Price for Article of Natural Cork in Portugal - 2023
Contents:
- Price for Article of Natural Cork in Portugal (FOB) - 2023
- Price for Article of Natural Cork in Portugal (CIF) - 2023
- Exports of Article of Natural Cork in Portugal
- Imports of Article of Natural Cork in Portugal
Price for Article of Natural Cork in Portugal (FOB) - 2023
In July 2023, the average article of natural cork export price amounted to $44,442 per ton, waning by -2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in December 2022 when the average export price increased by 28% m-o-m. The export price peaked at $45,664 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Italy ($78,413 per ton), while the average price for exports to Switzerland ($9,237 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Article of Natural Cork in Portugal (CIF) - 2023
In July 2023, the average article of natural cork import price amounted to $14,511 per ton, reducing by -25.6% against the previous month. Overall, import price indicated a mild expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, article of natural cork import price increased by +29.2% against May 2023 indices. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 92% m-o-m. As a result, import price reached the peak level of $23,182 per ton. From September 2022 to July 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Algeria ($39,259 per ton), while the price for Spain ($8,455 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Article of Natural Cork in Portugal
In 2022, the amount of articles of natural cork exported from Portugal reduced slightly to 14K tons, remaining stable against 2021 figures. Overall, exports saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 1.7% against the previous year.
In value terms, article of natural cork exports stood at $549M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 11%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Article of Natural Cork in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 121 | 133 | 135 | 138 | 4.5% |
| France | 107 | 103 | 111 | 120 | 3.9% |
| Spain | 60.1 | 52.1 | 67.7 | 66.0 | 3.2% |
| Italy | 44.4 | 39.3 | 48.2 | 53.7 | 6.5% |
| Mexico | 22.3 | 29.5 | 37.6 | 37.4 | 18.8% |
| United Kingdom | 33.1 | 23.2 | 26.1 | 29.6 | -3.7% |
| Germany | 17.3 | 14.2 | 15.3 | 14.8 | -5.1% |
| Chile | 19.7 | 16.2 | 20.5 | 11.3 | -16.9% |
| Switzerland | 8.3 | 8.1 | 9.8 | 9.8 | 5.7% |
| China | 4.3 | 4.1 | 6.1 | 5.8 | 10.5% |
| Russia | 4.5 | 4.0 | 0.9 | 0.4 | -55.4% |
| Others | 67.9 | 60.3 | 64.2 | 61.8 | -3.1% |
| Total | 510 | 487 | 542 | 549 | 2.5% |
Top Export Markets for Article of Natural Cork from Portugal in 2022:
- Russia (undefinedK tons)
- France (2.8K tons)
- United States (2.3K tons)
- Spain (1.8K tons)
- Switzerland (1.3K tons)
- Italy (0.9K tons)
- Mexico (0.8K tons)
- United Kingdom (0.8K tons)
- China (0.5K tons)
- Germany (0.4K tons)
- Chile (0.3K tons)
Imports of Article of Natural Cork in Portugal
In 2022, overseas purchases of articles of natural cork were finally on the rise to reach 1.7K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt downturn.
In value terms, article of natural cork imports surged to $31M in 2022. In general, imports, however, recorded a perceptible slump.
| Import of Article of Natural Cork in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 12.0 | 7.6 | 4.6 | 8.5 | -10.9% |
| Spain | 5.0 | 3.5 | 5.7 | 6.6 | 9.7% |
| Italy | 5.0 | 3.1 | 4.8 | 6.2 | 7.4% |
| Tunisia | 2.3 | 2.3 | 1.3 | 3.1 | 10.5% |
| Algeria | 0.9 | 0.6 | 0.8 | 1.8 | 26.0% |
| United States | 3.9 | 3.6 | 1.6 | 1.4 | -28.9% |
| France | 1.4 | 1.4 | 1.7 | 1.1 | -7.7% |
| Hungary | 2.8 | N/A | N/A | N/A | 0% |
| Others | 2.4 | 1.9 | 2.6 | 2.0 | -5.9% |
| Total | 35.8 | 24.0 | 23.1 | 30.8 | -4.9% |
Top Suppliers of Article of Natural Cork to Portugal in 2022:
- Spain (574.0 tons)
- Morocco (478.4 tons)
- Tunisia (198.4 tons)
- Italy (135.6 tons)
- Algeria (101.6 tons)
- France (55.1 tons)
- United States (49.5 tons)
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This report provides an in-depth analysis of the cork article market in Portugal.
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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...
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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
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