Price for Article of Natural Cork in Pakistan - 2023
Contents:
- Price for Article of Natural Cork in Pakistan (CIF) - 2022
- Price for Article of Natural Cork in Pakistan (FOB) - 2022
- Imports of Article of Natural Cork in Pakistan
- Exports of Article of Natural Cork in Pakistan
Price for Article of Natural Cork in Pakistan (CIF) - 2022
In 2022, the average article of natural cork import price amounted to $14,199 per ton, with an increase of 1.9% against the previous year. Overall, the import price recorded a prominent expansion. The pace of growth appeared the most rapid in 2019 an increase of 272% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($35,255 per ton), while the price for India ($2,398 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Article of Natural Cork in Pakistan (FOB) - 2022
In 2022, the average article of natural cork export price amounted to $8,925 per ton, with a decrease of -3.3% against the previous year. In general, the export price, however, enjoyed strong growth. The growth pace was the most rapid in 2019 when the average export price increased by 103% against the previous year. Over the period under review, the average export prices attained the maximum at $9,374 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
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 the United Arab Emirates ($23,469 per ton), while the average price for exports to Bahrain stood at $8,045 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Article of Natural Cork in Pakistan
In 2022, the amount of articles of natural cork imported into Pakistan dropped to 64 kg, declining by -8.6% compared with the previous year's figure. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 13%.
In value terms, article of natural cork imports reduced to $902 in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of $972, and then contracted in the following year.
| Import of Article of Natural Cork in Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 81.0 | 717 | 827 | 711 | 106.3% |
| Turkey | 162 | 33.0 | 36.0 | 29.0 | -43.6% |
| Portugal | 24.0 | 6.0 | 17.0 | 25.0 | 1.4% |
| China | 91.0 | 41.0 | 39.0 | 25.0 | -35.0% |
| United States | 51.0 | 7.0 | 15.0 | 14.0 | -35.0% |
| Netherlands | N/A | N/A | N/A | 10.0 | 0% |
| India | 31.0 | 6.0 | 7.0 | 5.0 | -45.6% |
| Kuwait | 242 | N/A | N/A | N/A | 0% |
| Others | 84.0 | 22.0 | 31.0 | 83.0 | -0.4% |
| Total | 766 | 832 | 972 | 902 | 5.6% |
Top Suppliers of Article of Natural Cork to Pakistan in 2022:
- United Arab Emirates (53.0 kg)
- China (3.0 kg)
- India (2.0 kg)
- Turkey (1.0 kg)
- Netherlands (1.0 kg)
- Portugal (1.0 kg)
- United States (1.0 kg)
Exports of Article of Natural Cork in Pakistan
After three years of growth, shipments abroad of articles of natural cork decreased by -4.3% to 291 kg in 2022. The total export volume increased at an average annual rate of +10.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, the exports reached the peak of 304 kg, and then contracted modestly in the following year.
In value terms, article of natural cork exports fell to $2.6K in 2022. The total export value increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year.
| Export of Article of Natural Cork in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 1.3 | 2.0 | 1.9 | 2.2 | 19.2% |
| United Arab Emirates | 0.6 | 0.4 | N/A | 0.4 | -12.6% |
| Saudi Arabia | N/A | N/A | 0.9 | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 2.0 | 2.4 | 2.8 | 2.6 | 9.1% |
Top Export Markets for Article of Natural Cork from Pakistan in 2022:
- Bahrain (271.0 kg)
- United Arab Emirates (17.0 kg)
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