World - Articles of Natural Cork and Agglomerated Cork - Market Analysis, Forecast, Size, Trends and Insights
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The article discusses the increasing demand for cork articles globally, with the market projected to grow significantly over the period of 2022 to 2030. Consumption of cork articles is on the rise, reaching 1.5M tons in 2022 after a three-year decline. Market value is expected to increase to $18.9B by 2030. Portugal, China, and the United States are among the top consumers and producers of cork articles. The import and export trends, as well as pricing variations, are also analyzed in the article.
Market Forecast
Driven by increasing demand for cork articles worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market volume to 2M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.4% for the period from 2022 to 2030, which is projected to bring the market value to $18.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Articles of Natural Cork and Agglomerated Cork
In 2022, consumption of cork articles increased by 2.9% to 1.5M tons for the first time since 2018, thus ending a three-year declining trend. The total consumption volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 1.8M tons in 2018; however, from 2019 to 2022, consumption remained at a lower figure.
The global cork article market value amounted to $12.5B in 2022, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs at $14.2B in 2018; however, from 2019 to 2022, consumption remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Egypt (435K tons), China (327K tons) and the United States (232K tons), together accounting for 64% of global consumption. Portugal, Italy, France, Canada and Vietnam lagged somewhat behind, together accounting for a further 15%.
From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +8.9%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($3.2B), Egypt ($2.7B) and China ($1.1B) appeared to be the countries with the highest levels of market value in 2022, together accounting for 56% of the global market. Italy, Portugal, France, Canada and Vietnam lagged somewhat behind, together accounting for a further 17%.
Portugal, with a CAGR of +8.6%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of cork article per capita consumption in 2022 were Portugal (8.1 kg per person), Egypt (4.1 kg per person) and Italy (0.9 kg per person).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Portugal (with a CAGR of +9.2%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Articles of Natural Cork and Agglomerated Cork
In 2022, production of cork articles was finally on the rise to reach 1.5M tons for the first time since 2018, thus ending a three-year declining trend. The total output volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 19%. Over the period under review, global production reached the maximum volume at 1.8M tons in 2018; however, from 2019 to 2022, production remained at a lower figure.
In value terms, cork article production declined to $12.7B in 2022 estimated in export price. Over the period under review, production saw a moderate expansion. The pace of growth was the most pronounced in 2016 with an increase of 48% against the previous year. Global production peaked at $20.1B in 2017; however, from 2018 to 2022, production failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were Egypt (435K tons), China (333K tons) and the United States (208K tons), with a combined 63% share of global production. Portugal, Italy, France and Canada lagged somewhat behind, together comprising a further 18%.
From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +6.8%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Articles of Natural Cork and Agglomerated Cork
In 2022, the amount of cork articles imported worldwide fell to 205K tons, reducing by -2.6% against 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 11% against the previous year. As a result, imports reached the peak of 243K tons. From 2017 to 2022, the growth of global imports failed to regain momentum.
In value terms, cork article imports reduced modestly to $1.8B in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 13%. As a result, imports attained the peak of $1.8B, and then declined in the following year.
Imports By Country
In 2022, the United States (25K tons), Italy (24K tons), Spain (22K tons), Germany (22K tons) and France (22K tons) was the major importer of cork articles in the world, generating 57% of total import. Portugal (7.4K tons), the UK (5.5K tons), Belgium (4.1K tons), China (3.9K tons), Russia (3.6K tons), Chile (3.5K tons), Greece (3.5K tons) and Switzerland (3.4K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Greece (with a CAGR of +21.4%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($299M), France ($299M) and Italy ($234M) constituted the countries with the highest levels of imports in 2022, together accounting for 47% of global imports. Spain, Germany, the UK, Portugal, Chile, China, Switzerland, Russia, Belgium and Greece lagged somewhat behind, together accounting for a further 28%.
The UK, with a CAGR of +9.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Imports By Type
In 2022, agglomerated cork (with or without a binding substance) and articles of agglomerated cork (170K tons) was the major type of cork articles, committing 83% of total imports. It was distantly followed by articles of natural cork (36K tons), mixing up a 17% share of total imports.
Agglomerated cork (with or without a binding substance) and articles of agglomerated cork experienced a relatively flat trend pattern with regard to volume of imports. articles of natural cork (-1.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of agglomerated cork (with or without a binding substance) and articles of agglomerated cork increased by +3.2 percentage points.
In value terms, the largest types of imported cork articles were agglomerated cork (with or without a binding substance) and articles of agglomerated cork ($1.1B) and articles of natural cork ($707M).
