Price for Article of Natural Cork in Romania - 2023

Contents:

  1. Price for Article of Natural Cork in Romania (CIF) - 2023
  2. Price for Article of Natural Cork in Romania (FOB) - 2022
  3. Imports of Article of Natural Cork in Romania
  4. Exports of Article of Natural Cork in Romania

Price for Article of Natural Cork in Romania (CIF) - 2023

The average article of natural cork import price stood at $4,282 per ton in July 2023, shrinking by -82% against the previous month. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in April 2023 an increase of 84% month-to-month. As a result, import price reached the peak level of $39,968 per ton. From May 2023 to July 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($30,661 per ton), while the price for Portugal ($2,859 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 Hungary (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average article of natural cork export price amounted to $10,072 per ton, with a decrease of -44.6% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of 173% against the previous year. The export price peaked at $50,769 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($32,150 per ton), while the average price for exports to Hungary ($4,397 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 Moldova (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Article of Natural Cork in Romania

In 2022, article of natural cork imports into Romania contracted rapidly to 206 tons, which is down by -15% against 2021 figures. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of 242 tons, and then fell notably in the following year.

In value terms, article of natural cork imports declined markedly to $3.3M in 2022. Overall, imports recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of $4.2M, and then plummeted in the following year.

Import of Article of Natural Cork in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Portugal2,3942,1832,4772,042-5.2%
Bulgaria23319720546726.1%
France2306129642786.5%
Poland201232121171-5.2%
Germany28515611485.0-33.2%
Hungary86.968.872.180.4-2.6%
Italy14978.862.464.7-24.3%
China40.924.125.029.9-9.9%
Turkey13.28.815.729.831.2%
Others76.370.113160.6-7.4%
Total3,7103,6314,1883,309-3.7%

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

  1. Portugal (75.0 tons)
  2. Poland (45.0 tons)
  3. Bulgaria (32.2 tons)
  4. France (15.4 tons)
  5. Turkey (10.1 tons)
  6. China (9.0 tons)
  7. Hungary (7.9 tons)
  8. Italy (4.7 tons)
  9. Germany (2.2 tons)

Exports of Article of Natural Cork in Romania

After three years of growth, shipments abroad of articles of natural cork decreased by -42.2% to 2.5 tons in 2022. In general, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 76%.

In value terms, article of natural cork exports fell significantly to $25K in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 179% against the previous year. As a result, the exports attained the peak of $78K, and then declined markedly in the following year.

Export of Article of Natural Cork in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Moldova11.519.949.211.91.1%
Bulgaria1.05.87.76.182.7%
HungaryN/A0.70.82.8100.0%
FranceN/A0.117.72.0347.2%
GreeceN/A1.11.71.412.8%
Others0.10.10.70.8100.0%
Total12.727.977.824.925.2%

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

  1. Moldova (839.0 kg)
  2. Bulgaria (759.0 kg)
  3. Hungary (633.0 kg)
  4. Greece (141.0 kg)
  5. France (62.0 kg)

Source: IndexBox Market Intelligence Platform

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