Price for Cork; Natural Cork, Raw or Simply Prepared in the United States - 2023
Contents:
- Price for Cork; Natural Cork, Raw or Simply Prepared in the United States (FOB) - 2023
- Price for Cork; Natural Cork, Raw or Simply Prepared in the United States (CIF) - 2022
- Exports of Cork; Natural Cork, Raw or Simply Prepared in the United States
- Imports of Cork; Natural Cork, Raw or Simply Prepared in the United States
Price for Cork; Natural Cork, Raw or Simply Prepared in the United States (FOB) - 2023
The average export price for cork; natural cork, raw or simply prepareds stood at $16,300 per ton in December 2023, therefore, remained relatively stable against the previous month. In general, the export price recorded a perceptible decline. The pace of growth was the most pronounced in October 2023 when the average export price increased by 56% month-to-month. Over the period under review, the average export prices reached the maximum at $24,316 per ton in December 2022; however, from January 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Portugal ($17,645 per ton), while the average price for exports to Pakistan ($7,745 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 Mexico (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cork; Natural Cork, Raw or Simply Prepared in the United States (CIF) - 2022
In 2022, the average import price for cork; natural cork, raw or simply prepareds amounted to $4,050 per ton, waning by -7% against the previous year. In general, the import price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2016 an increase of 44%. The import price peaked at $4,355 per ton in 2021, and then fell in the following year.
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 Sweden ($5,380 per ton), while the price for Poland ($2,199 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+83.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cork; Natural Cork, Raw or Simply Prepared in the United States
In 2022, approx. 327 tons of cork; natural cork, raw or simply prepareds were exported from the United States; jumping by 208% against the previous year. Overall, exports enjoyed a significant expansion. 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 soared to $4.1M in 2022. In general, exports saw 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 the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 1,354 | 1,516 | 506 | 1,848 | 10.9% |
| Mexico | 144 | 56.9 | 62.1 | 1,780 | 131.2% |
| Vietnam | 20.9 | 41.4 | 28.3 | 79.2 | 55.9% |
| India | 6.4 | 5.6 | 35.0 | 71.2 | 123.2% |
| Pakistan | 20.9 | 20.9 | 41.8 | 30.4 | 13.3% |
| Indonesia | 41.3 | 23.5 | 21.0 | 19.8 | -21.7% |
| Dominican Republic | 96.4 | N/A | N/A | N/A | 0% |
| Singapore | 43.1 | 29.1 | 28.8 | N/A | -18.3% |
| Estonia | N/A | N/A | 51.8 | N/A | 0% |
| Brazil | 53.4 | N/A | N/A | N/A | 0% |
| Others | 185 | 202 | 217 | 245 | 9.8% |
| Total | 1,965 | 1,896 | 992 | 4,073 | 27.5% |
Top Export Markets for Cork; Natural Cork, Raw or Simply Prepared from the United States in 2022:
- Mexico (162.2 tons)
- Portugal (131.4 tons)
- Vietnam (11.5 tons)
- India (4.8 tons)
- Pakistan (3.1 tons)
- Indonesia (1.3 tons)
Imports of Cork; Natural Cork, Raw or Simply Prepared in the United States
In 2022, the amount of cork; natural cork, raw or simply prepareds imported into the United States declined rapidly to 223 tons, falling by -37.9% on 2021 figures. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 74%.
In value terms, imports of cork; natural cork, raw or simply prepareds declined markedly to $904K in 2022. In general, imports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 138% against the previous year. As a result, imports attained the peak of $1.6M, and then fell remarkably in the following year.
| Import of Cork; Natural Cork, Raw or Simply Prepared in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 217 | 451 | 763 | 611 | 41.2% |
| China | 93.7 | 53.9 | 71.2 | 134 | 12.7% |
| Sweden | N/A | N/A | N/A | 131 | 0% |
| Poland | N/A | N/A | N/A | 11.0 | 0% |
| Spain | 112 | 9.3 | 22.7 | 4.8 | -65.0% |
| Germany | 19.7 | 41.6 | 191 | N/A | 211.4% |
| Netherlands | 636 | 85.8 | 312 | N/A | -30.0% |
| Others | 14.7 | 15.0 | 206 | 12.1 | -6.3% |
| Total | 1,093 | 656 | 1,565 | 904 | -6.1% |
Top Suppliers of Cork; Natural Cork, Raw or Simply Prepared to the United States in 2022:
- Portugal (164.7 tons)
- China (26.1 tons)
- Sweden (24.4 tons)
- Poland (5.0 tons)
- Spain (1.2 tons)
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