Price for Article of Natural Cork in Ethiopia - 2022

Contents:

  1. Price for Article of Natural Cork in Ethiopia (CIF) - 2022
  2. Imports of Article of Natural Cork in Ethiopia

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

The average article of natural cork import price stood at $1,465 per ton in 2022, which is down by -87.7% against the previous year. In general, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 56%. Over the period under review, average import prices attained the peak figure at $13,237 per ton in 2012; however, from 2013 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 the United Arab Emirates ($15,000 per ton), while the price for the Netherlands ($1,448 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+83.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Article of Natural Cork in Ethiopia

For the fourth year in a row, Ethiopia recorded growth in overseas purchases of articles of natural cork, which increased by 44% to 25 tons in 2022. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 80% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, article of natural cork imports fell markedly to $36K in 2022. Overall, imports, however, recorded a sharp descent. The growth pace was the most rapid in 2020 when imports increased by 77% against the previous year.

Import of Article of Natural Cork in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/AN/AN/A35.40%
United Arab Emirates72.71371670.1-88.9%
Spain0.60.95.6N/A205.5%
Japan4.00.27.3N/A35.1%
United States0.50.95.9N/A243.5%
Others2.12.517.00.5-38.0%
Total80.014120335.9-23.4%

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

  1. United Arab Emirates (undefined tons)
  2. Netherlands (24.4 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Cork; articles of natural cork - Ethiopia