Price for Article of Natural Cork in Bulgaria - 2023

Contents:

1. Price for Article of Natural Cork in Bulgaria (CIF) - 2023
2. Price for Article of Natural Cork in Bulgaria (FOB) - 2023
3. Imports of Article of Natural Cork in Bulgaria
4. Exports of Article of Natural Cork in Bulgaria

Price for Article of Natural Cork in Bulgaria (CIF) - 2023

The average article of natural cork import price stood at $28,511 per ton in July 2023, leveling off at the previous month. Over the period under review, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in April 2023 an increase of 117% m-o-m. As a result, import price reached the peak level of $55,459 per ton. From May 2023 to July 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Portugal ($39,449 per ton), while the price for Italy amounted to $11,105 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced a decline.

Price for Article of Natural Cork in Bulgaria (FOB) - 2023

In July 2023, the average article of natural cork export price amounted to $51,619 per ton, rising by 61% against the previous month. Over the period under review, the export price showed a strong increase. The pace of growth was the most pronounced in October 2022 an increase of 289% month-to-month. The export price peaked in July 2023.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Moldova ($74,059 per ton), while the average price for exports to North Macedonia ($29,794 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Article of Natural Cork in Bulgaria

In 2022, article of natural cork imports into Bulgaria fell to 58 tons, which is down by -4% on 2021 figures. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of 15%.

In value terms, article of natural cork imports soared to $1.7M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Article of Natural Cork to Bulgaria in 2022:

1. Portugal (32.1 tons)
2. Italy (21.2 tons)
3. China (1.0 tons)

Exports of Article of Natural Cork in Bulgaria

In 2022, the amount of articles of natural cork exported from Bulgaria soared to 78 tons, picking up by 57% on 2021 figures. Overall, exports, however, recorded a noticeable shrinkage.

In value terms, article of natural cork exports surged to $1.3M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.6% 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 +57.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Article of Natural Cork from Bulgaria in 2022:

1. Georgia (47.8 tons)
2. France (15.6 tons)
3. Romania (6.6 tons)
4. United States (2.4 tons)
5. Turkey (2.1 tons)
6. Moldova (1.7 tons)
7. United Kingdom (1.4 tons)

Source: IndexBox Market Intelligence Platform