Price for Article of Natural Cork in Greece - 2023

Contents:

1. Price for Article of Natural Cork in Greece (CIF) - 2022
2. Price for Article of Natural Cork in Greece (FOB) - 2022
3. Imports of Article of Natural Cork in Greece
4. Exports of Article of Natural Cork in Greece

Price for Article of Natural Cork in Greece (CIF) - 2022

In 2022, the average article of natural cork import price amounted to $20,309 per ton, jumping by 50% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The import price peaked at $20,770 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($27,716 per ton), while the price for China ($2,851 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Article of Natural Cork in Greece (FOB) - 2022

The average article of natural cork export price stood at $8,776 per ton in 2022, surging by 28% against the previous year. In general, the export price, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 30%. Over the period under review, the average export prices reached the peak figure at $40,069 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($28,700 per ton), while the average price for exports to Slovakia ($595 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 Hungary (+34.1%), while the prices for the other major destinations experienced a decline.

Imports of Article of Natural Cork in Greece

In 2022, after three years of growth, there was significant decline in overseas purchases of articles of natural cork, when their volume decreased by -45.1% to 113 tons. In general, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of 34%. As a result, imports attained the peak of 205 tons, and then contracted markedly in the following year.

In value terms, article of natural cork imports contracted rapidly to $2.3M in 2022. Over the period under review, imports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. As a result, imports reached the peak of $2.8M, and then dropped notably in the following year.

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

1. Portugal (67.1 tons)
2. Italy (19.7 tons)
3. China (18.6 tons)
4. Bulgaria (2.6 tons)
5. Netherlands (2.0 tons)

Exports of Article of Natural Cork in Greece

In 2022, the amount of articles of natural cork exported from Greece declined sharply to 27 tons, reducing by -60.1% on the previous year's figure. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 528%. As a result, the exports reached the peak of 68 tons, and then fell sharply in the following year.

In value terms, article of natural cork exports fell significantly to $239K in 2022. Over the period under review, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 178%. As a result, the exports reached the peak of $468K, and then contracted notably in the following year.

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

1. North Macedonia (11.5 tons)
2. Slovakia (5.8 tons)
3. Italy (3.9 tons)
4. Portugal (1.8 tons)
5. Armenia (1.0 tons)
6. Cyprus (1.0 tons)
7. Hungary (0.4 tons)

Source: IndexBox Market Intelligence Platform