Price for Cork; Natural Cork, Raw or Simply Prepared in Portugal - 2023
Contents:
- Price for Cork; Natural Cork, Raw or Simply Prepared in Portugal (CIF) - 2023
- Price for Cork; Natural Cork, Raw or Simply Prepared in Portugal (FOB) - 2023
- Imports of Cork; Natural Cork, Raw or Simply Prepared in Portugal
- Exports of Cork; Natural Cork, Raw or Simply Prepared in Portugal
Price for Cork; Natural Cork, Raw or Simply Prepared in Portugal (CIF) - 2023
In December 2023, the average import price for cork; natural cork, raw or simply prepareds amounted to $2,906 per ton, reducing by -14.7% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 16% m-o-m. The import price peaked at $3,641 per ton in May 2023; however, from June 2023 to December 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Spain ($2,922 per ton), while the price for Italy amounted to $2,913 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+0.0%).
Price for Cork; Natural Cork, Raw or Simply Prepared in Portugal (FOB) - 2023
In December 2023, the average export price for cork; natural cork, raw or simply prepareds amounted to $2,131 per ton, rising by 13% against the previous month. In general, the export price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in August 2023 an increase of 149% against the previous month. As a result, the export price attained the peak level of $5,322 per ton. From September 2023 to December 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($4,366 per ton), while the average price for exports to Spain ($1,861 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cork; Natural Cork, Raw or Simply Prepared in Portugal
In 2022, the amount of cork; natural cork, raw or simply prepareds imported into Portugal reached 53K tons, surging by 3.7% on 2021. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of cork; natural cork, raw or simply prepareds surged to $147M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cork; Natural Cork, Raw or Simply Prepared in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 91.8 | 85.8 | 109 | 122 | 9.9% |
| Italy | 20.3 | 13.7 | 16.2 | 24.6 | 6.6% |
| Others | 1.1 | 0.8 | 0.4 | 0.4 | -28.6% |
| Total | 113 | 100 | 125 | 147 | 9.2% |
Top Suppliers of Cork; Natural Cork, Raw or Simply Prepared to Portugal in 2022:
- Spain (44.4K tons)
- Italy (8.2K tons)
Exports of Cork; Natural Cork, Raw or Simply Prepared in Portugal
In 2022, the amount of cork; natural cork, raw or simply prepareds exported from Portugal contracted notably to 3.5K tons, which is down by -15.7% against 2021. Overall, exports showed a dramatic shrinkage.
In value terms, exports of cork; natural cork, raw or simply prepareds dropped to $9.7M in 2022. Over the period under review, exports faced a significant curtailment.
| Export of Cork; Natural Cork, Raw or Simply Prepared in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 13.6 | 7.4 | 3.0 | 4.0 | -33.5% |
| China | 4.8 | 4.3 | 5.5 | 3.7 | -8.3% |
| Italy | 0.3 | 0.1 | N/A | 0.8 | 38.7% |
| United States | 0.3 | 0.4 | 0.5 | 0.4 | 10.1% |
| India | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| United Kingdom | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Others | 0.6 | 0.7 | 0.5 | 0.5 | -5.9% |
| Total | 19.7 | 13.1 | 10.0 | 9.7 | -21.0% |
Top Export Markets for Cork; Natural Cork, Raw or Simply Prepared from Portugal in 2022:
- Spain (1587.1 tons)
- China (1075.0 tons)
- Italy (414.3 tons)
- United States (172.1 tons)
- India (117.2 tons)
- United Kingdom (61.1 tons)
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