Price for Cork; Natural Cork, Raw or Simply Prepared in Hong Kong SAR - 2022

Contents:

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

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

In 2022, the average export price for cork; natural cork, raw or simply prepareds amounted to $6,009 per ton, approximately equating the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 58%. As a result, the export price reached the peak level of $10,931 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($8,000 per ton), while the average price for exports to China ($3,786 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.1%), while the prices for the other major destinations experienced a decline.

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

The average import price for cork; natural cork, raw or simply prepareds stood at $5,097 per ton in 2022, falling by -4.2% against the previous year. Overall, the import price saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 18%. The import price peaked at $6,509 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($12,250 per ton), while the price for Portugal ($1,851 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 (+13.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cork; Natural Cork, Raw or Simply Prepared in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of cork; natural cork, raw or simply prepareds, which decreased by -19.4% to 232 kg in 2022. In general, exports saw a abrupt decline.

In value terms, exports of cork; natural cork, raw or simply prepareds shrank dramatically to $1.4K in 2022. Over the period under review, exports saw a dramatic contraction.

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

1. Sri Lanka (179.0 kg)
2. China (28.0 kg)
3. United Kingdom (21.0 kg)

Imports of Cork; Natural Cork, Raw or Simply Prepared in Hong Kong SAR

In 2022, the amount of cork; natural cork, raw or simply prepareds imported into Hong Kong SAR dropped to 145 kg, reducing by -13.7% on the previous year. Overall, imports recorded a abrupt decrease. The smallest decline of -13.3% was in 2020.

In value terms, imports of cork; natural cork, raw or simply prepareds contracted remarkably to $739 in 2022. Over the period under review, imports faced a drastic downturn. The smallest decline of -17.3% was in 2021.

Top Suppliers of Cork; Natural Cork, Raw or Simply Prepared to Hong Kong SAR in 2022:

1. Portugal (87.0 kg)
2. Spain (27.0 kg)
3. Canada (18.0 kg)
4. United States (12.0 kg)

Source: IndexBox Market Intelligence Platform