Price for Article of Natural Cork in Oman - 2021
Contents:
- Price for Article of Natural Cork in Oman (CIF) - 2022
- Price for Article of Natural Cork in Oman (FOB) - 2022
- Imports of Article of Natural Cork in Oman
- Exports of Article of Natural Cork in Oman
Price for Article of Natural Cork in Oman (CIF) - 2022
The average article of natural cork import price stood at $5,720 per ton in 2022, with an increase of 4.3% against the previous year. Overall, the import price, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 29% against the previous year. The import price peaked at $28,229 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -12.0% per year.
Price for Article of Natural Cork in Oman (FOB) - 2022
The average article of natural cork export price stood at $4,429 per ton in 2022, waning by -3.7% against the previous year. Over the period under review, the export price showed a perceptible decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by 66%. The export price peaked at $10,806 per ton in 2019; however, from 2020 to 2022, the 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 the United Arab Emirates ($8,355 per ton), while the average price for exports to Saudi Arabia ($1,014 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 Iran (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Article of Natural Cork in Oman
In 2022, the amount of articles of natural cork imported into Oman contracted significantly to 730 tons, shrinking by -24.5% compared with the year before. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 227% against the previous year. As a result, imports reached the peak of 966 tons, and then shrank markedly in the following year.
In value terms, article of natural cork imports declined sharply to $4.2M in 2022. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 74%. As a result, imports reached the peak of $5.3M, and then contracted rapidly in the following year.
| Import of Article of Natural Cork in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 4.6 | 2.8 | 5.1 | 4.0 | -4.6% |
| Others | 0.3 | 0.2 | 0.2 | 0.1 | -30.7% |
| Total | 5.0 | 3.0 | 5.3 | 4.2 | -5.6% |
Top Suppliers of Article of Natural Cork to Oman in 2022:
- United Arab Emirates (716.0 tons)
Exports of Article of Natural Cork in Oman
In 2022, the amount of articles of natural cork exported from Oman fell markedly to 206 tons, reducing by -47.3% on 2021 figures. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 9,446% against the previous year. As a result, the exports attained the peak of 390 tons, and then shrank rapidly in the following year.
In value terms, article of natural cork exports contracted dramatically to $911K in 2022. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 6,398%. As a result, the exports attained the peak of $1.8M, and then reduced remarkably in the following year.
| Export of Article of Natural Cork in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 257 | 20.2 | 823 | 449 | 20.4% |
| Iran | 3.5 | 1.8 | 846 | 386 | 379.6% |
| United Arab Emirates | 76.0 | 4.9 | 108 | 67.0 | -4.1% |
| Saudi Arabia | 0.8 | 0.3 | 11.2 | 5.1 | 85.4% |
| Others | 2.8 | 0.4 | 5.7 | 3.4 | 6.7% |
| Total | 340 | 27.6 | 1,794 | 911 | 38.9% |
Top Export Markets for Article of Natural Cork from Oman in 2022:
- Belgium (112.7 tons)
- Iran (79.4 tons)
- United Arab Emirates (8.0 tons)
- Saudi Arabia (5.1 tons)
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