Price for Article of Natural Cork in Guatemala - 2023

Price for Article of Natural Cork in Guatemala (CIF) - 2022

The average article of natural cork import price stood at $23,344 per ton in 2022, picking up by 4.1% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2018 when the average import price increased by 64%. The import price peaked at $35,608 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($65,031 per ton), while the price for Mexico ($10,679 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Article of Natural Cork in Guatemala (FOB) - 2022

In 2022, the average article of natural cork export price amounted to $5,469 per ton, shrinking by -30.8% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 97% against the previous year. The export price peaked at $7,905 per ton in 2021, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($28,173 per ton), while the average price for exports to Panama totaled $220 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+22.6%).

Imports of Article of Natural Cork in Guatemala

In 2022, approx. 113 tons of articles of natural cork were imported into Guatemala; rising by 59% against 2021. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, article of natural cork imports skyrocketed to $2.6M in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Article of Natural Cork in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	433	593	1,245	1,953	65.2%
Spain	860	398	120	370	-24.5%
Italy	21.5	19.5	180	250	126.6%
Mexico	N/A	5.8	N/A	47.2	185.3%
Others	46.9	53.5	42.1	7.6	-45.5%
Total	1,362	1,070	1,587	2,627	24.5%

Top Suppliers of Article of Natural Cork to Guatemala in 2022:

Portugal (93.1 tons)
Spain (10.0 tons)
Mexico (4.4 tons)
Italy (3.8 tons)

Exports of Article of Natural Cork in Guatemala

In 2022, approx. 20 tons of articles of natural cork were exported from Guatemala; rising by 8,997% compared with the year before. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, article of natural cork exports surged to $110K in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.