Price for Article of Natural Cork in Saudi Arabia - 2021
Contents:
- Price for Article of Natural Cork in Saudi Arabia (CIF) - 2022
- Price for Article of Natural Cork in Saudi Arabia (FOB) - 2022
- Imports of Article of Natural Cork in Saudi Arabia
- Exports of Article of Natural Cork in Saudi Arabia
Price for Article of Natural Cork in Saudi Arabia (CIF) - 2022
In 2022, the average article of natural cork import price amounted to $3,789 per ton, waning by -21.7% against the previous year. Overall, import price indicated perceptible growth from 2017 to 2022: its price increased at an average annual rate of +4.6% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, article of natural cork import price increased by +55.9% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 46%. As a result, import price attained the peak level of $4,837 per ton, and then declined sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($47,541 per ton), while the price for Egypt ($2,156 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Article of Natural Cork in Saudi Arabia (FOB) - 2022
In 2022, the average article of natural cork export price amounted to $6,016 per ton, reducing by -3.7% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of 65% against the previous year. The export price peaked at $10,965 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($20,531 per ton), while the average price for exports to Turkey ($3,900 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 Bahrain (+1.8%), while the prices for the other major destinations experienced a decline.
Imports of Article of Natural Cork in Saudi Arabia
In 2022, imports of articles of natural cork into Saudi Arabia skyrocketed to 3.3K tons, increasing by 55% compared with 2021 figures. In general, imports, however, showed a perceptible reduction.
In value terms, article of natural cork imports soared to $12M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern.
| Import of Article of Natural Cork in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.7 | 8.4 | 3.1 | 6.7 | -4.5% |
| Egypt | N/A | 0.4 | 0.7 | 0.7 | 32.3% |
| United Arab Emirates | 0.3 | 0.3 | 0.6 | 0.7 | 32.6% |
| Others | 4.4 | 5.5 | 5.8 | 4.4 | 0.0% |
| Total | 12.4 | 14.6 | 10.2 | 12.4 | 0.0% |
Top Suppliers of Article of Natural Cork to Saudi Arabia in 2022:
- China (2750.6 tons)
- Egypt (317.8 tons)
- United Arab Emirates (74.2 tons)
Exports of Article of Natural Cork in Saudi Arabia
In 2022, approx. 138 tons of articles of natural cork were exported from Saudi Arabia; growing by 3.1% against the previous year. In general, exports, however, continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 50%.
In value terms, article of natural cork exports dropped to $829K in 2022. Over the period under review, exports, however, recorded a sharp curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 1.9% against the previous year.
| Export of Article of Natural Cork in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,600 | 140 | 468 | 464 | -33.8% |
| Bahrain | 759 | 328 | 116 | 187 | -37.3% |
| Yemen | 75.7 | 137 | 49.2 | 48.9 | -13.6% |
| Sudan | 158 | 112 | 40.0 | 39.8 | -36.8% |
| Others | 127 | 101 | 162 | 88.3 | -11.4% |
| Total | 2,721 | 819 | 834 | 829 | -32.7% |
Top Export Markets for Article of Natural Cork from Saudi Arabia in 2022:
- Turkey (119.1 tons)
- Bahrain (9.1 tons)
- Yemen (4.6 tons)
- Sudan (2.1 tons)
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