Price for Article of Natural Cork in Morocco - 2022
Contents:
- Price for Article of Natural Cork in Morocco (FOB) - 2022
- Price for Article of Natural Cork in Morocco (CIF) - 2022
- Exports of Article of Natural Cork in Morocco
- Imports of Article of Natural Cork in Morocco
Price for Article of Natural Cork in Morocco (FOB) - 2022
In December 2022, the average article of natural cork export price amounted to $10,252 per ton, dropping by -21.9% against the previous month. Overall, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 45% m-o-m. Over the period under review, the average export prices reached the peak figure at $15,318 per ton in January 2022; however, from February 2022 to December 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Portugal.
From December 2021 to December 2022, the rate of growth in terms of prices for Spain amounted to +22.4% per month.
Price for Article of Natural Cork in Morocco (CIF) - 2022
The average article of natural cork import price stood at $8,310 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price saw notable growth. The growth pace was the most rapid in 2013 an increase of 125%. The import price peaked at $14,745 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($12,771 per ton), while the price for China ($2,674 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Article of Natural Cork in Morocco
After two years of decline, overseas shipments of articles of natural cork increased by 163% to 1.1K tons in 2022. Over the period under review, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, article of natural cork exports skyrocketed to $17M in 2022. In general, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Article of Natural Cork in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 11.2 | 6.6 | 6.3 | 16.0 | 12.6% |
| Spain | 0.2 | 0.5 | 0.2 | 0.6 | 44.2% |
| Italy | 1.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.3 | 7.1 | 6.6 | 16.6 | 10.5% |
Top Export Markets for Article of Natural Cork from Morocco in 2022:
- Portugal (1082.5 tons)
- Spain (51.5 tons)
Imports of Article of Natural Cork in Morocco
In 2022, imports of articles of natural cork into Morocco surged to 34 tons, rising by 219% on the year before. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, article of natural cork imports surged to $279K in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Article of Natural Cork in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 102 | 22.3 | 44.5 | 185 | 22.0% |
| China | 17.6 | 5.5 | 9.1 | 35.2 | 26.0% |
| Italy | 15.5 | 1.6 | 5.0 | 24.2 | 16.0% |
| France | 3.4 | 12.8 | 1.3 | 19.0 | 77.5% |
| Spain | 2.6 | 1.9 | 2.0 | 7.1 | 39.8% |
| Others | 1.0 | 4.0 | 25.6 | 9.1 | 108.8% |
| Total | 142 | 48.1 | 87.5 | 279 | 25.2% |
Top Suppliers of Article of Natural Cork to Morocco in 2022:
- Portugal (14.5 tons)
- China (13.2 tons)
- France (3.0 tons)
- Italy (1.9 tons)
- Spain (1.0 tons)
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This report provides an in-depth analysis of the cork article market in Morocco.
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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...
1567
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
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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...
1567
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
1096
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
