Price for Article of Natural Cork in Luxembourg - 2023
Contents:
- Price for Article of Natural Cork in Luxembourg (CIF) - 2022
- Price for Article of Natural Cork in Luxembourg (FOB) - 2022
- Imports of Article of Natural Cork in Luxembourg
- Exports of Article of Natural Cork in Luxembourg
Price for Article of Natural Cork in Luxembourg (CIF) - 2022
In 2022, the average article of natural cork import price amounted to $8,954 per ton, falling by -23.5% against the previous year. Over the period under review, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 33% against the previous year. As a result, import price reached the peak level of $29,279 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($27,648 per ton), while the price for Germany ($7,073 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.5%), while the prices for the other major suppliers experienced a decline.
Price for Article of Natural Cork in Luxembourg (FOB) - 2022
The average article of natural cork export price stood at $84,484 per ton in 2022, surging by 44% against the previous year. Overall, the export price saw buoyant growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 343%. As a result, the export price attained the peak level of $90,948 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($77,929 per ton), while the average price for exports to Belgium ($62,581 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 (+40.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Article of Natural Cork in Luxembourg
For the fourth year in a row, Luxembourg recorded growth in overseas purchases of articles of natural cork, which increased by 37% to 69 tons in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 85% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, article of natural cork imports stood at $622K in 2022. The total import value increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Article of Natural Cork in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 141 | 414 | 415 | 393 | 40.7% |
| Portugal | 350 | 74.6 | 96.1 | 151 | -24.4% |
| Belgium | 4.1 | 3.9 | 17.5 | 35.4 | 105.2% |
| Netherlands | 4.6 | 5.1 | 11.9 | 17.0 | 54.6% |
| Others | 13.1 | 17.8 | 52.3 | 25.3 | 24.5% |
| Total | 513 | 515 | 593 | 622 | 6.6% |
Top Suppliers of Article of Natural Cork to Luxembourg in 2022:
- Germany (55.5 tons)
- Portugal (5.5 tons)
- Belgium (3.9 tons)
- Netherlands (2.3 tons)
Exports of Article of Natural Cork in Luxembourg
In 2022, approx. 436 kg of articles of natural cork were exported from Luxembourg; with an increase of 5.8% against the previous year. In general, exports recorded a tangible increase. The pace of growth appeared the most rapid in 2021 when exports increased by 271% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, article of natural cork exports skyrocketed to $37K in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 435% against the previous year.
| Export of Article of Natural Cork in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.6 | 3.5 | 17.5 | 21.7 | 138.5% |
| Belgium | 2.0 | 1.0 | 5.7 | 8.8 | 63.9% |
| France | 24.6 | N/A | 0.9 | 0.9 | -66.8% |
| Others | 8.7 | N/A | N/A | 5.4 | -14.7% |
| Total | 37.0 | 4.5 | 24.1 | 36.8 | -0.2% |
Top Export Markets for Article of Natural Cork from Luxembourg in 2022:
- Germany (279.0 kg)
- Belgium (141.0 kg)
- France (14.0 kg)
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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...
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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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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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