Price for Cork; Natural Cork, Raw or Simply Prepared in China - 2023

Contents:

1. Price for Cork; Natural Cork, Raw or Simply Prepared in China (CIF) - 2023
2. Price for Cork; Natural Cork, Raw or Simply Prepared in China (FOB) - 2022
3. Imports of Cork; Natural Cork, Raw or Simply Prepared in China
4. Exports of Cork; Natural Cork, Raw or Simply Prepared in China

Price for Cork; Natural Cork, Raw or Simply Prepared in China (CIF) - 2023

The average import price for cork; natural cork, raw or simply prepareds stood at $4,052 per ton in December 2023, dropping by -10.4% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 31% month-to-month. The import price peaked at $4,574 per ton in August 2023; however, from September 2023 to December 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Portugal.

From December 2022 to December 2023, the rate of growth in terms of prices for Italy amounted to +1.1% per month.

Price for Cork; Natural Cork, Raw or Simply Prepared in China (FOB) - 2022

The average export price for cork; natural cork, raw or simply prepareds stood at $3,637 per ton in 2021, increasing by 13% against the previous year. Overall, the export price posted strong growth. The growth pace was the most rapid in 2014 an increase of 638% against the previous year. As a result, the export price reached the peak level of $13,917 per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($3,956 per ton), while the average price for exports to Japan stood at $3,297 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+136.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cork; Natural Cork, Raw or Simply Prepared in China

In 2022, the amount of cork; natural cork, raw or simply prepareds imported into China reduced to 1.9K tons, shrinking by -7.1% against the previous year's figure. Overall, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year.

In value terms, imports of cork; natural cork, raw or simply prepareds shrank to $6.4M in 2022. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 28%.

Top Suppliers of Cork; Natural Cork, Raw or Simply Prepared to China in 2022:

1. Portugal (1659.6 tons)
2. Spain (115.6 tons)
3. Italy (72.4 tons)

Exports of Cork; Natural Cork, Raw or Simply Prepared in China

For the third consecutive year, China recorded growth in overseas shipments of cork; natural cork, raw or simply prepareds, which increased by 29% to 4.6 tons in 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 381%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of cork; natural cork, raw or simply prepareds surged to $17K in 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 389% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

Top Export Markets for Cork; Natural Cork, Raw or Simply Prepared from China in 2022:

1. Vietnam (2.4 tons)
2. Japan (2.2 tons)

Source: IndexBox Market Intelligence Platform