Price for Article of Natural Cork in Japan - 2023

Contents:

1. Price for Article of Natural Cork in Japan (CIF) - 2023
2. Price for Article of Natural Cork in Japan (FOB) - 2022
3. Imports of Article of Natural Cork in Japan
4. Exports of Article of Natural Cork in Japan

Price for Article of Natural Cork in Japan (CIF) - 2023

The average article of natural cork import price stood at $61,264 per ton in July 2023, increasing by 46% against the previous month. In general, the import price enjoyed prominent growth. The pace of growth was the most pronounced in October 2022 an increase of 67% against the previous month. The import price peaked in July 2023.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($99,333 per ton), while the price for Taiwan (Chinese) ($20,787 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average article of natural cork export price amounted to $104,625 per ton, with an increase of 49% against the previous year. Overall, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of 186% against the previous year. As a result, the export price reached the peak level of $108,264 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($1,542,746 per ton), while the average price for exports to Taiwan (Chinese) ($33,508 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Article of Natural Cork in Japan

Article of natural cork imports into Japan plummeted to 75 tons in 2022, waning by -38.2% compared with the year before. Over the period under review, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 45%.

In value terms, article of natural cork imports contracted to $2.7M in 2022. In general, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year.

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

1. Portugal (49.9 tons)
2. China (21.2 tons)
3. Taiwan (Chinese) (1.3 tons)
4. France (1.1 tons)

Exports of Article of Natural Cork in Japan

In 2022, shipments abroad of articles of natural cork decreased by -45% to 281 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 36%. As a result, the exports reached the peak of 616 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, article of natural cork exports contracted markedly to $29K in 2022. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 27%. As a result, the exports attained the peak of $47K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. China (178.0 kg)
2. Taiwan (Chinese) (96.0 kg)
3. South Korea (7.0 kg)

Source: IndexBox Market Intelligence Platform