Price for Cork; Natural Cork, Raw or Simply Prepared in the Dominican Republic - 2022
Contents:
- Price for Cork; Natural Cork, Raw or Simply Prepared in the Dominican Republic (FOB) - 2022
- Price for Cork; Natural Cork, Raw or Simply Prepared in the Dominican Republic (CIF) - 2022
- Exports of Cork; Natural Cork, Raw or Simply Prepared in the Dominican Republic
- Imports of Cork; Natural Cork, Raw or Simply Prepared in the Dominican Republic
Price for Cork; Natural Cork, Raw or Simply Prepared in the Dominican Republic (FOB) - 2022
The average export price for cork; natural cork, raw or simply prepareds stood at $1,163 per ton in 2022, rising by 34% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 77% against the previous year. The export price peaked at $3,113 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($1,728 per ton), while the average price for exports to the United Arab Emirates stood at $591 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+4.1%), while the prices for the other major destinations experienced a decline.
Price for Cork; Natural Cork, Raw or Simply Prepared in the Dominican Republic (CIF) - 2022
In 2022, the average import price for cork; natural cork, raw or simply prepareds amounted to $2,176 per ton, waning by -17.1% against the previous year. Overall, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2015 an increase of 45%. Over the period under review, average import prices hit record highs at $8,187 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +15.3% per year.
Exports of Cork; Natural Cork, Raw or Simply Prepared in the Dominican Republic
In 2022, approx. 12 tons of cork; natural cork, raw or simply prepareds were exported from the Dominican Republic; with a decrease of -25.2% against the previous year's figure. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 496%. As a result, the exports reached the peak of 16 tons, and then dropped remarkably in the following year.
In value terms, exports of cork; natural cork, raw or simply prepareds reached $14K in 2022. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 123%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Cork; Natural Cork, Raw or Simply Prepared in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 9.5 | 3.3 | 5.5 | 10.5 | 3.4% |
| United Arab Emirates | 2.5 | 0.9 | 1.7 | 3.5 | 11.9% |
| United States | N/A | 2.0 | 6.7 | N/A | 235.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.0 | 6.2 | 13.9 | 14.0 | 5.3% |
Top Export Markets for Cork; Natural Cork, Raw or Simply Prepared from the Dominican Republic in 2022:
- Kuwait (6.1 tons)
- United Arab Emirates (6.0 tons)
Imports of Cork; Natural Cork, Raw or Simply Prepared in the Dominican Republic
In 2022, purchases abroad of cork; natural cork, raw or simply prepareds decreased by -50.8% to 312 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2020 with an increase of 44% against the previous year.
In value terms, imports of cork; natural cork, raw or simply prepareds dropped sharply to $679 in 2022. In general, imports showed a significant decrease. The smallest decline of -13.5% was in 2020.
| Import of Cork; Natural Cork, Raw or Simply Prepared in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,127 | 1,054 | 1,049 | 679 | -15.5% |
| Colombia | 24.0 | 31.0 | 45.0 | N/A | 36.9% |
| United States | 1,702 | 1,236 | 215 | N/A | -64.5% |
| Mexico | 78.0 | 214 | 356 | N/A | 113.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,931 | 2,535 | 1,665 | 679 | -38.6% |
Top Suppliers of Cork; Natural Cork, Raw or Simply Prepared to the Dominican Republic in 2022:
- China (312.0 kg)
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