Price for Article of Natural Cork in Myanmar - 2022

Contents:

1. Price for Article of Natural Cork in Myanmar (CIF) - 2022
2. Price for Article of Natural Cork in Myanmar (FOB) - 2022
3. Imports of Article of Natural Cork in Myanmar
4. Exports of Article of Natural Cork in Myanmar

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

The average article of natural cork import price stood at $10,229 per ton in 2022, declining by -11.4% against the previous year. In general, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2021 an increase of 69%. Over the period under review, average import prices reached the peak figure at $18,495 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 China ($16,644 per ton), while the price for Singapore ($1,503 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.5%), while the prices for the other major suppliers experienced a decline.

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

The average article of natural cork export price stood at $13,143 per ton in 2022, stabilizing at the previous year. Over the period under review, the export price recorded a abrupt decrease. Over the period under review, the average export prices attained the maximum at $18,909 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2020 to 2022, the rate of growth in terms of prices for Luxembourg amounted to +25.6% per year.

Imports of Article of Natural Cork in Myanmar

After three years of growth, supplies from abroad of articles of natural cork decreased by -31.5% to 7.5 tons in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 178% against the previous year. As a result, imports attained the peak of 11 tons, and then declined markedly in the following year.

In value terms, article of natural cork imports reduced notably to $77K in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 369%. As a result, imports attained the peak of $127K, and then shrank notably in the following year.

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

1. Singapore (3.0 tons)
2. China (2.9 tons)
3. Taiwan (Chinese) (1.3 tons)
4. Thailand (0.2 tons)

Exports of Article of Natural Cork in Myanmar

In 2022, article of natural cork exports from Myanmar surged to 14 kg, picking up by 17% against 2021. The total export volume increased at an average annual rate of +12.8% over the period from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 expanded significantly to $184 in 2022. In general, exports, however, recorded a deep reduction.

Top Export Markets for Article of Natural Cork from Myanmar in 2022:

1. Luxembourg (14.0 kg)

Source: IndexBox Market Intelligence Platform