Price for Cork; Natural Cork, Raw or Simply Prepared in Australia - 2024
Contents:
- Price for Cork; Natural Cork, Raw or Simply Prepared in Australia (CIF) - 2022
- Price for Cork; Natural Cork, Raw or Simply Prepared in Australia (FOB) - 2022
- Imports of Cork; Natural Cork, Raw or Simply Prepared in Australia
- Exports of Cork; Natural Cork, Raw or Simply Prepared in Australia
Price for Cork; Natural Cork, Raw or Simply Prepared in Australia (CIF) - 2022
The average import price for cork; natural cork, raw or simply prepareds stood at $8,711 per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price saw a temperate expansion. The most prominent rate of growth was recorded in 2018 an increase of 88% against the previous year. Over the period under review, average import prices hit record highs at $13,372 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($20,244 per ton), while the price for Portugal totaled $3,358 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cork; Natural Cork, Raw or Simply Prepared in Australia (FOB) - 2022
In 2022, the average export price for cork; natural cork, raw or simply prepareds amounted to $12,139 per ton, picking up by 34% against the previous year. Over the period under review, the export price enjoyed a notable increase. The most prominent rate of growth was recorded in 2016 an increase of 69%. The export price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($22,816 per ton), while the average price for exports to Papua New Guinea ($1,400 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 New Zealand (+9.1%).
Imports of Cork; Natural Cork, Raw or Simply Prepared in Australia
In 2022, purchases abroad of cork; natural cork, raw or simply prepareds decreased by 0% to 1.8 tons, falling for the second year in a row after two years of growth. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 440%. As a result, imports attained the peak of 7.2 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cork; natural cork, raw or simply prepareds stood at $15K in 2022. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 448%. As a result, imports reached the peak of $28K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Cork; Natural Cork, Raw or Simply Prepared in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.8 | 2.7 | N/A | 11.3 | 141.7% |
| Portugal | 0.5 | 11.2 | N/A | 4.0 | 100.0% |
| Spain | 0.3 | 0.6 | N/A | N/A | 100.0% |
| India | 1.5 | 4.3 | N/A | N/A | 186.7% |
| Others | 2.1 | 9.5 | N/A | N/A | 352.4% |
| Total | 5.2 | 28.3 | N/A | 15.3 | 43.3% |
Top Suppliers of Cork; Natural Cork, Raw or Simply Prepared to Australia in 2022:
- Portugal (1200.0 kg)
- United States (557.0 kg)
Exports of Cork; Natural Cork, Raw or Simply Prepared in Australia
In 2022, approx. 101 kg of cork; natural cork, raw or simply prepareds were exported from Australia; jumping by 33% against the year before. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 217% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cork; natural cork, raw or simply prepareds skyrocketed to $1.2K in 2022. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 380% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Cork; Natural Cork, Raw or Simply Prepared in Australia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 340 | 141 | 65.0 | 1,118 | 48.7% |
| Singapore | N/A | N/A | N/A | 43.0 | 0% |
| Papua New Guinea | 3.0 | 1.0 | 1.0 | 7.0 | 32.6% |
| South Africa | N/A | N/A | 608 | N/A | 0% |
| Others | N/A | 1.0 | 12.0 | 58.0 | 661.6% |
| Total | 343 | 143 | 686 | 1,226 | 52.9% |
Top Export Markets for Cork; Natural Cork, Raw or Simply Prepared from Australia in 2022:
- New Zealand (49.0 kg)
- Singapore (23.0 kg)
- Papua New Guinea (5.0 kg)
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