Price for Article of Natural Cork in Iran - 2021

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

The average article of natural cork import price stood at $6,653 per ton in 2022, jumping by 23% against the previous year. In general, the import price, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 an increase of 58%. The import price peaked at $25,786 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($6,667 per ton), while the price for Oman amounted to $6,652 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced a decline.

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

The average article of natural cork export price stood at $15,033 per ton in 2022, approximately reflecting the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 export price increased by +13.2% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 67% against the previous year. As a result, the export price reached the peak level of $19,237 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +30.4% per year.

Imports of Article of Natural Cork in Iran

After three years of growth, purchases abroad of articles of natural cork decreased by -16.3% to 11 tons in 2022. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 98%.

In value terms, article of natural cork imports stood at $71K in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 18%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Import of Article of Natural Cork in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Oman	1.3	9.6	66.3	71.2	279.8%
United Arab Emirates	50.7	52.1	0.2	0.2	-84.2%
Others	4.9	5.6	2.8	N/A	-24.4%
Total	56.9	67.3	69.3	71.4	7.9%

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

United Arab Emirates (undefined tons)
Oman (10.7 tons)

Exports of Article of Natural Cork in Iran

For the third consecutive year, Iran recorded decline in overseas shipments of articles of natural cork, which decreased by -2.4% to 120 kg in 2022. Over the period under review, exports faced a dramatic shrinkage.

In value terms, article of natural cork exports fell modestly to $1.8K in 2022. In general, exports faced a precipitous decline.