Price for Article of Natural Cork in Germany - 2023

Contents:

1. Price for Article of Natural Cork in Germany (CIF) - 2023
2. Price for Article of Natural Cork in Germany (FOB) - 2023
3. Imports of Article of Natural Cork in Germany
4. Exports of Article of Natural Cork in Germany

Price for Article of Natural Cork in Germany (CIF) - 2023

In July 2023, the average article of natural cork import price amounted to $25,133 per ton, increasing by 27% against the previous month. Overall, the import price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 143% m-o-m. Over the period under review, average import prices reached the maximum at $33,699 per ton in April 2023; however, from May 2023 to July 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Portugal ($41,442 per ton), while the price for China ($3,626 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Poland (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Article of Natural Cork in Germany (FOB) - 2023

In July 2023, the average article of natural cork export price amounted to $27,814 per ton, with a decrease of -1.6% against the previous month. Overall, export price indicated a slight increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, article of natural cork export price decreased by -27.0% against April 2023 indices. The pace of growth was the most pronounced in April 2023 an increase of 37% month-to-month. As a result, the export price attained the peak level of $38,093 per ton. From May 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Austria ($76,242 per ton), while the average price for exports to Poland ($6,120 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Article of Natural Cork in Germany

In 2022, imports of articles of natural cork into Germany reduced to 523 tons, shrinking by -13.6% compared with the previous year. Overall, imports showed a abrupt setback. The smallest decline of -1.9% was in 2021.

In value terms, article of natural cork imports contracted significantly to $11M in 2022. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 16%.

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

1. Portugal (223.8 tons)
2. China (82.0 tons)
3. Netherlands (69.7 tons)
4. Poland (36.7 tons)
5. France (22.5 tons)
6. Italy (19.4 tons)
7. Tunisia (17.5 tons)
8. Spain (11.7 tons)
9. Austria (8.9 tons)

Exports of Article of Natural Cork in Germany

In 2022, the amount of articles of natural cork exported from Germany amounted to 273 tons, with an increase of 4.8% compared with the year before. The total export volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, article of natural cork exports contracted to $6.8M in 2022. In general, exports, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2021 when exports increased by 9.7% against the previous year.

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

1. France (66.6 tons)
2. Switzerland (33.8 tons)
3. Poland (30.6 tons)
4. Canada (23.9 tons)
5. Austria (18.9 tons)
6. Netherlands (12.8 tons)
7. Italy (12.6 tons)
8. United States (11.4 tons)
9. United Kingdom (8.9 tons)
10. Belgium (7.9 tons)
11. Turkey (6.5 tons)
12. Denmark (5.8 tons)
13. Czech Republic (5.1 tons)

Source: IndexBox Market Intelligence Platform