Price for Article of Natural Cork in the United States - 2023
Contents:
- Price for Article of Natural Cork in the United States (CIF) - 2023
- Price for Article of Natural Cork in the United States (FOB) - 2023
- Imports of Article of Natural Cork in the United States
- Exports of Article of Natural Cork in the United States
Price for Article of Natural Cork in the United States (CIF) - 2023
The average article of natural cork import price stood at $36,980 per ton in August 2023, shrinking by -6% against the previous month. Over the period under review, import price indicated measured growth from August 2022 to August 2023: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, article of natural cork import price decreased by -20.4% against June 2023 indices. The pace of growth was the most pronounced in December 2022 when the average import price increased by 25% against the previous month. Over the period under review, average import prices hit record highs at $46,443 per ton in June 2023; however, from July 2023 to August 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was France ($41,745 per ton), while the price for Mexico ($30,291 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Portugal (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Article of Natural Cork in the United States (FOB) - 2023
The average article of natural cork export price stood at $26,283 per ton in August 2023, approximately equating the previous month. In general, export price indicated a pronounced increase from August 2022 to August 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, article of natural cork export price decreased by -30.1% against June 2023 indices. The most prominent rate of growth was recorded in November 2022 an increase of 51% m-o-m. Over the period under review, the average export prices attained the maximum at $37,609 per ton in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Canada ($32,404 per ton), while the average price for exports to Bahamas ($3,133 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Article of Natural Cork in the United States
Article of natural cork imports into the United States rose rapidly to 5.7K tons in 2022, with an increase of 11% on the previous year's figure. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, article of natural cork imports rose to $176M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 6%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Article of Natural Cork in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 149 | 151 | 158 | 161 | 2.6% |
| Italy | 2.8 | 2.4 | 4.0 | 3.9 | 11.7% |
| Mexico | 1.3 | 1.5 | 2.8 | 3.7 | 41.7% |
| China | 1.7 | 0.8 | 1.2 | 1.7 | 0.0% |
| Others | 6.3 | 6.2 | 6.2 | 5.8 | -2.7% |
| Total | 161 | 162 | 172 | 176 | 3.0% |
Top Suppliers of Article of Natural Cork to the United States in 2022:
- Portugal (5.1K tons)
- Italy (0.2K tons)
- China (0.1K tons)
- Mexico (0.1K tons)
Exports of Article of Natural Cork in the United States
Article of natural cork exports from the United States surged to 539 tons in 2022, growing by 19% against 2021. The total export volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, article of natural cork exports rose markedly to $12M in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Article of Natural Cork in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 4.2 | 4.5 | 4.6 | 5.4 | 8.7% |
| Mexico | 3.9 | 3.4 | 4.0 | 5.4 | 11.5% |
| Italy | N/A | N/A | N/A | 0.7 | 0% |
| Bahamas | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| United Kingdom | 0.4 | 0.3 | N/A | N/A | -25.0% |
| Portugal | 1.6 | 0.6 | 1.5 | N/A | -3.2% |
| Others | 1.0 | 0.8 | 0.5 | 0.5 | -20.6% |
| Total | 11.1 | 9.6 | 10.7 | 12.2 | 3.2% |
Top Export Markets for Article of Natural Cork from the United States in 2022:
- Mexico (243.3 tons)
- Canada (227.5 tons)
- Bahamas (23.0 tons)
- Italy (8.9 tons)
- United Kingdom (2.8 tons)
- Portugal (0.4 tons)
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This report provides an in-depth analysis of the global natural cork stopper market.
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This article discusses the import price and volume trends of natural cork stoppers in the United States in January 2023. The natural cork stopper price stood at $33.9 per kg, remaining stable against the previous month, with average import prices attaining the maximum at $39.1 per kg in May 2022. Portugal constituted the largest supplier of natural cork stopper to the United States, accounting for an 88% share of total imports, followed by Mexico and Spain. In value terms, natural cork stopper imports amounted to $15M in January 2023, with Portugal also being the largest supplier.
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This article discusses the import price and volume trends of natural cork stoppers in the United States in January 2023. The natural cork stopper price stood at $33.9 per kg, remaining stable against the previous month, with average import prices attaining the maximum at $39.1 per kg in May 2022. Portugal constituted the largest supplier of natural cork stopper to the United States, accounting for an 88% share of total imports, followed by Mexico and Spain. In value terms, natural cork stopper imports amounted to $15M in January 2023, with Portugal also being the largest supplier.
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