Price for Cork; Natural Cork, Raw or Simply Prepared in Bangladesh - 2022

Contents:

1. Price for Cork; Natural Cork, Raw or Simply Prepared in Bangladesh (CIF) - 2022
2. Price for Cork; Natural Cork, Raw or Simply Prepared in Bangladesh (FOB) - 2022
3. Imports of Cork; Natural Cork, Raw or Simply Prepared in Bangladesh
4. Exports of Cork; Natural Cork, Raw or Simply Prepared in Bangladesh

Price for Cork; Natural Cork, Raw or Simply Prepared in Bangladesh (CIF) - 2022

In 2022, the average import price for cork; natural cork, raw or simply prepareds amounted to $8,058 per ton, reducing by -32.9% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 49% against the previous year. The import price peaked at $13,656 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 ($10,515 per ton), while the price for India ($2,498 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cork; Natural Cork, Raw or Simply Prepared in Bangladesh (FOB) - 2022

The average export price for cork; natural cork, raw or simply prepareds stood at $620 per ton in 2022, shrinking by -7.3% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 18%. The export price peaked at $1,285 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -7.0% per year.

Imports of Cork; Natural Cork, Raw or Simply Prepared in Bangladesh

In 2022, imports of cork; natural cork, raw or simply prepareds into Bangladesh surged to 6.2 tons, jumping by 477% compared with the previous year's figure. Overall, imports recorded a strong increase.

In value terms, imports of cork; natural cork, raw or simply prepareds soared to $50K in 2022. In general, imports saw a tangible expansion.

Top Suppliers of Cork; Natural Cork, Raw or Simply Prepared to Bangladesh in 2022:

1. Portugal (3.5 tons)
2. India (1.6 tons)
3. United States (1.1 tons)

Exports of Cork; Natural Cork, Raw or Simply Prepared in Bangladesh

For the fourth consecutive year, Bangladesh recorded growth in overseas shipments of cork; natural cork, raw or simply prepareds, which increased by 3.7% to 481 kg in 2022. The total export volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 4%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, exports of cork; natural cork, raw or simply prepareds declined slightly to $298 in 2022. Overall, exports, however, showed a perceptible contraction. The smallest decline of -3.6% was in 2020.

Top Export Markets for Cork; Natural Cork, Raw or Simply Prepared from Bangladesh in 2022:

1. India (481.0 kg)

Source: IndexBox Market Intelligence Platform