Price for Article of Natural Cork in Tanzania - 2022
Contents:
- Price for Article of Natural Cork in Tanzania (CIF) - 2022
- Price for Article of Natural Cork in Tanzania (FOB) - 2022
- Imports of Article of Natural Cork in Tanzania
- Exports of Article of Natural Cork in Tanzania
Price for Article of Natural Cork in Tanzania (CIF) - 2022
In 2022, the average article of natural cork import price amounted to $14,040 per ton, waning by -79.1% against the previous year. Over the period under review, the import price saw a perceptible contraction. The growth pace was the most rapid in 2018 when the average import price increased by 116%. The import price peaked at $67,112 per ton in 2021, and then reduced rapidly in the following year.
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 the UK ($44,000 per ton), while the price for China ($13,759 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 Arab Emirates (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Article of Natural Cork in Tanzania (FOB) - 2022
In 2022, the average article of natural cork export price amounted to $15,601 per ton, declining by -3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices hit record highs at $16,145 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($16,011 per ton), while the average price for exports to Zambia stood at $3,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+2.1%).
Imports of Article of Natural Cork in Tanzania
In 2022, the amount of articles of natural cork imported into Tanzania surged to 430 kg, jumping by 142% compared with 2021. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, article of natural cork imports shrank significantly to $6K in 2022. Over the period under review, imports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 108% against the previous year. As a result, imports reached the peak of $12K, and then declined significantly in the following year.
| Import of Article of Natural Cork in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | 0.1 | 3.2 | 3100.0% |
| China | N/A | 0.1 | 0.3 | 2.7 | 419.6% |
| Spain | 5.0 | 4.3 | 8.0 | N/A | 26.5% |
| India | 0.4 | 1.0 | 3.0 | N/A | 173.9% |
| Others | 0.3 | 0.3 | 0.5 | 0.1 | -30.7% |
| Total | 5.8 | 5.8 | 11.9 | 6.0 | 1.1% |
Top Suppliers of Article of Natural Cork to Tanzania in 2022:
- South Africa (230.0 kg)
- China (195.0 kg)
- India (1.0 kg)
Exports of Article of Natural Cork in Tanzania
After two years of decline, overseas shipments of articles of natural cork increased by 4% to 286 kg in 2022. Overall, exports, however, recorded a drastic downturn.
In value terms, article of natural cork exports amounted to $4.5K in 2022. Over the period under review, exports, however, saw a perceptible descent.
| Export of Article of Natural Cork in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 5.1 | 4.9 | 4.3 | 4.4 | -4.8% |
| Zambia | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 5.2 | 4.9 | 4.4 | 4.5 | -4.7% |
Top Export Markets for Article of Natural Cork from Tanzania in 2022:
- Rwanda (277.0 kg)
- Zambia (9.0 kg)
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