Price for Article of Natural Cork in Ukraine - 2023

Contents:

  1. Price for Article of Natural Cork in Ukraine (CIF) - 2022
  2. Price for Article of Natural Cork in Ukraine (FOB) - 2022
  3. Imports of Article of Natural Cork in Ukraine
  4. Exports of Article of Natural Cork in Ukraine

Price for Article of Natural Cork in Ukraine (CIF) - 2022

In 2022, the average article of natural cork import price amounted to $17,237 per ton, increasing by 6.4% against the previous year. Overall, the import price, however, showed a slight curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 28%. Over the period under review, average import prices attained the peak figure at $20,100 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($34,316 per ton), while the price for China ($6,030 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.4%), while the prices for the other major suppliers experienced a decline.

Price for Article of Natural Cork in Ukraine (FOB) - 2022

In 2022, the average article of natural cork export price amounted to $16,366 per ton, increasing by 13% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 export price decreased by -30.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 113%. As a result, the export price reached the peak level of $23,601 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($47,333 per ton), while the average price for exports to Moldova amounted to $10,590 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+74.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Article of Natural Cork in Ukraine

After three years of growth, overseas purchases of articles of natural cork decreased by -53.8% to 11 tons in 2022. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of 25 tons, and then shrank markedly in the following year.

In value terms, article of natural cork imports dropped remarkably to $197K in 2022. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of $402K, and then declined notably in the following year.

Import of Article of Natural Cork in Ukraine (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Portugal230260365116-20.4%
Italy0.56.33.448.0357.9%
Germany0.10.19.512.3397.3%
China14.710.312.89.3-14.2%
Poland11.17.20.87.9-10.7%
Others6.612.810.03.5-19.1%
Total263297402197-9.2%

Top Suppliers of Article of Natural Cork to Ukraine in 2022:

  1. Portugal (6.5 tons)
  2. Italy (2.0 tons)
  3. China (1.5 tons)
  4. Germany (0.9 tons)
  5. Poland (0.4 tons)

Exports of Article of Natural Cork in Ukraine

For the fourth year in a row, Ukraine recorded growth in shipments abroad of articles of natural cork, which increased by 63% to 39 tons in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 187% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, article of natural cork exports soared to $632K in 2022. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 113% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Export of Article of Natural Cork in Ukraine (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Moldova83.540.498.734260.0%
United StatesN/AN/A19.82641233.3%
United Arab EmiratesN/A133179N/A34.6%
Others8.322.147.226.747.6%
Total91.819634563290.2%

Top Export Markets for Article of Natural Cork from Ukraine in 2022:

  1. Moldova (32.3 tons)
  2. United States (5.6 tons)

Source: IndexBox Market Intelligence Platform

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