Price for Article of Natural Cork in Sri Lanka - 2021

Contents:

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

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

The average article of natural cork import price stood at $14,855 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 an increase of 44% against the previous year. As a result, import price reached the peak level of $14,940 per ton, leveling off in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($16,749 per ton), while the price for India ($12,097 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average article of natural cork export price stood at $1,657 per ton in 2022, waning by -89.9% against the previous year. In general, the export price recorded a sharp slump. The growth pace was the most rapid in 2019 when the average export price increased by 86% against the previous year. The export price peaked at $22,200 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to 0.0% per year.

Imports of Article of Natural Cork in Sri Lanka

Article of natural cork imports into Sri Lanka declined notably to 3.6 tons in 2022, with a decrease of -33.8% against the previous year's figure. Over the period under review, imports saw a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 33%. As a result, imports reached the peak of 5.4 tons, and then reduced markedly in the following year.

In value terms, article of natural cork imports contracted dramatically to $53K in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 92% against the previous year. As a result, imports reached the peak of $81K, and then reduced sharply in the following year.

Top Suppliers of Article of Natural Cork to Sri Lanka in 2022:

1. China (1883.0 kg)
2. Portugal (1436.0 kg)
3. India (245.0 kg)

Exports of Article of Natural Cork in Sri Lanka

In 2022, overseas shipments of articles of natural cork decreased by -50% to 4 kg, falling for the second year in a row after two years of growth. In general, exports showed a sharp slump. The most prominent rate of growth was recorded in 2020 when exports increased by 381%. As a result, the exports attained the peak of 77 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, article of natural cork exports contracted dramatically to $7 in 2022. Overall, exports showed a dramatic slump. The growth pace was the most rapid in 2020 with an increase of 556% against the previous year. As a result, the exports reached the peak of $1.2K. From 2021 to 2022, the growth of the exports remained at a lower figure.

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

1. Seychelles (4.0 kg)

Source: IndexBox Market Intelligence Platform