Price for Cork; Natural Cork, Raw or Simply Prepared in Panama - 2022

Contents:

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

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

In 2022, the average import price for cork; natural cork, raw or simply prepareds amounted to $7,593 per ton, rising by 239% against the previous year. Overall, the import price posted a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.5% per year.

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

The average export price for cork; natural cork, raw or simply prepareds stood at $1,581 per ton in 2022, dropping by -9.3% against the previous year. In general, the export price showed a perceptible decline. The growth pace was the most rapid in 2013 an increase of 17%. As a result, the export price reached the peak level of $3,077 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Venezuela.

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to -4.9% per year.

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

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 408% to 300 kg. Overall, imports recorded a buoyant expansion. 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 skyrocketed to $2.3K in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (300.0 kg)

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

In 2022, the amount of cork; natural cork, raw or simply prepareds exported from Panama soared to 977 kg, jumping by 20% against the previous year. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 20%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of cork; natural cork, raw or simply prepareds reached $1.5K in 2022. The total export value increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Venezuela (977.0 kg)

Source: IndexBox Market Intelligence Platform