Price for Cork; Natural Cork, Raw or Simply Prepared in Hungary - 2023

Contents:

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

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

The average import price for cork; natural cork, raw or simply prepareds stood at $9,560 per ton in 2022, waning by -25.4% against the previous year. Over the period under review, the import price saw a perceptible slump. The growth pace was the most rapid in 2015 when the average import price increased by 107%. Over the period under review, average import prices reached the peak figure at $17,889 per ton in 2018; however, from 2019 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 Italy ($76,818 per ton), while the price for the UK ($6,643 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for cork; natural cork, raw or simply prepareds amounted to $1,000 per ton, approximately mirroring the previous year. In general, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 a decrease of 99.9%. Over the period under review, the average export prices reached the maximum at $15,603 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,000 per ton), while the average price for exports to Romania totaled $1,000 per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-18.7%).

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

In 2022, overseas purchases of cork; natural cork, raw or simply prepareds increased by 71% to 2 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cork; natural cork, raw or simply prepareds soared to $19K in 2022. In general, imports, however, recorded a abrupt decrease.

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

1. France (1168.0 kg)
2. Portugal (560.0 kg)
3. Czech Republic (143.0 kg)
4. United Kingdom (70.0 kg)
5. Italy (33.0 kg)

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

In 2022, exports of cork; natural cork, raw or simply prepareds from Hungary amounted to 2 kg, remaining relatively unchanged against 2021. Over the period under review, exports faced a sharp reduction. The smallest decline of 99.9% was in 2021.

In value terms, exports of cork; natural cork, raw or simply prepareds stood at $2 in 2022. Overall, exports saw a sharp descent. The smallest decline of 99.9% was in 2021.

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

1. Romania (1.0 kg)
2. Netherlands (1.0 kg)

Source: IndexBox Market Intelligence Platform