Price for Cork; Natural Cork, Raw or Simply Prepared in Saudi Arabia - 2022
Contents:
- Price for Cork; Natural Cork, Raw or Simply Prepared in Saudi Arabia (FOB) - 2022
- Price for Cork; Natural Cork, Raw or Simply Prepared in Saudi Arabia (CIF) - 2022
- Exports of Cork; Natural Cork, Raw or Simply Prepared in Saudi Arabia
- Imports of Cork; Natural Cork, Raw or Simply Prepared in Saudi Arabia
Price for Cork; Natural Cork, Raw or Simply Prepared in Saudi Arabia (FOB) - 2022
The average export price for cork; natural cork, raw or simply prepareds stood at $2,031 per ton in 2022, approximately mirroring the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 46% against the previous year. As a result, the export price reached the peak level of $3,074 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Bahrain.
From 2016 to 2022, the rate of growth in terms of prices for Yemen amounted to -17.2% per year.
Price for Cork; Natural Cork, Raw or Simply Prepared in Saudi Arabia (CIF) - 2022
In 2021, the average import price for cork; natural cork, raw or simply prepareds amounted to $1,966 per ton, falling by -25.6% against the previous year. In general, the import price recorded a abrupt descent. The growth pace was the most rapid in 2020 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the peak figure at $16,218 per ton in 2016; however, from 2017 to 2021, 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 Malaysia ($4,174 per ton), while the price for India ($1,495 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+32.7%), while the prices for the other major suppliers experienced a decline.
Exports of Cork; Natural Cork, Raw or Simply Prepared in Saudi Arabia
In 2022, shipments abroad of cork; natural cork, raw or simply prepareds decreased by -1.3% to 1.8 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a significant decrease.
In value terms, exports of cork; natural cork, raw or simply prepareds declined to $3.6K in 2022. In general, exports continue to indicate a significant contraction.
| Export of Cork; Natural Cork, Raw or Simply Prepared in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | N/A | 67.2 | N/A | 3.6 | -76.9% |
| Germany | N/A | 5.9 | N/A | N/A | 0% |
| Yemen | 115 | N/A | 2.5 | N/A | -85.3% |
| Others | N/A | -73.2 | 1.1 | N/A | -101.5% |
| Total | 115 | N/A | 3.6 | 3.6 | -68.5% |
Top Export Markets for Cork; Natural Cork, Raw or Simply Prepared from Saudi Arabia in 2022:
- Bahrain (1.8 tons)
Imports of Cork; Natural Cork, Raw or Simply Prepared in Saudi Arabia
In 2021, imports of cork; natural cork, raw or simply prepareds into Saudi Arabia soared to 61 tons, rising by 869% against 2020 figures. In general, imports, however, continue to indicate a deep reduction.
In value terms, imports of cork; natural cork, raw or simply prepareds soared to $120K in 2021. Over the period under review, imports, however, recorded a significant decline.
| Import of Cork; Natural Cork, Raw or Simply Prepared in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 198 | 3.7 | 67.2 | -41.7% | |
| Malaysia | N/A | N/A | 39.8 | 0% | |
| India | N/A | 12.9 | 13.0 | 0.8% | |
| Others | 3.2 | N/A | N/A | 0% | |
| Total | 201 | 16.6 | 120 | -22.7% | |
Top Suppliers of Cork; Natural Cork, Raw or Simply Prepared to Saudi Arabia in 2022:
- China (42.8 tons)
- Malaysia (9.5 tons)
- India (8.7 tons)
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