Price for Article of Natural Cork in Estonia - 2023
Contents:
- Price for Article of Natural Cork in Estonia (CIF) - 2022
- Price for Article of Natural Cork in Estonia (FOB) - 2022
- Imports of Article of Natural Cork in Estonia
- Exports of Article of Natural Cork in Estonia
Price for Article of Natural Cork in Estonia (CIF) - 2022
In 2022, the average article of natural cork import price amounted to $22,462 per ton, with an increase of 4.8% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, article of natural cork import price increased by +77.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 48%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
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 Italy ($37,661 per ton), while the price for China ($8,824 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Article of Natural Cork in Estonia (FOB) - 2022
The average article of natural cork export price stood at $25,550 per ton in 2022, surging by 22% against the previous year. Overall, the export price saw notable growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 73%. Over the period under review, the average export prices reached the peak figure at $32,016 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($107,000 per ton), while the average price for exports to Lithuania ($3,000 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 Finland (+46.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Article of Natural Cork in Estonia
In 2022, approx. 8.3 tons of articles of natural cork were imported into Estonia; growing by 41% compared with the previous year's figure. Overall, imports, however, recorded a perceptible shrinkage.
In value terms, article of natural cork imports skyrocketed to $186K in 2022. Over the period under review, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Article of Natural Cork in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 87.1 | 65.1 | 89.0 | 128 | 13.7% |
| Italy | N/A | 13.6 | 17.3 | 27.1 | 41.2% |
| Sweden | N/A | 5.5 | 9.1 | 21.8 | 99.1% |
| Poland | 5.3 | 2.3 | 0.6 | 2.1 | -26.6% |
| Finland | 3.0 | 2.8 | 3.0 | 2.1 | -11.2% |
| Germany | 2.1 | 2.5 | 1.2 | 0.5 | -38.0% |
| United Kingdom | 4.5 | N/A | 0.3 | 0.1 | -71.9% |
| China | 3.4 | 0.7 | 0.3 | 0.1 | -69.1% |
| Others | 6.0 | 4.7 | 4.9 | 4.0 | -12.6% |
| Total | 111 | 97.1 | 126 | 186 | 18.8% |
Top Suppliers of Article of Natural Cork to Estonia in 2022:
- Portugal (5531.0 kg)
- Sweden (1357.0 kg)
- Italy (719.0 kg)
- Poland (183.0 kg)
- Finland (106.0 kg)
- Germany (41.0 kg)
- China (17.0 kg)
- United Kingdom (8.0 kg)
Exports of Article of Natural Cork in Estonia
In 2022, approx. 20 kg of articles of natural cork were exported from Estonia; falling by -86.6% compared with the year before. In general, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 314%. As a result, the exports attained the peak of 149 kg, and then reduced sharply in the following year.
In value terms, article of natural cork exports dropped rapidly to $511 in 2022. Over the period under review, exports continue to indicate a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 171%. As a result, the exports attained the peak of $3.1K, and then shrank significantly in the following year.
| Export of Article of Natural Cork in Estonia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 270 | 173 | 270 | 175 | -13.5% |
| Finland | 327 | 199 | 2,120 | 145 | -23.7% |
| Italy | N/A | N/A | N/A | 107 | 0% |
| Sweden | N/A | N/A | N/A | 40.0 | 0% |
| Kazakhstan | N/A | N/A | N/A | 13.0 | 0% |
| Czech Republic | N/A | N/A | N/A | 8.0 | 0% |
| Germany | N/A | N/A | N/A | 5.0 | 0% |
| Spain | N/A | N/A | N/A | 5.0 | 0% |
| Hungary | N/A | N/A | N/A | 4.0 | 0% |
| Lithuania | 4.0 | 36.0 | 29.0 | 3.0 | -9.1% |
| Norway | 927 | N/A | N/A | N/A | 0% |
| Switzerland | 357 | 740 | 676 | N/A | 37.6% |
| Others | N/A | N/A | 13.0 | 6.0 | -53.8% |
| Total | 1,885 | 1,148 | 3,108 | 511 | -35.3% |
Top Export Markets for Article of Natural Cork from Estonia in 2022:
- Finland (7.0 kg)
- Latvia (4.0 kg)
- Sweden (2.0 kg)
- Italy (1.0 kg)
- Czech Republic (1.0 kg)
- Lithuania (1.0 kg)
- Germany (1.0 kg)
- Hungary (1.0 kg)
- Kazakhstan (1.0 kg)
- Spain (1.0 kg)
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