Price for Article of Natural Cork in the Dominican Republic - 2023
Contents:
- Price for Article of Natural Cork in the Dominican Republic (CIF) - 2022
- Price for Article of Natural Cork in the Dominican Republic (FOB) - 2022
- Imports of Article of Natural Cork in the Dominican Republic
- Exports of Article of Natural Cork in the Dominican Republic
Price for Article of Natural Cork in the Dominican Republic (CIF) - 2022
In 2022, the average article of natural cork import price amounted to $24,384 per ton, with an increase of 1.9% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, article of natural cork import price decreased by -36.4% against 2017 indices. The pace of growth appeared the most rapid in 2016 an increase of 40%. Over the period under review, average import prices reached the maximum at $38,328 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 Panama ($92,794 per ton), while the price for China ($1,693 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Article of Natural Cork in the Dominican Republic (FOB) - 2022
In 2022, the average article of natural cork export price amounted to $95,331 per ton, with an increase of 31% against the previous year. In general, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 42%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($95,842 per ton), while the average price for exports to Portugal totaled $74,306 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+10.8%).
Imports of Article of Natural Cork in the Dominican Republic
After three years of growth, purchases abroad of articles of natural cork decreased by -29.3% to 68 tons in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 169%. As a result, imports reached the peak of 96 tons, and then declined sharply in the following year.
In value terms, article of natural cork imports fell significantly to $1.7M in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 127%. As a result, imports reached the peak of $2.3M, and then dropped remarkably in the following year.
| Import of Article of Natural Cork in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 787 | 702 | 1,005 | 726 | -2.7% |
| United States | 5.1 | 27.3 | 279 | 54.3 | 120.0% |
| China | 24.6 | 14.8 | 59.0 | 39.5 | 17.1% |
| Spain | 64.8 | 156 | 109 | 9.5 | -47.3% |
| Others | 75.1 | 112 | 850 | 828 | 122.6% |
| Total | 957 | 1,012 | 2,302 | 1,657 | 20.1% |
Top Suppliers of Article of Natural Cork to the Dominican Republic in 2022:
- China (23.3 tons)
- Portugal (17.5 tons)
- United States (4.7 tons)
- Spain (0.3 tons)
Exports of Article of Natural Cork in the Dominican Republic
For the third consecutive year, the Dominican Republic recorded decline in shipments abroad of articles of natural cork, which decreased by -20.3% to 350 kg in 2022. Over the period under review, exports saw a sharp decline.
In value terms, article of natural cork exports stood at $33K in 2022. In general, exports saw a pronounced shrinkage.
| Export of Article of Natural Cork in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 7.1 | 6.4 | 31.6 | 32.9 | 66.7% |
| Portugal | 30.6 | 27.1 | 0.4 | 0.4 | -76.4% |
| United States | N/A | 0.1 | N/A | N/A | 0% |
| Others | N/A | 1.1 | N/A | 0.1 | -69.8% |
| Total | 37.7 | 34.7 | 32.0 | 33.3 | -4.1% |
Top Export Markets for Article of Natural Cork from the Dominican Republic in 2022:
- Mexico (343.0 kg)
- Portugal (5.0 kg)
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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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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
1986
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...
1688
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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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
