Price for Cork; Natural Cork, Raw or Simply Prepared in Spain - 2023
Contents:
- Price for Cork; Natural Cork, Raw or Simply Prepared in Spain (FOB) - 2023
- Price for Cork; Natural Cork, Raw or Simply Prepared in Spain (CIF) - 2023
- Exports of Cork; Natural Cork, Raw or Simply Prepared in Spain
- Imports of Cork; Natural Cork, Raw or Simply Prepared in Spain
Price for Cork; Natural Cork, Raw or Simply Prepared in Spain (FOB) - 2023
In December 2023, the average export price for cork; natural cork, raw or simply prepareds amounted to $2,558 per ton, declining by -28% against the previous month. In general, the export price, however, saw buoyant growth. The pace of growth appeared the most rapid in January 2023 an increase of 102% m-o-m. The export price peaked at $3,553 per ton in November 2023, and then reduced notably in the following month.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Morocco ($4,222 per ton), while the average price for exports to France ($1,596 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 Morocco (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cork; Natural Cork, Raw or Simply Prepared in Spain (CIF) - 2023
In December 2023, the average import price for cork; natural cork, raw or simply prepareds amounted to $1,692 per ton, surging by 19% against the previous month. Over the period under review, the import price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in July 2023 an increase of 59% m-o-m. Over the period under review, average import prices reached the maximum at $4,129 per ton in September 2023; however, from October 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($533K per ton), while the price for Portugal ($1,209 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by France (+64.6%), while the prices for the other major suppliers experienced a decline.
Exports of Cork; Natural Cork, Raw or Simply Prepared in Spain
In 2022, exports of cork; natural cork, raw or simply prepareds from Spain skyrocketed to 42K tons, rising by 167% against the previous year's figure. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cork; natural cork, raw or simply prepareds skyrocketed to $82M in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cork; Natural Cork, Raw or Simply Prepared in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 27.3 | 29.9 | 40.9 | 80.1 | 43.2% |
| France | N/A | 0.2 | 0.7 | 1.2 | 144.9% |
| Others | 0.5 | 0.6 | 1.2 | 0.8 | 17.0% |
| Total | 27.8 | 30.7 | 42.8 | 82.1 | 43.5% |
Top Export Markets for Cork; Natural Cork, Raw or Simply Prepared from Spain in 2022:
- Portugal (40.3K tons)
- France (1.0K tons)
Imports of Cork; Natural Cork, Raw or Simply Prepared in Spain
In 2022, the amount of cork; natural cork, raw or simply prepareds imported into Spain surged to 6.6K tons, picking up by 61% on the previous year. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cork; natural cork, raw or simply prepareds soared to $9.8M in 2022. Overall, total imports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cork; Natural Cork, Raw or Simply Prepared in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 6.3 | 5.7 | 2.6 | 4.6 | -10.0% |
| Italy | 2.3 | 1.5 | 1.7 | 4.0 | 20.3% |
| France | 0.1 | 0.6 | 0.2 | 0.9 | 108.0% |
| Algeria | N/A | 0.5 | 0.7 | 0.2 | -36.8% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 8.8 | 8.3 | 5.2 | 9.8 | 3.7% |
Top Suppliers of Cork; Natural Cork, Raw or Simply Prepared to Spain in 2022:
- Portugal (4.1K tons)
- Italy (1.9K tons)
- France (0.4K tons)
- Algeria (0.1K tons)
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