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

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

The average import price for cork; natural cork, raw or simply prepareds stood at $2,876 per ton in 2022, rising by 2% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 13%. The import price peaked at $3,277 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,877 per ton), while the price for the United States ($2,876 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cork; natural cork, raw or simply prepareds amounted to $2,958 per ton, surging by 10% against the previous year. Over the period under review, the export price, however, recorded a abrupt decrease. The export price peaked at $5,750 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2015 to 2022, the rate of growth in terms of prices for Slovenia amounted to 0.0% per year.

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

In 2022, imports of cork; natural cork, raw or simply prepareds into Vietnam soared to 10 tons, with an increase of 222% compared with the year before. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 603%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of cork; natural cork, raw or simply prepareds skyrocketed to $30K in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 634%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Cork; Natural Cork, Raw or Simply Prepared in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	0.8	1.7	0.4	15.1	166.3%
Portugal	0.1	2.3	2.9	12.7	402.7%
China	0.1	0.9	0.6	1.8	162.1%
South Korea	0.9	8.2	1.6	N/A	33.3%
Others	0.2	1.3	3.4	N/A	312.3%
Total	2.0	14.5	9.0	29.6	145.5%

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

United States (5.2 tons)
Portugal (4.4 tons)
China (0.6 tons)

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

In 2022, approx. 4.8 tons of cork; natural cork, raw or simply prepareds were exported from Vietnam; increasing by 25,221% against the year before. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cork; natural cork, raw or simply prepareds surged to $14K in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.