Price for Cork; Natural Cork, Raw or Simply Prepared in Kuwait - 2022

Contents:

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

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

In 2022, the average import price for cork; natural cork, raw or simply prepareds amounted to $2,876 per ton, with a decrease of -48.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 78% against the previous year. Over the period under review, average import prices hit record highs at $8,559 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($2,876 per ton), while the price for Malaysia ($2,875 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cork; natural cork, raw or simply prepareds stood at $2,958 per ton in 2022, remaining stable against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 145%. As a result, the export price attained the peak level of $7,883 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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

From 2013 to 2022, the rate of growth in terms of prices for Iran amounted to +102.5% per year.

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

In 2022, after two years of decline, there was significant growth in supplies from abroad of cork; natural cork, raw or simply prepareds, when their volume increased by 263% to 4.8 tons. In general, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cork; natural cork, raw or simply prepareds skyrocketed to $14K in 2022. Over the period under review, imports, however, recorded a precipitous setback.

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

1. Spain (2.7 tons)
2. Malaysia (1.0 tons)
3. Croatia (1.0 tons)

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

In 2022, overseas shipments of cork; natural cork, raw or simply prepareds decreased by 0% to 1.4 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of cork; natural cork, raw or simply prepareds amounted to $4.1K in 2022. Overall, exports showed significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. United Arab Emirates (1.4 tons)

Source: IndexBox Market Intelligence Platform