Price for Article of Natural Cork in the Philippines - 2023
Contents:
- Price for Article of Natural Cork in the Philippines (CIF) - 2022
- Price for Article of Natural Cork in the Philippines (FOB) - 2022
- Imports of Article of Natural Cork in the Philippines
- Exports of Article of Natural Cork in the Philippines
Price for Article of Natural Cork in the Philippines (CIF) - 2022
In 2022, the average article of natural cork import price amounted to $7,274 per ton, growing by 64% against the previous year. In general, the import price continues to indicate a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($105,431 per ton), while the price for China ($2,632 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+35.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Article of Natural Cork in the Philippines (FOB) - 2022
The average article of natural cork export price stood at $15,409 per ton in 2022, dropping by -3.8% against the previous year. In general, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 58% against the previous year. As a result, the export price reached the peak level of $16,018 per ton, and then declined slightly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($30,814 per ton), while the average price for exports to French Polynesia ($2,254 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 Singapore (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Article of Natural Cork in the Philippines
In 2022, article of natural cork imports into the Philippines reduced to 58 tons, waning by -8.9% compared with the year before. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 38%.
In value terms, article of natural cork imports soared to $422K in 2022. In general, imports, however, continue to indicate modest growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Article of Natural Cork in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 18.6 | 27.5 | 31.1 | 77.1 | 60.6% |
| Portugal | 228 | 119 | 82.3 | 62.3 | -35.1% |
| China | 42.4 | 8.1 | 20.2 | 42.0 | -0.3% |
| Belgium | 16.4 | 4.5 | 15.6 | 32.4 | 25.5% |
| United Arab Emirates | 1.6 | 9.9 | 12.0 | 25.0 | 150.0% |
| Singapore | 13.3 | 8.4 | 4.8 | 12.1 | -3.1% |
| Others | 81.2 | 42.6 | 117 | 171 | 28.2% |
| Total | 401 | 220 | 283 | 422 | 1.7% |
Top Suppliers of Article of Natural Cork to the Philippines in 2022:
- Portugal (20.9 tons)
- China (16.0 tons)
- Canada (6.0 tons)
- Belgium (2.5 tons)
- Singapore (2.4 tons)
- United Arab Emirates (1.7 tons)
Exports of Article of Natural Cork in the Philippines
In 2022, approx. 393 kg of articles of natural cork were exported from the Philippines; which is down by -28.9% on 2021 figures. Overall, exports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 72%.
In value terms, article of natural cork exports contracted sharply to $6.1K in 2022. Over the period under review, exports recorded a dramatic slump. The pace of growth was the most pronounced in 2021 when exports increased by 173% against the previous year.
| Export of Article of Natural Cork in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3,098 | 465 | 1,813 | 1,370 | -23.8% |
| United Kingdom | 1,133 | 220 | 1,428 | 1,080 | -1.6% |
| United Arab Emirates | 2,503 | 298 | 732 | 553 | -39.5% |
| Japan | 3,939 | 401 | 753 | 517 | -49.2% |
| United States | 3,309 | 325 | 589 | 376 | -51.6% |
| Australia | 3,638 | 116 | 410 | 351 | -54.1% |
| Norway | 1,191 | 115 | 204 | 138 | -51.2% |
| Fiji | 501 | 56.0 | 116 | 91.0 | -43.4% |
| Sweden | 494 | 17.0 | 103 | 78.0 | -46.0% |
| French Polynesia | 207 | 25.0 | 58.0 | 50.0 | -37.7% |
| China | N/A | 605 | N/A | N/A | 0% |
| Others | 4,725 | 604 | 2,658 | 1,452 | -32.5% |
| Total | 24,738 | 3,247 | 8,864 | 6,056 | -37.4% |
Top Export Markets for Article of Natural Cork from the Philippines in 2022:
- Singapore (138.0 kg)
- United States (44.0 kg)
- Australia (38.0 kg)
- United Kingdom (35.0 kg)
- United Arab Emirates (23.0 kg)
- Japan (23.0 kg)
- French Polynesia (22.0 kg)
- Sweden (20.0 kg)
- Norway (5.0 kg)
- Fiji (5.0 kg)
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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...
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
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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
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
