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

Contents:

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

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

The average import price for cork; natural cork, raw or simply prepareds stood at $3,299 per ton in 2022, reducing by -51.8% against the previous year. In general, the import price saw a deep contraction. The growth pace was the most rapid in 2014 when the average import price increased by 45% against the previous year. As a result, import price reached the peak level of $13,313 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($12,000 per ton), while the price for the Netherlands ($2,701 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.9%), while the prices for the other major suppliers experienced a decline.

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

The average export price for cork; natural cork, raw or simply prepareds stood at $62,579 per ton in 2022, surging by 1,072% against the previous year. Overall, the export price saw prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($175,200 per ton), while the average price for exports to the United States stood at $22,357 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+22.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of cork; natural cork, raw or simply prepareds was finally on the rise to reach 3.6 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt decrease.

In value terms, imports of cork; natural cork, raw or simply prepareds surged to $12K in 2022. Over the period under review, imports, however, recorded a significant decline.

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

1. Portugal (2003.0 kg)
2. Netherlands (1500.0 kg)
3. Australia (55.0 kg)

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

Exports of cork; natural cork, raw or simply prepareds from Singapore reduced markedly to 19 kg in 2022, with a decrease of -91.9% against the previous year's figure. Over the period under review, exports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. As a result, the exports attained the peak of 235 kg, and then shrank sharply in the following year.

In value terms, exports of cork; natural cork, raw or simply prepareds fell to $1.2K in 2022. The total export value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 30%. As a result, the exports attained the peak of $1.3K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. United States (14.0 kg)
2. Denmark (5.0 kg)

Source: IndexBox Market Intelligence Platform