Among the main imported products, agglomerated cork (with or without a binding substance) and articles of agglomerated cork, with a CAGR of +3.1%, saw the highest growth rate of the value of imports, over the period under review.
Import Prices By Type
In 2022, the average cork article import price amounted to $8,595 per ton, picking up by 1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 10%. Global import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by the product type; the product with the highest price was articles of natural cork ($19,746 per ton), while the price for agglomerated cork (with or without a binding substance) and articles of agglomerated cork totaled $6,212 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by agglomerated cork (with or without a binding substance) and articles of agglomerated cork (+2.7%).
Import Prices By Country
In 2022, the average cork article import price amounted to $8,595 per ton, increasing by 1.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2018 when the average import price increased by 10%. Global import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($13,580 per ton), while Greece ($2,754 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.3%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Articles of Natural Cork and Agglomerated Cork
Global cork article exports fell to 200K tons in 2022, reducing by -4.7% compared with 2021 figures. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, the global exports hit record highs at 210K tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.
In value terms, cork article exports declined modestly to $1.8B in 2022. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 17%. As a result, the exports reached the peak of $1.9B, and then dropped in the following year.
Exports By Country
Portugal represented the largest exporting country with an export of around 124K tons, which recorded 62% of total exports. It was distantly followed by Spain (28K tons) and China (10K tons), together committing a 19% share of total exports. France (6.6K tons), Zambia (4.9K tons) and Italy (3.4K tons) held a little share of total exports.
Exports from Portugal decreased at an average annual rate of -1.5% from 2012 to 2022. At the same time, Zambia (+113.4%), China (+6.2%), France (+5.8%) and Spain (+5.2%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in the world, with a CAGR of +113.4% from 2012-2022. Italy experienced a relatively flat trend pattern. From 2012 to 2022, the share of Spain, Zambia and China increased by +5.7, +2.5 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Portugal ($1.2B) remains the largest cork article supplier worldwide, comprising 63% of global exports. The second position in the ranking was taken by Spain ($280M), with a 15% share of global exports. It was followed by France, with a 5.8% share.
From 2012 to 2022, the average annual growth rate of value in Portugal totaled +1.5%. In the other countries, the average annual rates were as follows: Spain (+4.6% per year) and France (+4.5% per year).
Exports By Type
Agglomerated cork (with or without a binding substance) and articles of agglomerated cork represented the major exported product with an export of around 172K tons, which finished at 86% of total exports. It was distantly followed by articles of natural cork (27K tons), achieving a 14% share of total exports.
Agglomerated cork (with or without a binding substance) and articles of agglomerated cork experienced a relatively flat trend pattern with regard to volume of exports. Articles of natural cork experienced a relatively flat trend pattern. The shares of the largest types remained relatively stable throughout the analyzed period.
In value terms, the largest types of exported cork articles were agglomerated cork (with or without a binding substance) and articles of agglomerated cork ($1.2B) and articles of natural cork ($690M).
Agglomerated cork (with or without a binding substance) and articles of agglomerated cork, with a CAGR of +3.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exported products over the period under review.
Export Prices By Type
In 2022, the average cork article export price amounted to $9,237 per ton, with an increase of 2% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by the product type; the product with the highest price was articles of natural cork ($25,295 per ton), while the average price for exports of agglomerated cork (with or without a binding substance) and articles of agglomerated cork amounted to $6,728 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by agglomerated cork (with or without a binding substance) and articles of agglomerated cork (+3.6%).
Export Prices By Country
In 2022, the average cork article export price amounted to $9,237 per ton, rising by 2% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($16,441 per ton), while Zambia ($415 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global cork article market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 16292250 - Corks and stoppers of natural cork
- Prodcom 16292290 - Articles of natural cork, others
- Prodcom 16292320 - Corks and stoppers, of agglomerated cork, for sparkling wine v.q.p.r.d. (including those with discs of natural cork)
- Prodcom 16292350 - Corks and stoppers, of agglomerated cork, for wine (excluding for sparkling wine v.q.p.r.d.)
- Prodcom 16292380 - Agglomerated cork - blocks, plates, sheets and strip, tiles of any shape, solid cylinders or discs including agglomerated expanded cork or burnt cork (excluding corks and stoppers)
- Prodcom 16292400 - Agglomerated cork, other articles of agglomerated cork, n.e.c.
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global cork article market.
This report provides an in-depth analysis of the global natural cork stopper market.
In 2016, approx. X tons of natural cork were imported worldwide- lowering by -X% against the previous year level. In general, natural cork imports continue to indicate a relatively flat trend pa...
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was