Price for Article of Natural Cork in South Africa - 2023
Contents:
- Price for Article of Natural Cork in South Africa (CIF) - 2023
- Price for Article of Natural Cork in South Africa (FOB) - 2022
- Imports of Article of Natural Cork in South Africa
- Exports of Article of Natural Cork in South Africa
Price for Article of Natural Cork in South Africa (CIF) - 2023
In July 2023, the average article of natural cork import price amounted to $20,909 per ton, surging by 17% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 54% m-o-m. Over the period under review, average import prices attained the peak figure at $25,467 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Portugal ($21,176 per ton), while the price for China amounted to $9,611 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+3.9%).
Price for Article of Natural Cork in South Africa (FOB) - 2022
The average article of natural cork export price stood at $8,119 per ton in 2022, which is down by -69.2% against the previous year. Overall, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 167%. As a result, the export price attained the peak level of $29,190 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($16,050 per ton), while the average price for exports to Lesotho ($3,218 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 Mauritius (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Article of Natural Cork in South Africa
Article of natural cork imports into South Africa skyrocketed to 530 tons in 2022, with an increase of 23% on the year before. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 23%.
In value terms, article of natural cork imports dropped to $9M in 2022. Over the period under review, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year.
| Import of Article of Natural Cork in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 9.3 | 6.6 | 9.5 | 8.4 | -3.3% |
| Spain | 1.3 | 0.2 | 0.2 | 0.2 | -46.4% |
| Australia | N/A | N/A | 0.1 | 0.1 | 0.0% |
| China | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 0.6 | 0.4 | 0.2 | 0.1 | -45.0% |
| Total | 11.3 | 7.3 | 10.1 | 9.0 | -7.3% |
Top Suppliers of Article of Natural Cork to South Africa in 2022:
- Portugal (494.8 tons)
- China (18.3 tons)
- Australia (8.5 tons)
- Spain (2.7 tons)
Exports of Article of Natural Cork in South Africa
In 2022, overseas shipments of articles of natural cork decreased by -31% to 9.6 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of 108%. As a result, the exports reached the peak of 57 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, article of natural cork exports reduced sharply to $78K in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 54%. As a result, the exports reached the peak of $643K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Article of Natural Cork in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | 37.0 | 2.9 | 23.8 | 44.0 | 5.9% |
| Namibia | 9.3 | 3.6 | 7.8 | 10.6 | 4.5% |
| Botswana | 2.4 | 1.3 | 5.9 | 10.3 | 62.5% |
| United States | 2.6 | 1.4 | 0.6 | 4.0 | 15.4% |
| Seychelles | N/A | 0.8 | N/A | 2.4 | 73.2% |
| Zimbabwe | 0.7 | 1.2 | 0.7 | 1.9 | 39.5% |
| Lesotho | 0.5 | N/A | N/A | 0.5 | 0.0% |
| Kenya | 76.4 | 0.1 | N/A | 0.5 | -81.3% |
| Nigeria | 83.5 | 302 | N/A | N/A | 261.7% |
| Portugal | 189 | 130 | 309 | N/A | 27.9% |
| Others | 16.9 | 200 | 16.8 | 3.4 | -41.4% |
| Total | 418 | 643 | 365 | 77.6 | -43.0% |
Top Export Markets for Article of Natural Cork from South Africa in 2022:
- Mauritius (3.9 tons)
- Namibia (2.5 tons)
- Botswana (1.4 tons)
- Seychelles (0.4 tons)
- Zimbabwe (0.4 tons)
- United States (0.3 tons)
- Lesotho (0.2 tons)
- Kenya (0.1 tons)
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The price of Natural Cork Stoppers in May 2023 reached $21,365 per ton (CIF, South Africa), reflecting a significant 38% increase compared to the previous month.
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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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Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was
238
The price of Natural Cork Stoppers in May 2023 reached $21,365 per ton (CIF, South Africa), reflecting a significant 38% increase compared to the previous month.
1862
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...
1568
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
1097
Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was
