SADC: Cork Article Market 2024

Cork Article Market Size in SADC

The SADC cork article market skyrocketed to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Cork Article Production in SADC

In value terms, cork article production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Cork Article Exports

Exports in SADC

After two years of growth, shipments abroad of cork articles decreased by X% to X tons in 2023. Overall, exports, however, posted a moderate increase. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, cork article exports fell dramatically to $X in 2023. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

Tanzania represented the major exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by South Africa (X tons), making up a X% share of total exports.

Tanzania was also the fastest-growing in terms of the cork articles exports, with a CAGR of X% from 2012 to 2023. South Africa (X%) illustrated a downward trend over the same period. While the share of Tanzania (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest cork article supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Tanzania ($X), with an X% share of total exports.

In South Africa, cork article exports shrank by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, surging by X% against the previous year. Overall, the export price, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tanzania stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Cork Article Imports

Imports in SADC

In 2023, imports of cork articles in SADC plummeted to X tons, falling by X% on the previous year. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, cork article imports dropped to $X in 2023. Overall, imports showed a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

South Africa dominates imports structure, resulting at X tons, which was near X% of total imports in 2023. It was distantly followed by Angola (X tons) and Democratic Republic of the Congo (X tons), together committing a X% share of total imports. The following importers - Tanzania (X tons) and Mozambique (X tons) - each resulted at a X% share of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Angola experienced a relatively flat trend pattern. By contrast, Mozambique (X%) and Tanzania (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Democratic Republic of the Congo (X p.p.) and Angola (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported cork articles in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Angola (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, increasing by X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cork article import price decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform