Price for Cork; Natural Cork, Raw or Simply Prepared in Norway - 2024

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

The average import price for cork; natural cork, raw or simply prepareds stood at $5,297 per ton in 2022, dropping by -46.2% against the previous year. Overall, the import price recorded a noticeable downturn. The pace of growth was the most pronounced in 2018 an increase of 97% against the previous year. As a result, import price reached the peak level of $20,493 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 Portugal ($32,553 per ton), while the price for Germany ($2,932 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cork; natural cork, raw or simply prepareds amounted to $7,844 per ton, which is down by -51.5% against the previous year. Overall, the export price, however, posted a buoyant increase. The growth pace was the most rapid in 2021 an increase of 440% against the previous year. As a result, the export price attained the peak level of $16,157 per ton, and then reduced remarkably in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +41.1% per year.

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

Imports of cork; natural cork, raw or simply prepareds into Norway surged to 19 tons in 2022, picking up by 436% against the previous year. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cork; natural cork, raw or simply prepareds soared to $101K in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cork; Natural Cork, Raw or Simply Prepared in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	0.8	0.3	0.4	46.0	286.0%
Germany	0.6	1.3	0.2	39.5	303.8%
Bulgaria	N/A	N/A	N/A	3.1	0%
Portugal	5.1	3.3	1.9	1.2	-38.3%
Poland	3.1	4.1	3.0	0.8	-36.3%
Netherlands	0.6	1.7	19.0	0.1	-45.0%
Denmark	0.5	9.6	0.8	0.1	-41.5%
Lithuania	2.6	13.0	1.9	N/A	-14.5%
Others	14.2	4.1	7.7	9.7	-11.9%
Total	27.5	37.4	34.9	101	54.3%

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

Germany (13.5 tons)
Sweden (4.7 tons)
Bulgaria (0.4 tons)

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

In 2022, after two years of decline, there was significant growth in shipments abroad of cork; natural cork, raw or simply prepareds, when their volume increased by 202% to 154 kg. In general, exports, however, continue to indicate a precipitous curtailment.

In value terms, exports of cork; natural cork, raw or simply prepareds soared to $1.2K in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn.