Price for Article of Natural Cork in Thailand - 2023
Contents:
- Price for Article of Natural Cork in Thailand (CIF) - 2022
- Price for Article of Natural Cork in Thailand (FOB) - 2022
- Imports of Article of Natural Cork in Thailand
- Exports of Article of Natural Cork in Thailand
Price for Article of Natural Cork in Thailand (CIF) - 2022
In 2022, the average article of natural cork import price amounted to $11,920 per ton, declining by -5.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 75% against the previous year. The import price peaked at $18,258 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($62,284 per ton), while the price for China ($4,335 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+11.5%), while the prices for the other major suppliers experienced a decline.
Price for Article of Natural Cork in Thailand (FOB) - 2022
The average article of natural cork export price stood at $9,257 per ton in 2022, which is down by -55.7% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2021 when the average export price increased by 1,430%. The export price peaked at $26,892 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($17,562 per ton), while the average price for exports to Myanmar ($1,252 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 Singapore (+5.5%), while the prices for the other major destinations experienced a decline.
Imports of Article of Natural Cork in Thailand
In 2022, purchases abroad of articles of natural cork decreased by -5.7% to 13 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. As a result, imports attained the peak of 13 tons, and then contracted in the following year.
In value terms, article of natural cork imports reduced to $150K in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. As a result, imports reached the peak of $170K, and then shrank in the following year.
| Import of Article of Natural Cork in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 18.2 | 82.1 | 80.9 | 113 | 83.8% |
| China | 40.7 | 30.0 | 35.4 | 26.1 | -13.8% |
| Japan | 44.7 | 3.1 | 51.7 | 10.5 | -38.3% |
| United Arab Emirates | 3.0 | N/A | N/A | N/A | 0% |
| Others | 21.1 | 8.9 | 1.6 | 0.5 | -71.3% |
| Total | 128 | 124 | 170 | 150 | 5.4% |
Top Suppliers of Article of Natural Cork to Thailand in 2022:
- Portugal (6.4 tons)
- China (6.0 tons)
- Japan (0.2 tons)
Exports of Article of Natural Cork in Thailand
In 2022, the amount of articles of natural cork exported from Thailand skyrocketed to 565 kg, growing by 359% against the previous year's figure. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 4,055%. As a result, the exports attained the peak of 5.2 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, article of natural cork exports surged to $5.2K in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 375%. As a result, the exports reached the peak of $7.1K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Article of Natural Cork in Thailand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 4.0 | 167 | 4,312 | 3183.3% |
| Hong Kong SAR | 12.0 | 31.0 | 78.0 | 593 | 267.0% |
| Cambodia | 12.0 | 62.0 | 118 | 232 | 168.4% |
| Myanmar | N/A | 6,824 | 17.0 | 58.0 | -90.8% |
| United Arab Emirates | 1,368 | N/A | N/A | N/A | 0% |
| Others | 101 | 170 | 2,187 | 31.0 | -32.5% |
| Total | 1,493 | 7,091 | 2,567 | 5,226 | 51.8% |
Top Export Markets for Article of Natural Cork from Thailand in 2022:
- United States (449.0 kg)
- Myanmar (46.0 kg)
- Hong Kong SAR (34.0 kg)
- Cambodia (31.0 kg)
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This report provides an in-depth analysis of the cork article market in Thailand.
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This report provides an in-depth analysis of the global cork article market.
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This report provides an in-depth analysis of the global natural cork stopper market.
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In 2016, approx. X tons of natural cork were imported worldwide- lowering by -X% against the previous year level. In general, natural cork imports continue to indicate a relatively flat trend pa...
1568
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
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Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was
1861
In 2016, approx. X tons of natural cork were imported worldwide- lowering by -X% against the previous year level. In general, natural cork imports continue to indicate a relatively flat trend pa...
1568
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
1097
Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was
