78.6 | N/A | N/A | 0% |
| Others | 20.2 | 18.0 | 105 | 118 | 80.1% |
| Total | 30.5 | 1,215 | 246 | 276 | 108.4% |
Top Export Markets for Article of Natural Cork from Panama in 2022:
- Colombia (3.9 tons)
- Costa Rica (0.6 tons)
128
This report provides an in-depth analysis of the cork article market in Panama.
87
This report provides an in-depth analysis of the natural cork stopper market in Panama.
2708
This report provides an in-depth analysis of the global cork article market.
1090
This report provides an in-depth analysis of the global natural cork stopper market.
128
This report provides an in-depth analysis of the cork article market in Panama.
87
This report provides an in-depth analysis of the natural cork stopper market in Panama.
2708
This report provides an in-depth analysis of the global cork article market.
1090
This report provides an in-depth analysis of the global natural cork stopper market.
1999
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...
1696
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
1128
Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was
1999
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...
1696
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
1128
Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was
