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

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

The average import price for cork; natural cork, raw or simply prepareds stood at $12,497 per ton in 2022, increasing by 8% against the previous year. Overall, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of 91%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +63.3% per year.

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

For the fourth year in a row, Ethiopia recorded growth in purchases abroad of cork; natural cork, raw or simply prepareds, which increased by 11% to 40 tons in 2022. The total import volume increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cork; natural cork, raw or simply prepareds surged to $503K in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.