Price for Article of Natural Cork in Italy - 2023
Contents:
- Price for Article of Natural Cork in Italy (CIF) - 2023
- Price for Article of Natural Cork in Italy (FOB) - 2023
- Imports of Article of Natural Cork in Italy
- Exports of Article of Natural Cork in Italy
Price for Article of Natural Cork in Italy (CIF) - 2023
In July 2023, the average article of natural cork import price amounted to $27,800 per ton, growing by 11% against the previous month. In general, the import price recorded resilient growth. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 76% month-to-month. Over the period under review, average import prices hit record highs at $38,527 per ton in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Portugal ($28,726 per ton), while the price for Spain ($10,109 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 Portugal (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Article of Natural Cork in Italy (FOB) - 2023
The average article of natural cork export price stood at $23,206 per ton in July 2023, with a decrease of -31.3% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 58% m-o-m. Over the period under review, the average export prices reached the peak figure at $33,780 per ton in June 2023, and then shrank markedly in the following month.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Portugal ($48,272 per ton), while the average price for exports to Peru ($9,862 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 Germany (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Article of Natural Cork in Italy
In 2022, approx. 3.8K tons of articles of natural cork were imported into Italy; growing by 60% on 2021. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, article of natural cork imports soared to $75M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Article of Natural Cork in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 43.5 | 38.2 | 46.7 | 63.5 | 13.4% |
| Spain | 5.1 | 4.1 | 3.1 | 5.5 | 2.5% |
| France | 1.4 | 2.1 | 2.1 | 2.8 | 26.0% |
| Tunisia | 2.4 | 1.2 | 0.4 | 1.8 | -9.1% |
| Others | 2.5 | 1.3 | 1.0 | 1.8 | -10.4% |
| Total | 54.9 | 46.9 | 53.3 | 75.5 | 11.2% |
Top Suppliers of Article of Natural Cork to Italy in 2022:
- Portugal (2314.8 tons)
- Spain (1173.6 tons)
- Tunisia (184.2 tons)
- France (59.6 tons)
Exports of Article of Natural Cork in Italy
In 2022, exports of articles of natural cork from Italy rose rapidly to 1K tons, with an increase of 12% on 2021. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 60% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, article of natural cork exports surged to $27M in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.
| Export of Article of Natural Cork in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.9 | 5.5 | 9.6 | 11.0 | 130.3% |
| United States | 0.7 | 1.1 | 2.5 | 2.9 | 60.6% |
| China | 2.5 | 1.1 | 1.4 | 1.9 | -8.7% |
| Germany | 0.6 | 0.5 | 1.5 | 1.7 | 41.5% |
| Portugal | 1.7 | 0.5 | 1.0 | 1.2 | -11.0% |
| Argentina | 0.8 | 0.5 | 1.0 | 1.1 | 11.2% |
| Spain | 1.3 | 0.6 | 0.9 | 1.1 | -5.4% |
| Peru | N/A | 0.6 | 0.6 | 0.7 | 8.0% |
| Others | 4.9 | 3.1 | 4.6 | 5.4 | 3.3% |
| Total | 13.4 | 13.6 | 23.2 | 27.0 | 26.3% |
Top Export Markets for Article of Natural Cork from Italy in 2022:
- France (249.6 tons)
- Germany (131.2 tons)
- China (112.7 tons)
- United States (105.3 tons)
- Argentina (102.4 tons)
- Peru (65.9 tons)
- Portugal (61.0 tons)
- Spain (34.8 tons)
703
This report provides an in-depth analysis of the cork article market in Italy.
517
This report provides an in-depth analysis of the natural cork stopper market in Italy.
2540
This report provides an in-depth analysis of the global cork article market.
1068
This report provides an in-depth analysis of the global natural cork stopper market.
703
This report provides an in-depth analysis of the cork article market in Italy.
517
This report provides an in-depth analysis of the natural cork stopper market in Italy.
2540
This report provides an in-depth analysis of the global cork article market.
1068
This report provides an in-depth analysis of the global natural cork stopper market.
1887
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...
1594
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
1106
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
1887
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...
1594
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
1106
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
