Price for Article of Natural Cork in Ireland - 2023
Contents:
- Price for Article of Natural Cork in Ireland (CIF) - 2022
- Price for Article of Natural Cork in Ireland (FOB) - 2022
- Imports of Article of Natural Cork in Ireland
- Exports of Article of Natural Cork in Ireland
Price for Article of Natural Cork in Ireland (CIF) - 2022
The average article of natural cork import price stood at $14,494 per ton in 2022, with an increase of 10% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.7% 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 +37.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 90%. Over the period under review, average import prices hit record highs 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 Portugal ($25,001 per ton), while the price for the UK ($7,362 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Article of Natural Cork in Ireland (FOB) - 2022
The average article of natural cork export price stood at $6,875 per ton in 2022, declining by -68.6% against the previous year. Overall, the export price, however, showed a modest increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 165%. Over the period under review, the average export prices attained the peak figure at $31,767 per ton in 2019; however, from 2020 to 2022, the export prices remained at a 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 the Czech Republic ($25,294 per ton), while the average price for exports to Portugal ($1,209 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 the United Arab Emirates (+18.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Article of Natural Cork in Ireland
In 2022, purchases abroad of articles of natural cork increased by 72% to 139 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. 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 skyrocketed to $2M in 2022. Over the period under review, imports continue to indicate strong 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 Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 1,091 | 660 | 904 | 1,160 | 2.1% |
| United Kingdom | 183 | 313 | 86.3 | 536 | 43.1% |
| Spain | N/A | 0.3 | 1.2 | 118 | 1883.3% |
| China | 100 | 28.1 | 29.7 | 49.7 | -20.8% |
| Thailand | N/A | N/A | N/A | 30.2 | 0% |
| Others | 70.7 | 9.9 | 35.1 | 114 | 17.3% |
| Total | 1,444 | 1,011 | 1,056 | 2,007 | 11.6% |
Top Suppliers of Article of Natural Cork to Ireland in 2022:
- United Kingdom (72.8 tons)
- Portugal (46.4 tons)
- Spain (6.3 tons)
- China (4.3 tons)
- Thailand (2.6 tons)
Exports of Article of Natural Cork in Ireland
In 2022, article of natural cork exports from Ireland soared to 594 kg, growing by 183% on 2021. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 502%. As a result, the exports reached the peak of 800 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, article of natural cork exports dropped to $4.1K in 2022. Overall, exports, however, continue to indicate a slight decrease. The growth pace was the most rapid in 2020 when exports increased by 56%. As a result, the exports reached the peak of $6.6K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Article of Natural Cork in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 1.6 | 0% |
| United Kingdom | N/A | N/A | 0.3 | 1.1 | 266.7% |
| Czech Republic | N/A | N/A | N/A | 0.3 | 0% |
| France | 3.9 | 6.6 | 3.8 | 0.2 | -62.8% |
| Germany | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Romania | N/A | N/A | N/A | 0.1 | 0% |
| Portugal | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.4 | N/A | 0.4 | 0.4 | 0.0% |
| Total | 4.2 | 6.6 | 4.6 | 4.1 | -0.8% |
Top Export Markets for Article of Natural Cork from Ireland in 2022:
- United Kingdom (221.0 kg)
- Spain (194.0 kg)
- Portugal (91.0 kg)
- France (15.0 kg)
- Romania (11.0 kg)
- Czech Republic (11.0 kg)
- Germany (10.0 kg)
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This report provides an in-depth analysis of the cork article market in Ireland.
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This report provides an in-depth analysis of the global cork article market.
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In 2016, approx. X tons of natural cork were imported worldwide- lowering by -X% against the previous year level. In general, natural cork imports continue to indicate a relatively flat trend pa...
1563
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
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Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was
1851
In 2016, approx. X tons of natural cork were imported worldwide- lowering by -X% against the previous year level. In general, natural cork imports continue to indicate a relatively flat trend pa...
1563
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
1092
Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was
