Price for Cork; Natural Cork, Raw or Simply Prepared in Brazil - 2022

Contents:

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

Price for Cork; Natural Cork, Raw or Simply Prepared in Brazil (CIF) - 2022

The average import price for cork; natural cork, raw or simply prepareds stood at $2,194 per ton in 2022, growing by 10% against the previous year. In general, the import price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 38%. The import price peaked at $10,221 per ton in 2015; however, from 2016 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 Portugal ($9,195 per ton), while the price for Spain ($368 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+2.1%), while the prices for the other major suppliers experienced a decline.

Price for Cork; Natural Cork, Raw or Simply Prepared in Brazil (FOB) - 2022

In 2022, the average export price for cork; natural cork, raw or simply prepareds amounted to $5,000 per ton, increasing by 23% against the previous year. Over the period under review, the export price continues to indicate modest growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Uruguay.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +21.7% per year.

Imports of Cork; Natural Cork, Raw or Simply Prepared in Brazil

In 2022, purchases abroad of cork; natural cork, raw or simply prepareds decreased by -18.9% to 2.8 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 17%. As a result, imports attained the peak of 4.3 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cork; natural cork, raw or simply prepareds declined to $6.2K in 2022. Overall, imports continue to indicate a abrupt downturn. The smallest decline of -10.4% was in 2020.

Top Suppliers of Cork; Natural Cork, Raw or Simply Prepared to Brazil in 2022:

1. Spain (1482.0 kg)
2. United States (1026.0 kg)
3. Portugal (334.0 kg)

Exports of Cork; Natural Cork, Raw or Simply Prepared in Brazil

In 2022, shipments abroad of cork; natural cork, raw or simply prepareds decreased by -99.6% to 50 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 550%. As a result, the exports reached the peak of 13 tons, and then fell significantly in the following year.

In value terms, exports of cork; natural cork, raw or simply prepareds contracted dramatically to $250 in 2022. Over the period under review, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 691% against the previous year. As a result, the exports reached the peak of $53K, and then declined sharply in the following year.

Top Export Markets for Cork; Natural Cork, Raw or Simply Prepared from Brazil in 2022:

1. Uruguay (50.0 kg)

Source: IndexBox Market Intelligence Platform