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

Contents:

1. Price for Cork; Natural Cork, Raw or Simply Prepared in Pakistan (CIF) - 2022
2. Imports of Cork; Natural Cork, Raw or Simply Prepared in Pakistan

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

The average import price for cork; natural cork, raw or simply prepareds stood at $2,068 per ton in 2022, increasing by 11% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 68%. Over the period under review, average import prices reached the peak figure at $2,533 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,168 per ton), while the price for Japan ($1,898 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, imports of cork; natural cork, raw or simply prepareds into Pakistan fell dramatically to 31 tons, with a decrease of -20.4% against 2021 figures. Overall, imports, however, saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of 126%. As a result, imports reached the peak of 39 tons, and then declined sharply in the following year.

In value terms, imports of cork; natural cork, raw or simply prepareds contracted to $64K in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 66%. As a result, imports reached the peak of $72K, and then fell in the following year.

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

1. United States (17.9 tons)
2. Japan (9.2 tons)
3. China (3.7 tons)

Source: IndexBox Market Intelligence Platform