Price for Article of Natural Cork in Ecuador - 2021

Contents:

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

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

The average article of natural cork import price stood at $18,612 per ton in 2022, declining by -44.2% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The growth pace was the most rapid in 2014 an increase of 64% against the previous year. Over the period under review, average import prices attained the maximum at $63,490 per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 Portugal ($119,439 per ton), while the price for Spain ($2,648 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+6.9%), while the prices for the other major suppliers experienced a decline.

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

In 2021, the average article of natural cork export price amounted to $11,968 per ton, rising by 58% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. Over the period under review, the average export prices hit record highs at $34,625 per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Nicaragua.

From 2013 to 2021, the rate of growth in terms of prices for Belgium amounted to -17.0% per year.

Imports of Article of Natural Cork in Ecuador

For the fourth consecutive year, Ecuador recorded growth in supplies from abroad of articles of natural cork, which increased by 2.8% to 5.7 tons in 2022. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 1,101% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, article of natural cork imports fell rapidly to $105K in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 581%. As a result, imports attained the peak of $184K, and then reduced dramatically in the following year.

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

1. Spain (2319.0 kg)
2. Chile (721.0 kg)
3. Japan (351.0 kg)
4. Argentina (285.0 kg)
5. Italy (242.0 kg)
6. Panama (215.0 kg)
7. Portugal (115.0 kg)

Exports of Article of Natural Cork in Ecuador

In 2021, approx. 42 kg of articles of natural cork were exported from Ecuador; rising by 24% against 2020. The total export volume increased at an average annual rate of +23.5% from 2020 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, article of natural cork exports skyrocketed to $507 in 2021. In general, exports recorded a significant increase. 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 Ecuador in 2022:

1. Nicaragua (3.0 kg)

Source: IndexBox Market Intelligence Platform