Price for Article of Natural Cork in Latvia - 2023
Contents:
- Price for Article of Natural Cork in Latvia (CIF) - 2022
- Price for Article of Natural Cork in Latvia (FOB) - 2022
- Imports of Article of Natural Cork in Latvia
- Exports of Article of Natural Cork in Latvia
Price for Article of Natural Cork in Latvia (CIF) - 2022
The average article of natural cork import price stood at $4,968 per ton in 2022, picking up by 36% against the previous year. Over the period under review, the import price, however, showed a noticeable downturn. Over the period under review, average import prices reached the maximum at $13,865 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
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 Germany ($9,153 per ton), while the price for Lithuania ($3,288 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+6.0%), while the prices for the other major suppliers experienced a decline.
Price for Article of Natural Cork in Latvia (FOB) - 2022
In 2022, the average article of natural cork export price amounted to $9,730 per ton, waning by -15.5% against the previous year. Overall, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 159% against the previous year. As a result, the export price reached the peak level of $32,222 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($193,320 per ton), while the average price for exports to Armenia ($5,696 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 Mexico (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Article of Natural Cork in Latvia
In 2022, the amount of articles of natural cork imported into Latvia skyrocketed to 108 tons, rising by 85% compared with the previous year's figure. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 $537K in 2022. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Article of Natural Cork in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 123 | 89.1 | 97.5 | 153 | 7.5% |
| Portugal | 3.3 | 6.9 | 3.4 | 100 | 211.8% |
| Spain | 0.3 | 1.3 | 1.0 | 87.9 | 564.2% |
| Poland | 64.1 | 73.8 | 64.8 | 86.0 | 10.3% |
| Germany | 48.7 | 30.7 | 10.2 | 56.5 | 5.1% |
| Hungary | 8.8 | 14.8 | 12.8 | 25.2 | 42.0% |
| Others | 20.9 | 30.2 | 23.8 | 28.3 | 10.6% |
| Total | 269 | 247 | 214 | 537 | 25.9% |
Top Suppliers of Article of Natural Cork to Latvia in 2022:
- Lithuania (46.5 tons)
- Poland (18.4 tons)
- Spain (15.6 tons)
- Portugal (12.2 tons)
- Hungary (6.8 tons)
- Germany (6.2 tons)
Exports of Article of Natural Cork in Latvia
In 2022, overseas shipments of articles of natural cork were finally on the rise to reach 17 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, article of natural cork exports surged to $169K in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Article of Natural Cork in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Armenia | N/A | N/A | N/A | 87.7 | 0% |
| Turkey | N/A | N/A | N/A | 52.0 | 0% |
| Russia | 6.8 | 7.0 | 2.1 | 25.9 | 56.2% |
| Estonia | 2.7 | 3.0 | 3.0 | 1.5 | -17.8% |
| Mexico | 75.3 | 4.5 | N/A | N/A | -94.0% |
| Others | 3.1 | 4.4 | 3.2 | 1.6 | -19.8% |
| Total | 87.9 | 18.9 | 8.2 | 169 | 24.3% |
Top Export Markets for Article of Natural Cork from Latvia in 2022:
- Armenia (15.4 tons)
- Russia (1.5 tons)
- Turkey (0.3 tons)
- Estonia (0.1 tons)
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