Price for Article of Natural Cork in Russia - 2022

Contents:

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

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

The average article of natural cork import price stood at $16,305 per ton in 2022, declining by -17.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2021 when the average import price increased by 38% against the previous year. As a result, import price attained the peak level of $19,690 per ton, and then contracted notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($49,018 per ton), while the price for Serbia ($4,377 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average article of natural cork export price amounted to $8,972 per ton, shrinking by -18% against the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 65%. The export price peaked at $39,968 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($9,702 per ton), while the average price for exports to Belarus totaled $7,548 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+4.6%), while the prices for the other major destinations experienced a decline.

Imports of Article of Natural Cork in Russia

In 2022, supplies from abroad of articles of natural cork was finally on the rise to reach 75 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a deep reduction.

In value terms, article of natural cork imports rose markedly to $1.2M in 2022. Over the period under review, imports, however, continue to indicate a deep contraction.

Import of Article of Natural Cork in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Portugal1,6611,277478374-39.2%
Turkey0.3N/AN/A265859.5%
Lithuania16.66.334.244.739.1%
Germany1.52.14.941.1201.5%
SerbiaN/AN/AN/A5.00%
Others47.157.9585493118.7%
Total1,7261,3441,1021,223-10.8%

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

  1. Turkey (31.0 tons)
  2. Portugal (16.9 tons)
  3. Germany (3.9 tons)
  4. Serbia (1.1 tons)
  5. Lithuania (0.9 tons)

Exports of Article of Natural Cork in Russia

In 2022, the amount of articles of natural cork exported from Russia skyrocketed to 30 tons, jumping by 16% compared with the previous year's figure. The total export volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 47%. As a result, the exports attained the peak of 34 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, article of natural cork exports dropped to $267K in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 11% against the previous year.

Export of Article of Natural Cork in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kazakhstan11.7112158182149.6%
Belarus14810182.380.6-18.3%
Armenia47.217.75.81.2-70.6%
Uzbekistan5.216.030.4N/A141.8%
Others14.76.35.33.8-36.3%
Total2272532812675.6%

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

  1. Kazakhstan (18.7 tons)
  2. Belarus (10.7 tons)
  3. Armenia (0.1 tons)

Source: IndexBox Market Intelligence Platform

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