Price for Cork; Natural Cork, Raw or Simply Prepared in South Korea - 2022
Contents:
- Price for Cork; Natural Cork, Raw or Simply Prepared in South Korea (CIF) - 2022
- Price for Cork; Natural Cork, Raw or Simply Prepared in South Korea (FOB) - 2022
- Imports of Cork; Natural Cork, Raw or Simply Prepared in South Korea
- Exports of Cork; Natural Cork, Raw or Simply Prepared in South Korea
Price for Cork; Natural Cork, Raw or Simply Prepared in South Korea (CIF) - 2022
In 2022, the average import price for cork; natural cork, raw or simply prepareds amounted to $3,178 per ton, with a decrease of -6.9% against the previous year. Over the period under review, the import price, however, continues to indicate mild growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 292%. The import price peaked at $11,001 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($10,348 per ton), while the price for Portugal ($2,643 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced a decline.
Price for Cork; Natural Cork, Raw or Simply Prepared in South Korea (FOB) - 2022
In 2022, the average export price for cork; natural cork, raw or simply prepareds amounted to $18,553 per ton, with an increase of 47% against the previous year. Overall, the export price posted buoyant growth. The growth pace was the most rapid in 2017 when the average export price increased by 135% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($19,880 per ton), while the average price for exports to Pakistan ($12,595 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cork; Natural Cork, Raw or Simply Prepared in South Korea
In 2022, overseas purchases of cork; natural cork, raw or simply prepareds decreased by -12% to 77 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 61%. As a result, imports attained the peak of 88 tons, and then shrank in the following year.
In value terms, imports of cork; natural cork, raw or simply prepareds reduced rapidly to $246K in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. As a result, imports reached the peak of $301K, and then contracted sharply in the following year.
| Import of Cork; Natural Cork, Raw or Simply Prepared in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 49.9 | 41.9 | 208 | 174 | 51.6% |
| Japan | 38.0 | 41.9 | 19.8 | 41.0 | 2.6% |
| Portugal | 165 | 85.2 | 69.6 | 31.3 | -42.5% |
| Others | 0.1 | 4.9 | 3.5 | 0.1 | 0.0% |
| Total | 253 | 174 | 301 | 246 | -0.9% |
Top Suppliers of Cork; Natural Cork, Raw or Simply Prepared to South Korea in 2022:
- China (61.7 tons)
- Portugal (11.8 tons)
- Japan (4.0 tons)
Exports of Cork; Natural Cork, Raw or Simply Prepared in South Korea
In 2022, after three years of growth, there was significant decline in overseas shipments of cork; natural cork, raw or simply prepareds, when their volume decreased by -63.6% to 6.6 tons. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 122%. As a result, the exports reached the peak of 18 tons, and then dropped markedly in the following year.
In value terms, exports of cork; natural cork, raw or simply prepareds contracted markedly to $122K in 2022. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 171% against the previous year. As a result, the exports attained the peak of $228K, and then shrank remarkably in the following year.
| Export of Cork; Natural Cork, Raw or Simply Prepared in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 22.1 | 12.0 | 147 | 79.9 | 53.5% |
| United Kingdom | 24.1 | 15.9 | 46.2 | 24.4 | 0.4% |
| Italy | N/A | 5.0 | 16.7 | 11.2 | 49.7% |
| Pakistan | N/A | 0.8 | 6.6 | 5.0 | 150.0% |
| Nigeria | 0.3 | N/A | N/A | N/A | 0% |
| Vietnam | N/A | 29.5 | 1.5 | N/A | -94.9% |
| Indonesia | 9.6 | 13.3 | 3.0 | N/A | -44.1% |
| Others | 3.5 | 7.8 | 7.7 | 2.0 | -17.0% |
| Total | 59.5 | 84.4 | 228 | 122 | 27.0% |
Top Export Markets for Cork; Natural Cork, Raw or Simply Prepared from South Korea in 2022:
- United States (4.0 tons)
- United Kingdom (1.2 tons)
- Italy (0.8 tons)
- Pakistan (0.4 tons)
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