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

Contents:

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

Price for Cork; Natural Cork, Raw or Simply Prepared in Italy (FOB) - 2023

In December 2023, the average export price for cork; natural cork, raw or simply prepareds amounted to $3,967 per ton, picking up by 19% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 26% against the previous month. The export price peaked in December 2023.

Average prices varied somewhat for the major overseas markets. In December 2023, the country with the highest price was China ($4,459 per ton), while the average price for exports to Spain ($3,442 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for cork; natural cork, raw or simply prepareds amounted to $2,485 per ton, increasing by 5.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 35% against the previous year. The import price peaked at $2,993 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($27,111 per ton), while the price for Portugal ($2,249 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+33.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, after two years of decline, there was significant growth in shipments abroad of cork; natural cork, raw or simply prepareds, when their volume increased by 9.8% to 6.2K tons. In general, exports, however, recorded a deep reduction.

In value terms, exports of cork; natural cork, raw or simply prepareds stood at $16M in 2022. Overall, exports, however, showed a pronounced downturn.

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

1. Portugal (3.2K tons)
2. Spain (2.7K tons)
3. France (0.1K tons)

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

In 2022, after two years of decline, there was significant growth in overseas purchases of cork; natural cork, raw or simply prepareds, when their volume increased by 65% to 227 tons. Overall, total imports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cork; natural cork, raw or simply prepareds surged to $564K in 2022. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Portugal (155.1 tons)
2. Spain (69.9 tons)

Source: IndexBox Market Intelligence Platform