Price for Article of Natural Cork in Uruguay - 2022

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

In 2022, the average article of natural cork import price amounted to $37,895 per ton, jumping by 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Portugal ($40,935 per ton), while the price for Brazil ($4,833 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average article of natural cork export price stood at $26,167 per ton in 2022, which is down by -5.6% against the previous year. Over the period under review, the export price, however, continues to indicate tangible growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 108%. The export price peaked at $27,903 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Portugal.

From 2016 to 2022, the rate of growth in terms of prices for Portugal amounted to -5.6% per year.

Imports of Article of Natural Cork in Uruguay

In 2022, supplies from abroad of articles of natural cork decreased by -39.9% to 15 tons, falling for the second year in a row after two years of growth. In general, imports showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 10%. As a result, imports attained the peak of 29 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, article of natural cork imports shrank rapidly to $566K in 2022. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 9.1%. As a result, imports reached the peak of $767K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Article of Natural Cork in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	501	545	350	558	3.7%
Brazil	3.2	4.4	4.3	5.4	19.1%
China	7.7	7.9	3.4	0.9	-51.1%
Spain	107	103	56.3	0.3	-85.9%
Hong Kong SAR	54.4	70.8	52.8	N/A	-1.5%
Others	30.6	36.4	248	1.6	-62.6%
Total	703	767	715	566	-7.0%

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

Spain (undefined tons)
Portugal (13.6 tons)
Brazil (1.1 tons)
China (0.1 tons)

Exports of Article of Natural Cork in Uruguay

Article of natural cork exports from Uruguay declined dramatically to 23 kg in 2022, dropping by -94.8% against 2021 figures. Overall, exports saw a precipitous decline. The smallest decline of -49.3% was in 2021.

In value terms, article of natural cork exports contracted notably to $594 in 2022. In general, exports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2021 with an increase of 5.3%. As a result, the exports reached the peak of $12K, and then reduced sharply in the following year.