Price for Article of Natural Cork in Vietnam - 2021
Contents:
- Price for Article of Natural Cork in Vietnam (FOB) - 2022
- Price for Article of Natural Cork in Vietnam (CIF) - 2022
- Exports of Article of Natural Cork in Vietnam
- Imports of Article of Natural Cork in Vietnam
Price for Article of Natural Cork in Vietnam (FOB) - 2022
The average article of natural cork export price stood at $23,587 per ton in 2022, waning by -9.5% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, article of natural cork export price decreased by -20.9% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 42%. Over the period under review, the average export prices hit record highs at $29,804 per ton in 2019; however, from 2020 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 Singapore ($37,056 per ton), while the average price for exports to the UK ($3,127 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 Portugal (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Article of Natural Cork in Vietnam (CIF) - 2022
In 2022, the average article of natural cork import price amounted to $17,555 per ton, falling by -12.5% against the previous year. In general, the import price, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2021 an increase of 41%. As a result, import price reached the peak level of $20,059 per ton, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($27,542 per ton), while the price for China ($6,021 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Article of Natural Cork in Vietnam
Article of natural cork exports from Vietnam expanded sharply to 15 tons in 2022, with an increase of 7.5% against 2021 figures. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 47%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, article of natural cork exports reduced slightly to $355K in 2022. The total export value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 16%.
| Export of Article of Natural Cork in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | N/A | 246 | 0% |
| Japan | 283 | 286 | 336 | 86.4 | -32.7% |
| United Kingdom | N/A | N/A | N/A | 12.9 | 0% |
| Ireland | 1.1 | 0.9 | 3.9 | 1.8 | 17.8% |
| Saudi Arabia | N/A | 46.2 | N/A | N/A | 0% |
| Others | 13.2 | 12.8 | 25.2 | 8.3 | -14.3% |
| Total | 297 | 345 | 365 | 355 | 6.1% |
Top Export Markets for Article of Natural Cork from Vietnam in 2022:
- Singapore (6.6 tons)
- United Kingdom (4.1 tons)
- Japan (3.2 tons)
- Ireland (0.2 tons)
Imports of Article of Natural Cork in Vietnam
In 2022, the amount of articles of natural cork imported into Vietnam declined to 11 tons, shrinking by -4.3% compared with 2021. Over the period under review, imports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2021 when imports increased by 5.3%.
In value terms, article of natural cork imports reduced dramatically to $196K in 2022. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year.
| Import of Article of Natural Cork in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 155 | 95.8 | 94.4 | 69.8 | -23.4% |
| China | 8.7 | 2.6 | 12.8 | 17.3 | 25.8% |
| Japan | 57.8 | 31.8 | 8.4 | 9.4 | -45.4% |
| United Arab Emirates | 3.1 | 3.3 | 7.3 | 9.0 | 42.7% |
| Spain | 5.7 | 2.7 | 1.2 | 4.1 | -10.4% |
| Hong Kong SAR | 11.9 | 6.4 | 3.7 | 2.2 | -43.0% |
| South Korea | 7.4 | 4.7 | 1.8 | 1.4 | -42.6% |
| Taiwan (Chinese) | 3.5 | 1.0 | 1.4 | 0.8 | -38.9% |
| Others | 43.1 | 9.7 | 103 | 81.9 | 23.9% |
| Total | 296 | 158 | 234 | 196 | -12.8% |
Top Suppliers of Article of Natural Cork to Vietnam in 2022:
- Portugal (3.0 tons)
- China (2.9 tons)
- Japan (0.8 tons)
- United Arab Emirates (0.4 tons)
- Spain (0.4 tons)
- Taiwan (Chinese) (0.1 tons)
- South Korea (0.1 tons)
- Hong Kong SAR (0.1 tons)
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This report provides an in-depth analysis of the cork article market in Vietnam.
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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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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...
1552
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
