Price for Cork; Natural Cork, Raw or Simply Prepared in the United Arab Emirates - 2022

Contents:

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

Price for Cork; Natural Cork, Raw or Simply Prepared in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for cork; natural cork, raw or simply prepareds amounted to $2,400 per ton, dropping by -41.2% against the previous year. Overall, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 69%. The import price peaked at $14,956 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,632 per ton), while the price for Iran stood at $1,004 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+33.2%), while the prices for the other major suppliers experienced a decline.

Price for Cork; Natural Cork, Raw or Simply Prepared in the United Arab Emirates (FOB) - 2022

The average export price for cork; natural cork, raw or simply prepareds stood at $670 per ton in 2022, shrinking by -69.8% against the previous year. Overall, the export price showed a abrupt descent. The growth pace was the most rapid in 2021 when the average export price increased by 171%. The export price peaked at $2,531 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($671 per ton), while the average price for exports to Qatar stood at $508 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+83.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cork; Natural Cork, Raw or Simply Prepared in the United Arab Emirates

Imports of cork; natural cork, raw or simply prepareds into the United Arab Emirates surged to 3.9 tons in 2022, with an increase of 83% against the previous year. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 7,859%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, imports of cork; natural cork, raw or simply prepareds amounted to $9.5K in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 9,328%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Cork; Natural Cork, Raw or Simply Prepared in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.30.14.87.6193.7%
Iran0.1N/A0.41.1122.4%
Others0.4N/A3.50.826.0%
Total0.70.18.89.5138.5%

Top Suppliers of Cork; Natural Cork, Raw or Simply Prepared to the United Arab Emirates in 2022:

  1. China (2.9 tons)
  2. Iran (1.1 tons)

Exports of Cork; Natural Cork, Raw or Simply Prepared in the United Arab Emirates

Exports of cork; natural cork, raw or simply prepareds from the United Arab Emirates skyrocketed to 4.3 tons in 2022, jumping by 127% against the previous year. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 807%. As a result, the exports reached the peak of 21 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cork; natural cork, raw or simply prepareds contracted markedly to $2.9K in 2022. Over the period under review, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 220% against the previous year. As a result, the exports reached the peak of $17K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Cork; Natural Cork, Raw or Simply Prepared in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
OmanN/A0.30.12.8205.5%
QatarN/AN/AN/A0.10%
Democratic Republic of the CongoN/A3.6N/AN/A0%
Iran4.39.82.9N/A-17.9%
YemenN/A0.4N/AN/A0%
Saudi Arabia0.10.50.2N/A41.4%
Others1.02.80.9N/A-5.1%
Total5.517.54.22.9-19.2%

Top Export Markets for Cork; Natural Cork, Raw or Simply Prepared from the United Arab Emirates in 2022:

  1. Oman (4.2 tons)
  2. Qatar (0.1 tons)

Source: IndexBox Market Intelligence Platform

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