Price for Cork; Natural Cork, Raw or Simply Prepared in Malaysia - 2023

Contents:

1. Price for Cork; Natural Cork, Raw or Simply Prepared in Malaysia (FOB) - 2022
2. Price for Cork; Natural Cork, Raw or Simply Prepared in Malaysia (CIF) - 2022
3. Exports of Cork; Natural Cork, Raw or Simply Prepared in Malaysia
4. Imports of Cork; Natural Cork, Raw or Simply Prepared in Malaysia

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

The average export price for cork; natural cork, raw or simply prepareds stood at $2,893 per ton in 2022, shrinking by -37.4% against the previous year. Overall, the export price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 81% against the previous year. The export price peaked at $5,855 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 UK ($2,938 per ton), while the average price for exports to Singapore ($500 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 Qatar (+377.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for cork; natural cork, raw or simply prepareds amounted to $2,873 per ton, falling by -27.9% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 62% against the previous year. As a result, import price reached the peak level of $10,505 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Portugal.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +44.4% per year.

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

Exports of cork; natural cork, raw or simply prepareds from Malaysia reduced sharply to 1 tons in 2022, declining by -92.3% on 2021 figures. Over the period under review, exports faced a precipitous decrease. The smallest decline of -32.7% was in 2020.

In value terms, exports of cork; natural cork, raw or simply prepareds fell remarkably to $3K in 2022. Overall, exports faced a precipitous decline. The smallest decline of -29.2% was in 2020.

Top Export Markets for Cork; Natural Cork, Raw or Simply Prepared from Malaysia in 2022:

1. United Kingdom (1017.0 kg)
2. Kuwait (22.0 kg)

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

In 2022, purchases abroad of cork; natural cork, raw or simply prepareds decreased by -62.7% to 502 kg, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 17,544% against the previous year. As a result, imports attained the peak of 3.2 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cork; natural cork, raw or simply prepareds contracted sharply to $1.4K in 2022. Over the period under review, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 19,198%. As a result, imports reached the peak of $16K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Portugal (502.0 kg)

Source: IndexBox Market Intelligence Platform