Price for Article of Natural Cork in Libya - 2022
Contents:
Price for Article of Natural Cork in Libya (CIF) - 2022
In 2022, the average article of natural cork import price amounted to $17,465 per ton, surging by 38% against the previous year. In general, the import price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 an increase of 220%. As a result, import price reached the peak level of $37,486 per ton. From 2015 to 2022, the average 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 Turkey ($19,348 per ton), while the price for the United Arab Emirates amounted to $17,262 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-6.8%), while the prices for the other major suppliers experienced a decline.
Imports of Article of Natural Cork in Libya
Article of natural cork imports into Libya shrank dramatically to 1.2 tons in 2022, reducing by -78.5% compared with 2021. Overall, imports saw a dramatic curtailment. The growth pace was the most rapid in 2021 when imports increased by 5.1% against the previous year.
In value terms, article of natural cork imports shrank sharply to $21K in 2022. In general, imports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, imports reached the peak of $70K, and then reduced rapidly in the following year.
| Import of Article of Natural Cork in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 51.0 | 58.5 | 51.6 | 18.5 | -28.7% |
| Turkey | N/A | 1.5 | 16.5 | 2.2 | 21.1% |
| Tunisia | 2.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 1.5 | N/A | 0% |
| Total | 53.5 | 60.0 | 69.7 | 20.7 | -27.1% |
Top Suppliers of Article of Natural Cork to Libya in 2022:
- United Arab Emirates (1069.0 kg)
- Turkey (115.0 kg)
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This report provides an in-depth analysis of the cork article market in Libya.
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1628
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