Price for Cork; Natural Cork, Raw or Simply Prepared in Bulgaria - 2023

Contents:

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

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

The average import price for cork; natural cork, raw or simply prepareds stood at $17,320 per ton in 2022, dropping by -3.4% against the previous year. In general, the import price, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 16% against the previous year. As a result, import price reached the peak level of $25,322 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Greece amounted to +29.6% per year.

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

In 2022, the average export price for cork; natural cork, raw or simply prepareds amounted to $4,813 per ton, flattening at the previous year. Overall, export price indicated a significant increase from 2020 to 2022: its price increased at an average annual rate of +26.8% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cork; natural cork, raw or simply prepareds increased by +60.8% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 59%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($10,396 per ton), while the average price for exports to the Netherlands stood at $3,715 per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.4%).

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

In 2022, approx. 500 kg of cork; natural cork, raw or simply prepareds were imported into Bulgaria; jumping by 426% compared with the previous year's figure. Overall, imports, however, faced a abrupt decrease.

In value terms, imports of cork; natural cork, raw or simply prepareds skyrocketed to $8.7K in 2022. In general, imports, however, saw a precipitous shrinkage.

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

1. United States (498.0 kg)

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

In 2022, after two years of growth, there was significant decline in shipments abroad of cork; natural cork, raw or simply prepareds, when their volume decreased by -73% to 584 kg. Over the period under review, exports showed a significant decline. The pace of growth was the most pronounced in 2021 when exports increased by 23% against the previous year. As a result, the exports attained the peak of 2.2 tons, and then contracted sharply in the following year.

In value terms, exports of cork; natural cork, raw or simply prepareds dropped significantly to $2.8K in 2022. In general, exports showed a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 96%. As a result, the exports reached the peak of $10K, and then reduced rapidly in the following year.

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

1. Netherlands (488.0 kg)
2. Norway (96.0 kg)

Source: IndexBox Market Intelligence Platform