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

Contents:

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

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

In 2022, the average export price for cork; natural cork, raw or simply prepareds amounted to $1,228 per ton, falling by -5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2016 when the average export price increased by 67% against the previous year. The export price peaked at $1,463 per ton in 2020; however, from 2021 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 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +6.6% per year.

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

In 2022, the average import price for cork; natural cork, raw or simply prepareds amounted to $1,548 per ton, waning by -25.2% against the previous year. Overall, the import price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 an increase of 30% against the previous year. The import price peaked at $2,516 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($1,771 per ton), while the price for Italy ($907 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (-4.2%), while the prices for the other major suppliers experienced a decline.

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

For the third consecutive year, Morocco recorded decline in shipments abroad of cork; natural cork, raw or simply prepareds, which decreased by -29.8% to 185 tons in 2022. Over the period under review, exports showed a precipitous curtailment. The smallest decline of -15.6% was in 2021.

In value terms, exports of cork; natural cork, raw or simply prepareds fell sharply to $227K in 2022. In general, exports saw a sharp setback. The smallest decline of -24.7% was in 2021.

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

1. Portugal (184.5 tons)

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

In 2022, the amount of cork; natural cork, raw or simply prepareds imported into Morocco dropped dramatically to 20 tons, shrinking by -61.7% on the year before. Over the period under review, imports saw a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 84%. As a result, imports reached the peak of 53 tons, and then contracted markedly in the following year.

In value terms, imports of cork; natural cork, raw or simply prepareds plummeted to $31K in 2022. In general, imports showed a sharp reduction. The pace of growth was the most pronounced in 2021 when imports increased by 71% against the previous year. As a result, imports reached the peak of $109K, and then declined markedly in the following year.

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

1. Portugal (14.8 tons)
2. Italy (4.2 tons)
3. Spain (0.6 tons)

Source: IndexBox Market Intelligence Platform