Price for Cork; Natural Cork, Raw or Simply Prepared in the UK - 2023
Contents:
- Price for Cork; Natural Cork, Raw or Simply Prepared in the UK (CIF) - 2022
- Price for Cork; Natural Cork, Raw or Simply Prepared in the UK (FOB) - 2022
- Imports of Cork; Natural Cork, Raw or Simply Prepared in the UK
- Exports of Cork; Natural Cork, Raw or Simply Prepared in the UK
Price for Cork; Natural Cork, Raw or Simply Prepared in the UK (CIF) - 2022
In 2022, the average import price for cork; natural cork, raw or simply prepareds amounted to $4,009 per ton, jumping by 23% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 41%. As a result, import price attained the peak level of $4,950 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($4,940 per ton), while the price for China ($2,566 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+29.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cork; Natural Cork, Raw or Simply Prepared in the UK (FOB) - 2022
In 2022, the average export price for cork; natural cork, raw or simply prepareds amounted to $51,684 per ton, picking up by 47% against the previous year. Over the period under review, the export price saw prominent growth. The pace of growth was the most pronounced in 2016 an increase of 82% against the previous year. Over the period under review, the average export prices attained the maximum at $59,828 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
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 India ($240,500 per ton), while the average price for exports to Israel ($5,618 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+36.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cork; Natural Cork, Raw or Simply Prepared in the UK
Imports of cork; natural cork, raw or simply prepareds into the UK soared to 160 tons in 2022, increasing by 54% compared with the year before. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 166%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of cork; natural cork, raw or simply prepareds skyrocketed to $643K in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 115% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Cork; Natural Cork, Raw or Simply Prepared in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 70.1 | 67.0 | 70.5 | 320 | 65.9% |
| China | 119 | 38.3 | 161 | 205 | 19.9% |
| Palestine | N/A | N/A | 42.7 | 22.1 | -48.2% |
| Germany | N/A | 2.7 | 4.3 | 13.2 | 121.1% |
| Others | 17.5 | 50.8 | 62.8 | 83.2 | 68.1% |
| Total | 207 | 159 | 341 | 643 | 45.9% |
Top Suppliers of Cork; Natural Cork, Raw or Simply Prepared to the UK in 2022:
- China (79.8 tons)
- Portugal (64.8 tons)
- Palestine (7.6 tons)
- Germany (3.8 tons)
Exports of Cork; Natural Cork, Raw or Simply Prepared in the UK
In 2022, the amount of cork; natural cork, raw or simply prepareds exported from the UK declined dramatically to 5.7 tons, with a decrease of -27.1% against 2021. In general, total exports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 72%. As a result, the exports reached the peak of 7.8 tons, and then fell remarkably in the following year.
In value terms, exports of cork; natural cork, raw or simply prepareds rose sharply to $294K in 2022. The total export value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 16% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Cork; Natural Cork, Raw or Simply Prepared in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 80.7 | 0% |
| United States | 4.7 | N/A | 9.7 | 34.1 | 93.6% |
| France | 50.8 | 16.0 | 5.0 | 27.5 | -18.5% |
| Switzerland | N/A | N/A | N/A | 19.0 | 0% |
| Netherlands | 10.7 | 5.6 | 11.4 | 18.9 | 20.9% |
| Austria | 1.7 | N/A | N/A | 18.8 | 122.8% |
| Israel | N/A | N/A | N/A | 8.4 | 0% |
| Germany | 38.1 | 13.8 | 119 | 7.8 | -41.1% |
| Norway | 1.2 | 112 | N/A | N/A | 9233.3% |
| Ireland | 1.8 | 1.1 | 3.2 | N/A | 33.3% |
| Czech Republic | 8.1 | 3.2 | N/A | N/A | -60.5% |
| Turkey | N/A | N/A | 95.3 | N/A | 0% |
| Canada | N/A | N/A | 13.9 | N/A | 0% |
| Others | 117 | 119 | 18.1 | 78.7 | -12.4% |
| Total | 234 | 272 | 275 | 294 | 7.9% |
Top Export Markets for Cork; Natural Cork, Raw or Simply Prepared from the UK in 2022:
- Israel (1500.0 kg)
- Switzerland (965.0 kg)
- United States (873.0 kg)
- France (675.0 kg)
- China (410.0 kg)
- Netherlands (372.0 kg)
- Austria (282.0 kg)
- Germany (117.0 kg)
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