Price for Article of Natural Cork in Ghana - 2022

Contents:

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

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

The average article of natural cork import price stood at $11,216 per ton in 2022, with a decrease of -48.6% against the previous year. Overall, the import price, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 an increase of 82% against the previous year. As a result, import price reached the peak level of $21,808 per ton, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($94,833 per ton), while the price for the United States ($3,806 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average article of natural cork export price amounted to $5,000 per ton, almost unchanged from the previous year. Over the period under review, the export price, however, posted strong growth. The growth pace was the most rapid in 2014 an increase of 44%. Over the period under review, the average export prices attained the maximum at $5,990 per ton in 2017; however, from 2018 to 2022, 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 Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Liberia amounted to +145.1% per year.

Imports of Article of Natural Cork in Ghana

After two years of decline, supplies from abroad of articles of natural cork increased by 223% to 5.7 tons in 2022. In general, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, article of natural cork imports soared to $64K in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (4259.0 kg)
2. United Arab Emirates (964.0 kg)
3. Lebanon (178.0 kg)
4. South Korea (150.0 kg)
5. United States (31.0 kg)
6. India (1.0 kg)

Exports of Article of Natural Cork in Ghana

After three years of growth, overseas shipments of articles of natural cork decreased by -95.3% to 10 kg in 2022. Over the period under review, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 94% against the previous year. As a result, the exports attained the peak of 212 kg, and then reduced notably in the following year.

In value terms, article of natural cork exports contracted dramatically to $50 in 2022. In general, exports faced a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 113%. As a result, the exports reached the peak of $1.1K, and then contracted notably in the following year.

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

1. Cote d'Ivoire (10.0 kg)

Source: IndexBox Market Intelligence Platform