Price for Article of Natural Cork in Angola - 2022

Contents:

1. Price for Article of Natural Cork in Angola (CIF) - 2022
2. Price for Article of Natural Cork in Angola (FOB) - 2022
3. Imports of Article of Natural Cork in Angola
4. Exports of Article of Natural Cork in Angola

Price for Article of Natural Cork in Angola (CIF) - 2022

The average article of natural cork import price stood at $5,357 per ton in 2022, which is down by -9.9% against the previous year. Overall, the import price saw a slight decline. The pace of growth was the most pronounced in 2015 when the average import price increased by 67% against the previous year. The import price peaked at $10,490 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($5,540 per ton), while the price for the United States ($2,184 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Article of Natural Cork in Angola (FOB) - 2022

The average article of natural cork export price stood at $6,594 per ton in 2022, falling by -75.4% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2021 an increase of 202% against the previous year. As a result, the export price reached the peak level of $26,840 per ton, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($26,504 per ton), while the average price for exports to Sao Tome and Principe totaled $6,441 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+2.9%).

Imports of Article of Natural Cork in Angola

In 2022, supplies from abroad of articles of natural cork decreased by -11.8% to 31 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 238% against the previous year.

In value terms, article of natural cork imports reduced remarkably to $164K in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 79%.

Top Suppliers of Article of Natural Cork to Angola in 2022:

1. United Arab Emirates (19.6 tons)
2. Portugal (5.3 tons)
3. China (1.9 tons)

Exports of Article of Natural Cork in Angola

In 2022, approx. 1 kg of articles of natural cork were exported from Angola; stabilizing at the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, article of natural cork exports skyrocketed to $6 in 2022. In general, exports saw a abrupt curtailment.

Top Export Markets for Article of Natural Cork from Angola in 2022:

1. Sao Tome and Principe (1.0 kg)

Source: IndexBox Market Intelligence Platform