Price for Article of Natural Cork in Australia - 2023
Contents:
- Price for Article of Natural Cork in Australia (CIF) - 2023
- Price for Article of Natural Cork in Australia (FOB) - 2023
- Imports of Article of Natural Cork in Australia
- Exports of Article of Natural Cork in Australia
Price for Article of Natural Cork in Australia (CIF) - 2023
In August 2023, the average article of natural cork import price amounted to $25,985 per ton, declining by -2.1% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 25% month-to-month. The import price peaked at $28,730 per ton in November 2022; however, from December 2022 to August 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($30,633 per ton), while the price for Portugal stood at $26,074 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Article of Natural Cork in Australia (FOB) - 2023
In August 2023, the average article of natural cork export price amounted to $44,770 per ton, approximately equating the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 39% m-o-m. The export price peaked at $44,942 per ton in July 2023, and then dropped in the following month.
As there is only one major export destination, the average price level is determined by prices for New Zealand.
From August 2022 to August 2023, the rate of growth in terms of prices for China amounted to +50.9% per month.
Imports of Article of Natural Cork in Australia
In 2022, supplies from abroad of articles of natural cork was finally on the rise to reach 395 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt decline.
In value terms, article of natural cork imports amounted to $11M in 2022. Overall, imports, however, recorded a significant contraction.
| Import of Article of Natural Cork in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 21.1 | 16.3 | 9.9 | 9.6 | -23.1% |
| France | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
| China | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.1 | 0.2 | 0.3 | 0.3 | -35.2% |
| Total | 22.5 | 16.8 | 10.5 | 10.5 | -22.4% |
Top Suppliers of Article of Natural Cork to Australia in 2022:
- Portugal (355.6 tons)
- France (15.4 tons)
- China (8.9 tons)
Exports of Article of Natural Cork in Australia
After three years of growth, shipments abroad of articles of natural cork decreased by -37% to 47 tons in 2022. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 75% against the previous year.
In value terms, article of natural cork exports contracted significantly to $1.8M in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 85% against the previous year. As a result, the exports reached the peak of $2.7M, and then contracted sharply in the following year.
| Export of Article of Natural Cork in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 442 | 750 | 825 | 1,009 | 31.7% |
| Portugal | 554 | 274 | 915 | 507 | -2.9% |
| United States | 4.7 | 313 | 719 | 164 | 226.8% |
| South Africa | N/A | N/A | N/A | 96.9 | 0% |
| China | 3.6 | 6.5 | 108 | 38.9 | 121.1% |
| Indonesia | 18.4 | N/A | N/A | 16.3 | -4.0% |
| Others | 4.8 | 108 | 115 | N/A | 389.5% |
| Total | 1,027 | 1,452 | 2,682 | 1,831 | 21.3% |
Top Export Markets for Article of Natural Cork from Australia in 2022:
- New Zealand (26.5 tons)
- Portugal (12.2 tons)
- United States (3.9 tons)
- South Africa (2.3 tons)
- Indonesia (1.1 tons)
- China (0.9 tons)
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