Price for Article of Natural Cork in Singapore - 2022
Contents:
- Price for Article of Natural Cork in Singapore (CIF) - 2022
- Price for Article of Natural Cork in Singapore (FOB) - 2022
- Imports of Article of Natural Cork in Singapore
- Exports of Article of Natural Cork in Singapore
Price for Article of Natural Cork in Singapore (CIF) - 2022
The average article of natural cork import price stood at $12,874 per ton in 2022, declining by -28.1% against the previous year. Overall, the import price, however, posted pronounced growth. The growth pace was the most rapid in 2014 an increase of 72%. The import price peaked at $17,916 per ton in 2021, and then declined sharply in the following year.
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 the United Arab Emirates ($12,984 per ton), while the price for Germany ($8,407 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Article of Natural Cork in Singapore (FOB) - 2022
In 2022, the average article of natural cork export price amounted to $8,867 per ton, with a decrease of -20.6% against the previous year. In general, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2015 when the average export price increased by 56% against the previous year. As a result, the export price reached the peak level of $20,276 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
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 Hong Kong SAR ($34,620 per ton), while the average price for exports to Indonesia ($2,813 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 India (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Article of Natural Cork in Singapore
In 2022, overseas purchases of articles of natural cork decreased by -59.8% to 40 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 73% against the previous year. As a result, imports attained the peak of 103 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, article of natural cork imports declined rapidly to $512K in 2022. Over the period under review, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 when imports increased by 87%.
| Import of Article of Natural Cork in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 432 | 977 | 751 | 441 | 0.7% |
| United Arab Emirates | 40.6 | 105 | 5.0 | 31.5 | -8.1% |
| Portugal | 43.5 | 2.6 | 10.7 | 11.6 | -35.6% |
| Germany | 25.1 | 1.2 | 0.5 | 5.5 | -39.7% |
| Others | 55.9 | 30.1 | 1,007 | 22.8 | -25.8% |
| Total | 597 | 1,116 | 1,775 | 512 | -5.0% |
Top Suppliers of Article of Natural Cork to Singapore in 2022:
- China (34.1 tons)
- United Arab Emirates (2.4 tons)
- Portugal (1.1 tons)
- Germany (0.7 tons)
Exports of Article of Natural Cork in Singapore
In 2022, exports of articles of natural cork from Singapore soared to 78 tons, surging by 367% against 2021 figures. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 508% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, article of natural cork exports skyrocketed to $694K in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 297% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Article of Natural Cork in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 22.9 | 28.5 | 97.0 | 288 | 132.6% |
| United Arab Emirates | 26.1 | 12.0 | 40.0 | 119 | 65.8% |
| Thailand | 0.1 | 138 | 0.1 | 88.9 | 861.5% |
| Indonesia | 1.1 | 17.0 | 19.6 | 58.2 | 275.4% |
| India | 72.4 | N/A | N/A | 56.7 | -7.8% |
| Philippines | 0.4 | 1.1 | 5.4 | 16.1 | 242.7% |
| Australia | 0.1 | 1.0 | 4.2 | 12.5 | 400.0% |
| Taiwan (Chinese) | N/A | 289 | N/A | N/A | 0% |
| Others | 6.8 | 28.7 | 20.7 | 53.9 | 99.4% |
| Total | 130 | 515 | 187 | 694 | 74.8% |
Top Export Markets for Article of Natural Cork from Singapore in 2022:
- Malaysia (38.1 tons)
- Indonesia (20.7 tons)
- United Arab Emirates (5.4 tons)
- Thailand (4.5 tons)
- Philippines (3.5 tons)
- Australia (2.3 tons)
- India (2.0 tons)
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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
