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

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

In 2022, the average import price for cork; natural cork, raw or simply prepareds amounted to $18,233 per ton, jumping by 38% against the previous year. Over the period under review, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 72%. Over the period under review, average import prices reached the peak figure at $25,066 per ton in 2014; however, from 2015 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 Greece ($26,028 per ton), while the price for Germany ($11,725 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cork; natural cork, raw or simply prepareds stood at $16,000 per ton in 2022, jumping by 163% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($27,000 per ton), while the average price for exports to Norway stood at $5,000 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.4%), while the prices for the other major destinations experienced a decline.

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

Imports of cork; natural cork, raw or simply prepareds into Romania fell remarkably to 6.9 tons in 2022, dropping by -16.7% against 2021. In general, imports showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 0.5%.

In value terms, imports of cork; natural cork, raw or simply prepareds amounted to $126K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Import of Cork; Natural Cork, Raw or Simply Prepared in Romania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	44.5	61.2	63.1	55.7	7.8%
Italy	0.6	N/A	25.6	47.2	328.5%
Germany	25.8	19.1	13.7	15.8	-15.1%
Greece	0.6	2.5	5.2	6.5	121.3%
Others	4.8	3.3	2.4	1.2	-37.0%
Total	76.3	86.1	110	126	18.2%

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

Italy (2.9 tons)
Portugal (2.3 tons)
Germany (1.3 tons)
Greece (0.2 tons)

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

Exports of cork; natural cork, raw or simply prepareds from Romania fell significantly to 2 kg in 2022, waning by -84.6% on the previous year. Over the period under review, exports faced a precipitous decline.

In value terms, exports of cork; natural cork, raw or simply prepareds dropped rapidly to $32 in 2022. Overall, exports continue to indicate a precipitous shrinkage.