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

Contents:

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

Price for Cork; Natural Cork, Raw or Simply Prepared in India (CIF) - 2022

In 2022, the average import price for cork; natural cork, raw or simply prepareds amounted to $1,541 per ton, declining by -7.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 84% against the previous year. As a result, import price attained the peak level of $2,814 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,103 per ton), while the price for Algeria ($1,091 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cork; natural cork, raw or simply prepareds amounted to $10,818 per ton, surging by 197% against the previous year. Over the period under review, the export price showed a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($18,000 per ton), while the average price for exports to the United Arab Emirates ($1,000 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 Thailand (+168.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, after two years of decline, there was growth in purchases abroad of cork; natural cork, raw or simply prepareds, when their volume increased by 2.6% to 99 tons. Overall, imports, however, saw a sharp decline.

In value terms, imports of cork; natural cork, raw or simply prepareds declined to $153K in 2022. In general, imports, however, saw a precipitous setback.

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

1. Algeria (53.9 tons)
2. Portugal (36.6 tons)
3. Spain (6.7 tons)
4. United States (1.9 tons)

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

In 2022, exports of cork; natural cork, raw or simply prepareds from India shrank remarkably to 11 kg, with a decrease of -99.3% against 2021 figures. Over the period under review, exports continue to indicate a precipitous decrease. The smallest decline of -44.3% was in 2020.

In value terms, exports of cork; natural cork, raw or simply prepareds reduced sharply to $119 in 2022. Overall, exports recorded a sharp contraction. The smallest decline of -43.9% was in 2020.

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

1. Pakistan (5.0 kg)
2. Nigeria (2.0 kg)
3. Saudi Arabia (2.0 kg)
4. Indonesia (1.0 kg)
5. United Arab Emirates (1.0 kg)

Source: IndexBox Market Intelligence Platform